As the summertime approaches, your business is growing and so is your workload.
Thankfully, it just so happens to be the time when some college students are on the hunt for the perfect opportunities to jumpstart their careers as well. Can your business be the host to a rewarding experience for both you and an intern?
Any business, big or small can create a win-win situation for attracting summer interns. In fact, for an intern, a smaller environment could mean greater responsibility, insight, role definition and more time with the customer, said Rich Razgaitis, CEO of FloWater, a San Francisco-based startup that’s focused on eliminating single-use plastic water bottles. At a startup or small business, an intern can squeeze 6-10 months of experience into just a 4-month span, getting involved in responsibilities they may not have the opportunity to work on in a bigger corporation.
Ok, so small businesses in general can be successful in attracting summer interns, but what about your business? Here’s some steps to take before hiring.
“Like anything else, aligning a person’s motivations with rewards after finding really great talent is the key,” Razgaitis said. And besides the return via compensation or credit, “they want coaching, experience and learning exposure. It needs to be a mutual value creation.”
A good intern is looking for an opportunity to go through intensive learning, but also contribute and make a difference, Razgaitis shared. He or she wants to be part of a team; a chance to show off her talents and prove the ability to take something on, do a great job, and execute.
However you choose to pay an intern—in pay compensation or credit compensation—you must legally pay your intern in some way. In only the most specific circumstances is it legal to not pay interns. Otherwise, you’ll need to at least pay minimum wage. Currently, though, the average hourly rate for paid bachelor degree-level interns is $16.21.
Hiring a summer intern is pretty similar to taking steps to hire a full time employee. You’ll need to write a job description with concrete explanations and examples of what your intern will be doing for your small business.
If you think you could be on the market for a summer intern, take a peek at some of these sites and places that could help you get going just in time for the end of the semester:
Hiring a summer intern is a great way to find good talent and get necessary work done when you don’t have time to do it yourself. But the process of hiring an intern shouldn’t be taken willy-nilly.
If you put some time and effort into providing a great internship and finding the right candidate, both your business and the intern will be better off in the long run.