1. Find future employees:
A lot of people consider the process of recruitment as a drain on company’s resources, a start-up’s even more so! However, it is important to keep in mind that if you appeal to tomorrow’s work-force when they’re looking for internships, then all you have to do is choose the best of the bunch when it is the time to hire.
An internship program acts as an year-round recruiting tool including winter internships, summer internships, virtual internships and live projects. Implementing an internship program means you have an ongoing pipeline of future full-time employees.
Moreover, college campuses are close knit communities where word of mouth can work in the most extraordinary ways possible. If your organization impresses one class of interns, word will quickly spread. Soon you’ll find the most sought-after, student talent, interested in working with you.
For students, it’s naturally the best way for them to prove their worth and grow in any company!
2. Test-drive that talent:
The Human Resources’ reality states that: A new employee makes a solid impression in the interview, but then just may not gel with your current team or your company’s way of doing things. This is exactly why hiring someone as an intern is the most effective way to evaluate their potential as a full-time employee. You can easily avoid the pitfall of training a new hire, only to find out they’re not fit for your organization. Starting an internship program lets you benefit from additional manpower, while assessing candidates more accurately.
The decision to commit and work together is mutual. The intern too gets the opportunity to know for sure that this is what they want and enjoy doing!
3. Increase productivity:
Setting up an internship program allows you to take advantage of short-term support that comes with it. The extra set of hands help current employees to be more productive, allowing them to accomplish more important tasks that require strategic thinking or expertise.
Your current teams will thank you the most from this. Often, managers get stuck with work they could otherwise oversee. It allows them to prioritize and keeps motivation up. While for the interns they are happy to learn the basics of the trade and take up tasks with enthusiasm.
4. Increase employee-retention rate:
Recent studies indicate that the test-driving theory has shown positive employee-retention figures. According to NACE’s 2009 Experiential Education Survey, almost 40% of employers reported a higher five-year retention rate among employees they’d hired via their internship programs.
5. Enhance perspective:
Whether it is a small organization with 12 or 15 employees or a bigger company, new people bring with them novel perspectives, specialized strengths and valuable skill sets.
These augment the abilities of your professional workforce. Fresh ideas are always welcome, especially at a start-up.
6. Make the most of low-cost talent:
Interns are an inexpensive resources and yet among the most highly motivated members of the workforce. They have significantly lower pay than the regular staff employees, and you aren’t obligated to pay unemployment or a severance package in case you choose not to hire them on full time. We all understand its difficult to get experienced team members to leave their cushiony jobs and work with start-ups or early stage companies. Interns will do it without complaints.
7. Free-of-charge recruitment:
Letsintern allows you to make employer and student profiles completely free of charge which can be further used to post and apply to internship opportunities respectively. This means you get extensive exposure to the top colleges and candidates, without traveling to campuses to hire and without putting a dent in your recruiting budget.
8. Power your start-up:
When looking for placements and full time-jobs, most often go for big-name businesses. However, when seeking internships, learning is the leading draw. Many candidates feel they’ll get more hands-on training, real experience, and mentoring opportunities with smaller organizations. Make the most of it!
9. Support students:
Internships provide students with numerous perks. They gain experience, develop skills, make connections, get to work closely with leadership teams, contribute genuinely to the organziation and bottom-lines, strengthen their resumes, learn about a field, and assess their interest and abilities.
Offering a paid internship is particularly beneficial as it attracts more audience especially the economically disadvantaged youth to participate. Students who have to help fund their own schooling will need a job, regardless. Providing an internship allows that candidate to facilitate a positive future. They will thank you with their motivation and work.
10. Stay Young:
While interns learn from your experience, you learn from their inexperience and new outlook. Interns, the youngest in your teams, also bring to you the know-how of the latest, the freshest, the trends, the latest tech buzz-words.. things that money can’t necessarily buy!
This blog post is written by Rakesh Singh, Co-founder & CEO of RoomNHouse.
RoomNHouse is a tightly-knit group of professionals seeking to bridge the gap between travelers and hosts. They provide a platform for people to search, discover, list and make use of choiced locations in any area, at any price point, across the nation.
RoomNHouse are currently looking for interns! Click here to know more ..