Why Unpaid Internships Hurt Companies As Well As Students

    Unpaid internships were trending last week - I didn’t even realize this was still a thing. Yes, some college students may be willing and able to work for free. But should we ask them to? And what are the consequences of doing so?

    Ironically, unpaid internships actually hurt companies as well as college students. Beyond hindering diversity efforts, college students with the greatest skills and most potential (irrespective of background) choose internships that provide the most total benefit for them (including, but not limited to, compensation). As a result, companies that don’t pay their interns damage their brand and get lower quality candidates for future hires, which totally undermines the benefits companies want from internship programs.

    There’s never been a better time to take action, as I'm sure that each of you has a project on your plate that's not the best use of your time, but would be a great opportunity for a college student: Content creation. Research. Data cleansing. Lead gen...

    Why not let a college student or recent grad get it done for you (especially since there are no HR or administrative burdens). They are excited to exceed your expectations as they showcase their skills and learn about your organization.

    Innovative companies have already recognized that this approach can be invaluable, especially right now as recruiters worry about achieving their early-career goals, value a “plan b” for those who renege, or want to ensure the success of their summer programs. Beyond the value for managers and the social impact, as we’ll share during our webinar on Wednesday, March 10, companies have leveraged this approach to drive positive outcomes including enhanced diversity (>80% of selected Micro-Interns come from underrepresented populations), improved retention (>97% retention rate), and lower cost-per-hire.

    Hope to see you virtually on Wednesday,

     

    Jeffrey Moss, Founder and CEO


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    “Internships create a diverse pipeline of future hires. Bring them in to impact your business. When you commit to working with interns, you commit to the future of their education and success. You will be amazed at how much they contribute to yours.” 

    Internships are, perhaps, the best way to build relationships with early-career talent, especially in the age of remote recruiting. Interns deliver fresh, effective ideas to companies and provide hiring managers with potential future hires already familiar with company practices. Internships also provide young people the opportunity to develop skills they cannot learn in the classroom. 

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