Are unpaid internships coming to an end?
Female business intern holding a clipboard. Photo courtesy of Shutterstock.
Consider these three interrelated pieces of prevailing wisdom:
1. It’s a competitive job market.
2. Gaining experience to put on your resume can help you get a job.
3. Unpaid internships may put a strain on your finances, but will help your career in the long run.
Each year, approximately half a million career-builders work as unpaid interns with the hope of future career growth, while businesses reap the free benefits of motivated workers eager to impress.
But don’t resign yourself to becoming one of those thousands quite yet: A recent court decision has opened the question of whether unpaid internships will become a relic of the past. (more…)
Class of 2013: Paid Interns Outpace Unpaid Peers in Job Offers, Salaries
Among 2013 graduates who had applied for a job, those who took part in paid internships enjoyed a distinct advantage over their peers who undertook an unpaid experience or who didn’t do an internship, according to results of a survey of college students by the National Association of Colleges and Employers (NACE). (more…)
How Far Internships Have Come; Today Offer Experience for Recent College Graduate Jobs
Today, most college students have probably heard of an internship, and understand that it is an opportunity to gain experience for recent college graduate jobs. However, that was not always the case. The following post includes an infographic that takes you through the history of internships.
It’s hard to believe that the predecessor of today’s internship came to life in the 11th century. The interns of the past were actually apprentices seeking practical experience to grow their skill set in a trade, art, or calling. Today, students embark on internships during their college years to gain out-of-the
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Creative Ways To Pay Your Interns
Lately, there has been a lot of buzz about the ethics behind hiring interns for unpaid positions. If you decide that you want to hire interns for unpaid positions then you must be able to pass the Department of Labor’s test for unpaid interns. However, if you decide that you want reward your interns for their work, then there are many more ways to pay them instead of just a salary. Some of the best alternative payment methods that many small business owners use are bonuses, perks, and training. (more…)