What Unpaid Internships Say About Your Company
blogs.hbr.org
blogs.hbr.org
I did it because I needed to pad my resume. But it didn't make me want to come back and work for the company, or sing their praises to my classmates.
I don't know about that. I think it's more impressive myself to see that someone worked his or her way through school than to see tons of extracurricular activities. In fact, unless they're professionally relevant, extracurricular activities don't rank very highly at all on my list of things I'd like to see on a resume.
Edit: Of course, I should add, I don't work for a major corporation, either.
On the other hand, there are a lot of intangible benefits to be had by paying your own way through college; benefits that will never be recognized by those born with a silver spoon in their mouths.
In other words, I don't see this as a fundamental problem. It's just the way it is.
2. You're helping establish a new generation of relevant workers by offering them meaningful experiences instead of typical summertime opportunities such as burger-flipping or lawn-mowing. Your internship is about their future, a typical summertime job is nothing more than "spending money"
3. You're allowing yourself to fully evaluate a potential employee's abilities.
My career began with an internship (over 20 years ago), which I always value as having been a springboard for my career.
Where did you stay while you were interning? How were your living expenses paid for?
Your interpretation seems as though something is being imposed on someone, and some social injustice is being committed. Unpaid internships have advantage for the employer, and for the intern. That there are some people who can afford to invest their time and effort more so than others is not the fault of the employer, or of the intern who has the means. Nobody in this being is treated favorably, and nobody is being denied.
Life isn't inherently equal and fair. People with 'advantage' (meaning wherewithal and means) and will use it, and should.
The company isn't investing (after all, they're not paying). 'tis the intern investing in his or her own career -- as it should be!
The company is more concerned with if _they_ like _you_. The reward for the intern is experience, and maybe a future position.
Absolutely. As a college student, I would have been happy with a low wage; I didn't need to support myself with the internship income. But after working half the day somewhere, it would have been nice to have a few bucks for a meal, and made it feel less like slave labor.
Mostly it would have been the symbolic value, though. The statement that "you're worth hiring, and we're better off for having you here."
Updated: Yes, sometimes...i read the rest of the article.
The full list (linked from the article) is here: http://www.theeagleonline.com/news/story/new-study-raises-qu...
I think that's the most important point. The six point test is important, but its so vague that it can give people a false sense of safety.
From the linked NYT article:
"'If you’re a for-profit employer or you want to pursue an internship with a for-profit employer, there aren’t going to be many circumstances where you can have an internship and not be paid and still be in compliance with the law,' said Nancy J. Leppink, the acting director of the department’s wage and hour division. "
I would think that would be pretty impossible to conform to no matter how you structured the intern's day/tasks. Unless you simply provided them a desk in which to study, or worked and let them observe with no interaction I would think sticking to this rule would be difficult.
Although it's definitely true that by offering money and/or other perks, the company would get better candidates. Think about how easily Google can choose the best engineers, based on their reputation as an awesome place to work. Now think how much lower a college student's standards are for what's awesome - they've probably never made real money. "They buy you lunch every day" would count as awesome, and doesn't cost much.
"They review your work with you every week and help you improve, then write you a good recommendation" would be even better for highly-motivated students.
If a company became known as the coolest place for students to work, they'd be able to pick the best students for their internships, and those students would be more likely to come back to work there, or recommend good people to work there, after they graduate.
$BIG_WALLst_COMPANY will only employ people who have done an internship on Wall St.
This means that all Wall st $BIG_COMPANIES can offer unpaid internships because they have a $$$ value to you. And compared to the $$ cost of going to Harvard/Yale (the only other requirement for Wall St) it doesn't really matter.
If a student thinks that the $1000/month they could be earning in a paid internship doing web design in Idaho has more value they are probably wasting their tuition anyway.
I'll also add that my cousin is a global controller for a relatively small (I guess?) hedge fund on Wall Street and he cut his teeth working a job during college. Also, he went to Ohio State.
In Computer Science, at least, you will not be taken seriously unless they are paying you (by them or any other company).
And again, going beyond that, my friends who are working on Wall St. (CMU kids) are being paid.
Unpaid (and poorly paid) internships are for suckers.
Indeed. I very recently checked with my friend who runs MIT's EECS undergraduate program and she said that all their internships are paid.