How Can the Internship Benefit Your Small Business?

More and more companies are discovering the benefits of internship programs. Companies get the chance to handpick and develop future talents for their team. Interns provide an extra set of hands and eyes for fresh perspectives, strategies, and plans. Fortune 500 companies keep over 80% of their interns, full-time hires assimilate faster to their roles and have shorter learning curves than external hires.

Interns can:

  • Provide freedom for professional staff to pursue creative or more advanced projects. 
  • Increase staff retention rate.  
  • Assist an organization in application of the latest strategies and techniques in the field.  
  • Maintain connections with colleges and increase visibility on campus. 

  • Promote community involvement ‐excellent public relations tool.
  • Recruit other students and generate enthusiasm. 
  • Creates awareness of the field for future hires. 
  • Giving to the community by teaching the prospective work force.
  • Enhance perspective.
  • Close the skills gap.
  • Foster leadership skills in current employees.

How to Create an Internship Program in Your Small Business?

Before hiring interns there are a few things you must consider. Employers must understand how interns will fit within the company’s goals and culture. Not all internship programs will look or operate the same way. Businesses vary in sizes, age, industry, and product, the internship activities will vary as well.

Questions that may determine what kind of program will work best for you:

  • What does your organization hope to gain from the program? 
  • Is your organization looking to fulfill a need on a specific project? 
  • Will this internship(s) encompass one major project, or entail a variety of small projects? 
  • What talents, academic background and experience do you want in an intern? 

  • Decide on qualifications early on to help you select the best candidate. 
  • Who will be primarily responsible  or the intern(s)? Will that person be a mentor, supervisor, or both?  
  • What are the tools and workspace necessary to provide the student? 

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