Creating Internship Program for your Small Business
July 29, 2017
Before going on to internship programmes for small business, it will be relevant to know who are called interns. An intern is usually is usually a college student or high school student who can be taken on board the business in a paying or non-paying capacity. It is beneficial for the intern as it becomes a rich learning experience and an opportunity to put class room theory to practice. These are usually of short durations stretching to around a year. Internship programmes are very successful and studies have shown that more than 90% of interns would like to join the same organisation as a full time employee.
If you are creating internship programmes for your small business, you should take systematic steps in that direction.
Know the benefits of starting an internship program – Savings is the first point. Interns are not full time employees in your business and do not get paid accordingly. However, work wise they can be allotted projects that a permanent employee will do. Secondly, interns will generally be very enthusiastic about tasks allotted to them as they will be seeing it as a learning experience that will helpful to them in future. Finally, for you there will be the social costs to consider. You will be contributing your mite to the society as you will be training freshers in a real time business environment that will enhance their upcoming career prospects.
Planning your Internship programme – Have systems in place first to ensure that the program is meaningful, both for the interns and your small business. If you have an HR manager who can manage the process of taking on interns and terminating them when the time period is over, it is good. Otherwise you will have to delegate this task to somebody who can handle it well. Getting the right interns who have studied on matters relating to your industry is important.
Before taking on interns, decide on the work to be allotted to them. They are not in your business to run errands; they have to be given meaningful projects that will help them in their career as well as add value to your business. Students today are very tech savvy so you can cash in on their expertise in this regard. To help you, avail the expertise of business consultant services that might have been associated with you from your start-up days. They will surely be able to chalk out an optimised Internship program for you.
Fix a definite mentor for each intern that you take on to whom they can turn to for clarifications. Remember, it is their first time in the big business world and they might initially feel a bit lost.
Starting off – Once your planning process is over and the work to be allotted is in place, decide when you want to start the program. This is because you have to choose between hiring Summer Interns, Fall Interns or Spring Interns. There are fixed times when students will be available for hire and you have to structure your program accordingly.
For more help in creating an Internship Program, take the services of TR Consulting, one of the top business consultancy firms in Australia.