Report

Internship in US – 70.8 Percent of employers want to convert students into full-time, entry-level employees survey finds

Key findings

PROGRAM STRUCTURE

  • Nearly all respondents to this survey had a formal internship program (92.0 percent). Less Capture d’écran 2015-06-15 à 09.02.35than half had a co-op program (45.1 percent).
  • The primary focus of most employers’ internship and co-op programs is to convert students into full-time, entry-level employees (70.8 percent and 62.6 percent, respectively).
  • Very few employers required their interns and co-ops to arrange to receive academic credit for program participation.

HIRING, CONVERSION, AND RETENTION

  • Intern hiring decreased by 3.4 percent in 2014 and then remained unchanged in 2015.
  • Co-op hiring growth is unchanged in 2015.
  • In 2015, the intern conversion rate was 51.7 percent. The co-op conversion rate was 37.8 percent
  • The Interns and co-ops most likely to be converted into full-time hires are those who have worked for a single employer on multiple occasions.
  • Where an employee held his or her previous internship or co-op experience was influential in affecting five-year retention rates.

RECRUITING

  • Employers begin planning for intern recruitment seven months before the position is scheduled to start. For co-ops, employers begin an average of six months in advance.
  • In terms of both funding and effectiveness ratings, employers strongly favored career/job fairs and other on-campus recruiting activities to recruit interns and co-ops.
  • Four target school selection criteria stand out as key factors: the geographic location of the school, the majors it offers, the perceived quality of its programs, and the employers’ past recruiting experience at that school.
  • Overall, the most highly regarded skills for interns and co-ops are the ability to work in a team, the ability to obtain and process information, organizational and planning skills, verbal communication skills, and decision- making/problem-solving skills.

COMPENSATION

• The average hourly intern wage for bachelor’s degree-level interns in 2015 is $17.20.
• The highest salaries for bachelor’s degree-level interns were reported for computer science and engineering
majors, while the lowest were reported for education, liberal arts, and social science majors.
• The average hourly wage rate for co-ops at the bachelor’s level is $17.36.
• The highest paid bachelor’s degree co-ops were reported in the oil and gas extraction and chemical
(pharmaceutical) manufacturing industries.
• It was relatively uncommon for employers to provide employee benefits to either interns or co-ops (33.5 percent and 21.3 percent, respectively).

Chosen excerpts by Job Market Monitor. Read the whole story at NACE’s 2015 Internship & Co-op Survey 

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Jobs – Offres d’emploi – US & Canada (Eng. & Fr.)

The Most Popular Job Search Tools

Even More Objectives Statements to customize

Cover Letters – Tools, Tips and Free Cover Letter Templates for Microsoft Office

Follow Job Market Monitor on WordPress.com

Enter your email address to follow this blog and receive notifications of new posts by email.

Follow Job Market Monitor via Twitter

Categories

Archives

%d bloggers like this: