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One of the ways to effectively scout candidates for a job position is having an internship program, which is why companies provide internship programs. It’s a hassle to find people to do the job and only to find that they’re not cut out for the job.
However, internships can be a useful avenue to do a trial run on prospective talents without having to officially onboard an employee. Even so, you still need to pay your interns properly. Here are some of the reasons why you should compensate interns:
1. Follow The Laws
Legally, you should really be compensating your interns. It’s part of the labor laws that interns must be financially compensated at least minimum wage. As Adam Smith says, there’s no such thing as free lunch. If your company wants the services of an intern, you need to pay them for it. So, avoid any violation of labor laws by paying salary to your interns.
On the other hand, if you can’t financially pay them, you can give them goods in exchange for their services. You can also provide a stipend for interns.
Essentially, don’t let your interns work for free. Give them something in exchange for what they contribute to your company. Otherwise, you might start facing lawsuits and litigation that’ll cost your company money.
2. Improve The Company’s Reputation
Financially compensating your interns will not only benefit your interns, but it’ll also benefit you as well. Giving what’s due to your interns says a lot about your company. Your company will be thought of as one that looks out for their employees–even their interns.
In addition to that, making sure that your interns are happy will build good rapport for the company. After this internship, your interns will be going back t… Read More
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