Hiring Interns: 4 Things You Need To Know
Hiring interns can be a smart and economical business strategy when looking to expand and grow your business. Current students and recent graduates pursue an internship as a way to get experience and perhaps earn additional income. The hiring process for interns should be treated similarly to hiring a regular employee, read on to learn 4 important rules of hiring an intern for your business.
1. Compensation Requirements: Hiring interns without required compensation is a potential way to grow your business in an economical manner. The Fair Labor Standards Act maintains 6 key criteria to determine if your internship program is exempt from providing compensation. Some of these qualifying factors include providing beneficial training to interns and not using an internship as free labor to replace regular employees.
2. Educational Experience: It is important that your company culture and environment fosters professional growth for an intern. Although you may decide not to pay your intern, it is essential to remember that students accept internships to practice their knowledge and gain hands-on experience as an intern. Consider assigning a regular employee to train and supervise interns to ensure they are having a mutually beneficial experience with your company.
3. Liability: Although an intern might not be receiving compensation from your company, it is still a good idea to protect your business by ensuring your worker’s compensation policy covers interns. By adding interns to your worker’s compensation policy you can ensure that you will not be faced with a burdensome financial strain in the event of a work-related accident or injury.
4. Hiring Process: The process of hiring interns is comparable to that of hiring a regular employee including recruiting, interviewing and running background checks on potential internship candidates. During the recruitment process, be sure to seek candidates that are ambitious, confident, energetic and adaptable. Determine factors that would make a candidate a successful intern such as holding a college degree, having extensive experience or accolades earned through professional and service endeavors.
Have you hired interns at your company? Were there additional criteria you looked for? Share your experience in the comments.
If you need help with recruiting top talent or with expanding your contingent workforce, give us a call at (650)752-6193. Menlo Partners Staffing, general & administrative recruiting experts for small to mid-size employers in Silicon Valley.
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