When you visualize the perfect new hire, a few character traits and professional aspirations probably come to mind.
You want someone who’s dedicated to quality and does more than follow directions: Many businesses are actually looking to hire young professionals with an open-mind for fresh approaches yet still receptive to industry best practices.
In short, you’re looking for job candidates who show creativity and a knack for independent learning yet still have a grounding in the fundamentals of the profession…with all of the pre-requisites and practicum experience that entails.
Internships for Business Growth
Just surveying the business landscape today you can see that internships are having a positive impact on growth all around the nation: the majority of interns eventually becoming full-time hires.
On average, approximately two-thirds of one-time interns receive job offers from businesses.
That number alone tells you that businesses are impressed with what they’re seeing from interns; so much so that they want that intern to become a full-fledged member of the organization and make independent contributions of their own in the field.
Picking the Cream of the Crop
Internships, in a lot of ways, are boot camps that separate the wheat from the chaff. There’s a vetting process right from the get-go when you interview the top candidates for the job, and that’s followed by another narrowing of the field when it comes to which of those interns who passed the interview process can make it through the internship.
From there, you have the latitude of picking the best of the best among your interns in that you get to pick among all of the elite interns that made it through. You choose which of these interns get offered a full-time position with the company based on factors like:
- Likelihood of making a substantive future contribution
- Ability to network and mesh with industry professionals
- Time management and organizational skills
- Receptivity to advice, counsel and industry best practice
Internships are effectively a non-stop recruiting tool for your business since by hosting summer, fall and quarterly internships you put yourself in closer proximity to budding talent in your industry.
Your Pipeline to Tomorrow’s Talent
In effect, internships are a pipeline to tomorrow’s highest talent and a means of ensuring that your business can make up for any employee turnover or retirements.
You obviously need more fresh faces coming into the industry as other professionals transition into their golden years and decide on retirement.
Internships are really the closest things that business owners have to a fountain of youth as they enable individual businesses to oversee a fresh stable of talent ready to make an impact in the day-to-day operations of your business.
Gain a Fresh Perspective
It’s also often the case with interns and first-time professionals that they’re completely open to new technologies and novel approaches. Simply put, interns can infuse your internal business culture with a new perspective and a sense of spontaneity and enthusiasm that may have been lacking before those same interns arrived on the scene.
Interns are usually the most interested in their field of study during college and ready to test their mettle by gaining real-world experience and fleshing out their learning in the classroom. When you really think about it, isn’t that the ideal job candidate? Someone who’s done their homework and wants to start making a contribution?
Millions of businesses obviously think so since internships segueing to full-time hires offer more support, increased productivity and bolstered employee retention as interns consistently show higher five-year retention rates. This all goes to show that interns are driven, committed and passionate!