For those at the beginning of their careers, internships may provide more than a resume boost. An internship could prove to be an audition for a full-time position with the company providing the internship. A recent CNNMoney article cited results from a National Association of Colleges and Employers that found companies turn 58 percent of their interns to full-time employees.
If you have not previously considered placing interns, this news may make you want to reconsider. If you place an intern with one of your clients on a contract basis, you could earn a nice conversion fee if the client likes the intern and decides to hire that person direct.
But aren't a lot of internships unpaid? Yes, but that could (and should) be changing. As we reported last year, the Department of Labor is cracking down on illegal unpaid internships. The agency has provided six criteria your clients should refer to before they attempt to bring on an unpaid intern:
So if your clients are using unpaid interns, you may want to inform them of these criteria and convince them to hire paid interns on a contract basis when the internships they are offering don't meet these criteria. With graduation season upon us, now is the time to strike while the crop of candidates is hot!