Internship compensation – does it pay?
Unpaid internships are a hot topic right now in light of the recent slew of compensation-based class action lawsuits. And with only 36.9% of companies still offering interns less that minimum wage or no compensation at all, it’s clear that relying upon unpaid interns is more damaging than many employers assume. (Infographic)
How might that “free” extra set of hands leave you paying a price? Take a look at the following infographic, compiled byInternMatch, an online platform connecting the best intern candidates and employers. It showcases several key intern compensation facts, as well as implications for employers. For example:
• 48% of internships accepted by the Class of 2013 were unpaid
• 41% of paid interns weren’t paid enough to cover basic daily expenses
• 65% of students relied on financial assistance from parents during their internships
• 63% of paid interns subsequently received at least one job offer
Whether you’re an intern or an employer, there’s a message here for you. Check out the full infographic.
What do you think? Should unpaid interns fight back against employers to recover unpaid wages and overtime?
Via Talent Culture