Intern hiring101
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Intern Hiring 101 Make progress not coffee
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Transcript of Intern hiring101
Intern Hiring 101
Make progress not coffee
Road Map
1.) Brief Background on Nathan and InternMatch2.) The real deal behind unpaid interns.3.) How to structure an intern program.4.) Typical compensation levels for different interns (marketing, engineering, design, and more).5.) How to create a standout internship posting.6.) How to effectively manage and get the most our of your interns.7.) Plenty of time for Q & A.
About InternMatch
• Started in 2009• Over 500,000 unique student visitors a month• Over 700 direct university connections
Hello InternMatch,
I wanted to take a few minutes to thank you for all the help you post in your website. I just moved to the states from Argentina and when it was time to get a job I followed every step and used every tip that I could find at InternMatch. Your articles really helped me to understand the working environment in this country and how to fit in. As a result I just got hired today, and I can't ignore the role you played in this accomplishment.
What you do in this website is great and I believe I speak in the name of all college students when I say (once again) Thank you very much!
I hope you can keep on growing and expanding, you and your team truly deserve it.
Best regards,
Joaquín Van Thienen.
Our Interns
InternMatch has now hired over 50 interns
** US Employers with 20+ Employees
• We have hired numerous campus ambassadors at schools including MIT, Harvard, Upenn, Wisconsin, Michigan and more!
Why Hire Interns
July
Sept
Nov Ja
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Mar
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2,000
4,000
6,000
8,000
10,000
12,000
New Aggregated Internships
• Fill in critical skill gaps
• Pipeline for future hires(http://venturebeat.com/2012/07/21/converting-interns-to-hires/)
• Regional Expansion
Not for everyone
Hiring top notch students with the right culture fit is essential for SMBs and Startups
+50K / Fantastic Intern
-25K /Mediocre Intern
• Autonomous but not automatic
• Contributes energy to office/team
• Future hire
• Can’t test assumptions• Needs to be motivated• Only around for 3
months
Topic #1: Unpaid Interns
Be very careful of unpaid internships
Have a Goal/Project in mind
DOL 6 Point Test1.) The internship is similar to training which is given at an educational facility.2.) The internship experience is for the benefit of the intern.3.) The intern does not displace regular staff.4.) The intern is not necessarily entitled to a job at the end of the internship.5.) The employer receives no immediate advantage from the intern in fact the employer may be impeded.6.) The employer and the intern understand that the intern is not entitled to wages during this period.
(http://www.internmatch.com/guides/everything-you-need-to-know-about-intern-compensation)
Topic #2: Structuring your program
How soon to start recruiting
Have a Goal/Project in mind
For Summer Interns:-September 1st – October 15th (Nestle)-January 1st – February 15th (Most banks)-March 20th – May 30th (Most SMBs and startups)
For Fall Interns:Hardest season to fill!-pull from summer program-post in June, July and August.
For Winter/Spring Interns:-September 1st – October 15th
November 1st – November 30th
Define Position Nuts and Bolts
• Length? Typically 3- 6 months long
• Hours? Typically 10-40 hours per week
• Season? Summer you get more attention from a student
Decide on a Manager
• Should love teaching
• Should have plenty of bandwidth to meet with students and throughout the role.
• Nest model—one mentor per intern.
Topic #3: Typical Compensation Levels
Decide on Compensation
• Marketing/Business: $10 - $12.50/hour
• CS $12.50 - $20/hour
• MBA $12.50 - $15/hour
Educational Compensation is worth more than $$$. Learning software (Basecamp, Hootsuite, etc) is huge!
Topic #4: Creating a Standout Posting
Create a posting
Have a Goal/Project in mind
• Pitch company
• Pitch education opportunity
• Detail the role
Use our free template! Got to www.InternMatch.com/guides/gold-standard-internhip-posting
Share it out
• Tweet about it• Send it to rock
star former interns
• Send it on to favorite TAs, professors,etc
Always be Closing
Have a Goal/Project in mind
Interviews:• Sell: Spend first 5
minutes talking up your company and role
• Be prepared: Have a list of questions ready to evaluate the student.
• Review: Extra-curriculars are often more important than grades.
• Follow-up: Setup a time to talk again with the student before making a decision.
• Manage expectations.
Topic #5: Managing Interns
Stay Engaged
Have a Goal/Project in mind
• Meet once a week for coffee
• Tell the student to ask questions
• Set benchmarks/goals for projects
Start on the Right Foot!
• Let students know what they need on the job (bring laptop, wear a suit, etc)
• Email directions to the office and on when to arrive.
• Create an email account for them before they arrive
• Be upfront about office rules and expectations, etc
Have Fun
Have a Goal/Project in mind
• Interns can and should impact your culture
• They come and go but you can have a truly meaningful impact on their future
Interested in Using InternMatch?
Post positions at www.internmatch.com/employers
