More Unpaid Internships
I just received an email from an employer who is going through some layoffs. A manager wants to hire some interns but is considering hiring them on an unpaid rather than paid basis. They wanted to know if I felt that there will be more unpaid internships due to the weak economy.
I definitely foresee a higher percentage of internships being unpaid both employers will want to save some money, students won't have as many options, and employers will know the students don't have as many options.
As the economy strengthens, employers will understand that they're being penny wise and pound foolish by trying to save a few thousand dollars by not paying their interns as it is productivity that drives organizations, not labor savings. The better the caliber of your workforce, the better your profitability.
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