8 Reasons to Pay Your Interns This Summer

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8 Reasons to Pay Your Interns This Summer

With so much focus on the impending changes to the FLSA overtime rules, it is important not to lose sight of the existing regulations and keep your organization in compliance with other areas of the law that sets the standards for so many areas of employee compensation practices. One area that is (fairly) straightforward per the existing FLSA regulations and is top of mind for many employers as we head towards the summer months is, of course, interns.
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Even More Reasons to Hire Interns & Recent Grads

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According to the 2013 ERC/NOCHE Intern & Recent Graduate Pay Rates & Practices Survey 85% of employers with internship programs in place indicated that they will be either maintaining or expanding their programs in 2013. Organizations also report that 48% of their entry-level positions are filled using new college graduates. These numbers clearly demonstrate an ongoing commitment by Northeast Ohio organizations to building strong internship programs and bringing young graduates into their workforces. However, this year’s survey also reveals some unexpected opportunities and perks that further bolster the importance of hiring interns and recent grads from more of an organizational development perspective.

Building Networks

Employers looking to hire interns or recent graduates continue to collaborate closely with colleges and universities in the area, most often using the job boards at colleges and universities themselves. This strong connection between the area’s higher education institutions and local employers is also thriving on a more personal level with 61% of respondents taking time to build relationships with professors in order to find interns and 40% drawing upon their alumni contacts when seeking new college graduates to fill positions at their organization. Despite a strong focus on online recruiting overall, employers still find value in the face-to-face networking opportunities that their connections to colleges and universities provide.
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