As your business begins to expand, it will face the issue of needing to hire new employees. For many organizations, this can seem like a daunting task. The risk of hiring an employee that does not fit a company’s culture or does not have the required skills can lead to a company not hiring the employees it needs to grow. Developing an internship program can help a business grow their workforce while mitigating many of the risks associated with hiring new employees. Join us as representatives from Wright State University, University of Dayton, and SOCHE (Southwestern Ohio Council for Higher Education) discuss the services they can provide your small business to find the right employees.
Reasons to build your workforce through internships:
CREAM OF THE CROP
4 out of 10 college grads never have to go looking for a job when they graduate because their paid internships became full-time career positions. If you are not employing interns, you will never even see 40% of the most driven, career-minded graduates.
Interns who become full-time employees tend to stay longer with the company where they interned. Interns have a nearly 25% greater retention rate after five years when compared to outside hires. This means more productivity, less downtime, less training time, less drain on energy and resources.
The best way to evaluate a potential employee is through an internship. An intern can provide your organization with fresh energy and an out-of-the-box approach with less potential risk. According to a 2012 study by the National Association of Colleges and Employers (NACE), businesses will hire 58.6% of their interns as new full-time employees.
INSPIRE YOUR BEST THINKERS
Interns bring fresh ideas and can work with or free-up time for your best employees to explore potentially lucrative new territory.