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Why Small Businesses Should Opt into Hiring Summer Interns

AUTHOR: Sogol Sabbar

With Summer approaching, and new business opportunities arriving, college students are beginning to seek out companies willing to provide them with real-world experience. For current or recently graduated students, the experience is a priceless commodity that small businesses can easily provide and benefit from. At SelectFunding, we provide hands-on internship programs because we believe in giving back and helping people achieve their personal and professional goals. Here are 10 great reasons we found on on why you should opt into offering internships at your business this Summer:

1. They’re Affordable

Whether you offer an unpaid internship or a stipend for the summer, you’ll find an eager pool of students looking for something more valuable than money from your small business. Many are simply looking for practical training and real-world experience.

2. Trial Basis Employees

Internships afford businesses the unique opportunity to cultivate talent from the inside. You’ll have a close-up view of an individual’s ability to learn, adapt, face new challenges, and grow – all within the boundaries of your company’s unique culture. If a candidate demonstrates exemplary work, they’ll likely be delighted when you offer them full-time employment. The intern conversion rate (successful transition to full-time hire) was more than 51% in 2015.

3. Recruiting Pipeline

Intern hiring is expected to grow by 1.7% in 2018. The hiring process can be a long and costly endeavor. Summer interns can quickly transition into a valuable employee after graduation, bypassing most of the traditional and more complicated interview process.

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