Internships can be a benefit to a company regardless of the number of current employees. As a business owner, the internship can be valuable on different levels. The program can be geared toward college applicants who may an asset to company. Or high school students who are looking for a career choice; the details depend on each company’s situation. Consider these top five benefits when contemplating starting an internship program.
1. Expand job applicant resource pool.
An internship program can help a company expand their job applicant resource pool. Recruiting quality employees can take time and money. The entire interviewing process can be time consuming. When a vacancy needs to be filled immediately, a pool of qualified candidates is a great resource tool
Finding future employees may be one of the end results of the internship. The internship program should be set up to take place throughout the year to attract a variety of applicants. The length of the internships could be based on the college semesters or summer programs for high school age interns. Depending on the hours of the business, an internship program can be offered in correlation with a high school co-op or after school hours.
2. Evaluate Performance
While an intern is completing a program, a manager or department head needs to take the time to evaluate performance on an ongoing basis. By giving constructive feedback, the intern will learn and grow within in the department.
Hiring an intern at the end of any professional development program is an excellent way to gain a knowledgeable employee. An intern who works well within the department can be a valuable asset. An internship can help identify those individuals who are most likely to become a team player. Human resources can always hire individuals who have the right the right credentials for a specific job. An internship program can determine how well an individual will fit into the work environment.
3. Productivity Boost
An internship program can actually boost productivity. Current employees will take time to show an intern how to do a specific job task properly in an effective manner. Having an extra person in the department to carry out smaller tasks will give an employee a chance to concentrate on other job related aspects.
4. Employee Retention Increases
When interns are hired at the end of a program, retention rates increase. An individual who started as an intern is more likely to stay with the company for a longer period of time. Retaining employees saves both time and money. Finding a person to fill a vacancy can be time consuming. During the vacancy, productivity and morale can decrease causing a negative effect on the working environment.
All businesses strive to be a good example within the community. Without community support smaller businesses would never survive. An internship program will actually increase the reputation of a company within the community. A community views quality internship programs as a way of giving back. Hiring an intern upon completion of the program will strengthen the local workforce which puts money back into the community.