Your startup or growing company has a tight budget. You’re hoping to get a lot done but only have a few employees. Has the thought of hiring an intern — or several interns — ever crossed your mind? Interns provide companies with an array of perspectives and benefits they’ve likely never realized. One of the biggest perks is discovering quality talent without sifting through hundreds of resumes and holding tons of interviews for candidates that may or may not be qualified. These benefits of hiring interns might persuade you to start an internship program:
- Find Future Employees
An internship program is a year-round recruiting tool. With fall internships, summer internships, semester internships, and quarterly internships, implementing an intern program creates an ongoing pipeline of future full-time employees. At the one-year mark, interns who become full-time employees are almost 30% more likely to still be at your company than are other full-time hires. Reduce the drain on company resources from recruiting and hiring by cultivating a pool of star interns to fill your positions as they open up.
- Gain Brand Advocates
Hiring an intern helps spread the word about your company—whether you mean to or not. If you’re an impressive internship supervisor and mentor, your interns will probably talk about their experience with peers, friends and family members, essentially advertising for your organization (but most importantly it’s free!).
- Test-Drive the Talent
The price of a bad hire at around 30% of that employee’s first-year salary. But it’s a human resources reality: Sometimes a new employee makes a solid impression in the interview, but simply doesn’t gel with your current team or the way your company operates. Because of this, hiring someone as an intern is the most effective way to evaluate his or her potential as a full-time employee. When you “try out” candidates via a semester or summer internship, you make fewer mistakes when it comes to full-time staffing.
- Enhance Perspective
Drawing perspective from anyone outside of your industry, team, or day-to-day operations often courts surprising inspiration. Properly-executed internship programs are no exception. Bringing in students who don’t see your company from the inside every day opens up an opportunity for fresh perspectives on your business, strategies, and plans. To maximize these potential benefits, make sure to include interns in brainstorming sessions and encourage them to speak up in meetings. Attending brainstorms is often a favorite among interns, so it’s a win-win for both parties.
- Foster Leadership Skills
Many employees look to mentor young people. An internship program provides an opportunity for your current employees to connect with these college students, meet with them, speak with them, and ultimately, mentor them. This mentorship program will be helpful for your business’s culture as well as the student’s well-being and continued learning.
However, don’t hire an intern (or several) for any of these reasons below:
- You don’t have any clear goals in mind for the program. Just because you need additional help does not mean you should hire interns. Instead, you can consider hiring temporary employees or contractors to help with your workload. If you do want to bring on interns, consider what goals you’d like them to reach by the end of the internship period.
- You need “free labor.” An internship isn’t something to take lightly—you need to provide mentorship and training for the student or young professional in order for them to learn something. An intern should not be a replacement for a paid employee; however, they should have realistic goals and leave the opportunity with additional skills for their career.
- You’re too busy. If you know you won’t be a good intern supervisor, don’t bring on interns. Unless you can dedicate much of your time to training and mentorship, it won’t be a beneficial experience for either party.
Your company will benefit from an internship program if it’s a priority for your business, structured, and provides students with the supervision they need to be successful. By also providing adequate training before the program begins or hosting an intern orientation, you’ll see even better results. If you are too busy handling your business and don’t have time and resources to hire interns, lazyHR can assist you in finding the right interns. To know more about our recruitment services contact us at firstname.lastname@example.org / (+91) 83292 95771