Date post: | 07-Nov-2014 |
Category: |
Business |
Upload: | intern-in-michigan |
View: | 21,189 times |
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“Utilizing experienced interns effectively”
Webinar7/15/10
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Intern pool
Undergraduate Graduate school Experienced
• Average age: 18-22• Relatively inexperienced• Undergraduate education
• Average age: 22-30• Some experience• Post graduate education
• Average age: 25+• Some experience• Post graduate education
Traditional Non-traditional
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Roadmap
• Overview• Advantages• Challenges
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Overview
• Market for non-undergraduate interns has increased due to recent economic events
• Many have chosen to pursue graduate degrees until the economy subsides
• Some have chosen to enter into new industries via internships
“Unique opportunity to attain expertise at a
discount”Overview
Advantages
Challenges
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Roadmap
• Overview• Advantages• Challenges
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Advantages
Overview Advantages Challenges
Less initial training Utilize expertise New perspectives
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Less initial training
Overview Advantages Challenges
No need to teach basic
professionalism
Quicker to current needs
Experienced interns are more familiar with office etiquette than traditional
interns…
…which enables employers to focus on project based
training
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Utilize expertise
• Graduate school interns have fresh perspective on industry
• Formerly employed interns have unique cross industry expertise– i.e.: Journalists
becoming PR interns Overview Advantages Challenges
Expertise can be utilized to tackle advanced projects
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Provide new insights
Overview Advantages Challenges
Traditional interns Experienced interns
• Older, formerly employed• New perspective in office• Can draw from previous business
experiences
• Young, and recently graduated• Fresh energy• New to business world
“Experienced interns bring proven perspective”
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Roadmap
• Overview• Advantages• Challenges
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Challenges
Overview Advantages Challenges
Managing Compensation
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Managing experienced interns
Overview
Advantages
Challenges
Treat experienced interns as professional equals
Be a mentor… …while acknowledging previous experience
• Teach interns nuances of your industry
• Give constant feedback so interns can track performance
• Ask intern about previous work experiences
• Discuss the big picture so interns feel their impact
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Compensation
• Recognize experienced interns can sometimes offer more than traditional interns
• Incentivize experienced interns by offering bonuses for exceptional work
• Pay enough to retain intern if needed
Overview
Advantages
Challenges
Pay competitive prices……while rewarding expertise when
warranted
*above chart is for illustrative purposes
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• Questions?