10 Benefits of Starting an Intern Program

Northwood Students
July 18, 2016

You've mulled it over with management. It's consistently on the agenda at meetings. And you know that even—actually, especially—small- and medium-sized companies are already reaping huge rewards. In fact, you've been contemplating creating a program for months—even years.

But you've yet to actually take the next step and start an internship program at your organization. 

Hopefully, that's about to change. Consider these internship statistics from the National Association of Colleges and Employers' (NACE) 2009 Experiential Education Survey:

  • 67.7% of 2007-08 interns were offered fulltime positions.
  • 83.6% of these offers were accepted.
  • 35.3% of employers' fulltime, entry-level college hires came from their internship programs.

If we look at internships from a solution-based perspective, it's good news as well. Because, essentially, as a small- to medium-sized business, your primary needs are twofold:

  1. Effectively manage your workflow to accomplish immediate objectives.
  2. Find new team members to help grow your business and accomplish your future (i.e. larger, more lucrative) objectives. 

Setting up an internship program meets both needs simultaneously. But let's examine the specific benefits in more detail.

View the full article by internships.com to view the list of 10 benefits. 

Northwood University Partnership:
The Michigan Chamber has partnered with Northwood University to offer a $1,000 scholarship for eligible Northwood University students affiliated with a Michigan Chamber of Commerce member organization.