Although employers have maintained recruiting college graduates for full-time hire, companies are beginning to discover that hiring new grads as interns can yield a high return in the form of cheap -- ahem, cost effective -- labor.
According to a recent study by Intern Bridge, a Massachusetts-based college recruiting consulting firm, 70% of students would accept less pay if it meant a more auspicious work experience.
"In the past, companies hosted internship programs as a recruiting tool. Organizations are quickly realizing that internships can also ease their workforce dilemmas in a tough economy," maintains Intern Bridge founder Richard Bottner.
While growth in college recruiting for full-time hires is expected to remain flat in 2009, the use of internships is expected to rise as organizations recognize the advantages to of hiring a newly educated workforce at a reduced cost.
The 2008 study interviewed 42,000 students from 400 universities. --Kathleen Koster
Register or login for access to this item and much more
All Employee Benefit News becomes archived within a week of it being published
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access