When school lets out for the summer, college students aren’t heading to the beach, but to the boardroom.
Sixty-one percent of students will have a
“Internship programs have always been a long game strategy for companies to build a talent pipeline,” says Annie Rosencrans, director of people and culture at workforce management platform HiBob. “The goal, regardless of whether they're doing in-person internships or remote or hybrid, should always be to build a fulfilling experience for young talent, and generate enough excitement about the future of the company that they'll want to come back after they graduate.”
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Top employers like Facebook, IBM, PwC and Google typically hire between 70-90% of their summer interns, the National Association of College and Employers found. These talent pipelines pay off: employees who were previously interns have higher retention rates and higher starting salaries than those who did not intern.
As employers continue to navigate the Great Resignation, interns can be a vital resource for filling talent gaps, Rosencrans says. But ensuring your