Internships are an ideal way to hire quality college graduates. In fact, 100% of our survey respondents said that they hire US-based interns annually. This isn’t a surprise, as each year CareerXroads holds a meeting with our current CareerXroads member companies where for two days we discuss all things related to internships and managing college recruiting programs.
While these internships are spread out throughout the year, most generally take place in the summer and in the fall. Co-ops were the most popular form of early career programs, followed by summer programs and mentorship programs. Most internship programs are managed by an internship program manager or campus recruiters, with each intern being managed directly by hiring managers in each business unit. Most companies indicated that the hiring managers are directly responsible for training the interns, however most companies do not incentivize their hiring managers to deliver a positive experience to their interns. Furthermore, about 60% of all interns do receive a formal fulltime offer in which most interns have between 3-4 months to accept the offer, which is usually dependent on their college internship guidelines. As far as referrals are concerned, most organizations don’t pay for any campus referrals.
Our latest CXR Pulse Survey examines this question and its inherent challenges. It is available now for CXR Members in our Research Directory.