Employers plan to increase intern hires by 8.5%, laying the groundwork for future full-time hiring gains.As businesses continue to recover from the effects of the economic downturn, employers are making plans to hire more college students for summer internships this year.
In a study releases by the National Association of Colleges and Employers (NACE), employers report their intention to increase paid internship hires by 8.5% over 2011 internship hiring totals.
“This reflects the focus of these internship programs,” says Marilyn Mackes, NACE executive director. “Employers taking part in the survey use their internship programs to feed their full-time hiring efforts; as a result, they pay their interns to ensure the best talent pool possible.”
Employers who participated in the study plan to compensate bachelor’s degree-level interns at an average rate of $16.21 per hour, down slightly from the 2011 average of $16.68.
For prospective interns, the upside is that a separate study has found that internships are still being utilized as a feeder mechanism for full-time hiring efforts. The NACE 2011 Student Survey reveals that students reciprocate the sentiment – 90 percent of students who participate in internships say they are willing to accept a full-time position the internship employer.
In general, paid interns are more likely to receive job offers, land a position prior to graduation and receive higher starting salaries than peers who participate in unpaid internships or no internships at all.