College students selected for an internship this summer have a good chance of staying on as employees.
Faced with a critical shortage of skilled workers, some American companies are creating their own skilled workforce through internships. A recent survey of hiring decision makers shows that 44% plan to offer internships in 2022, and 94% are likely to hire interns as part-time or full-time employees thereafter.
The Harris Poll commissioned by Express Employment Professionals also notes that 84% of companies will pay interns for their time.
In Texas, Nancy Reed, owner of the Express franchise, said welders were in short supply in her area due to competition for talent in the oil industry in the central part of the state. To combat this, local employers have created a welding internship to provide on-the-job training for new graduates.
“I hope this will encourage them to stay locally instead of leaving for higher paying jobs,” Reed said.
Keeping talented young people in Oklahoma City is one of the goals of the Inasmuch Foundation Community Scholarship, said Sarah Roberts, vice president of programs at Inasmuch.
The program places 20 fellows in various nonprofit organizations each summer, but also enrolls them to participate in the Greater Oklahoma City Chamber’s InternOKC program so they can network with more than 300 peers from various industries.
Fellows also spend three days exploring the city through visits to museums and Riversport.
“There are some really great things about Oklahoma City,” said Perrin Duncan, who in 2014 worked at the Oklahoma City National Memorial & Museum. She has edited images that visitors see on touch screens throughout the museum.
Duncan, who studied and worked abroad for a few years, returned to Oklahoma City in part because of the connections and perspective on the city she gained through the scholarship.
She was recently hired by the Arnall Family Foundation. His work as a special projects manager focuses on criminal justice reform, welfare and youth justice and homelessness.
“I didn’t realize how important it was (brotherhood) at the time. Now it’s so amazing to build on what I’ve learned from that,” Duncan said.
Roberts said Inasmuch began hiring one or two interns each year in 2006 and eventually provided several more interns to other nonprofits.
Three years ago, Alta Price was hired as a Program Officer and took the Community Scholarship Program to the next level. Today, 20 fellows are selected each year – five work for journalism nonprofits and the other 15 work for other nonprofits.
Roberts said demand is growing. Insofar as provides the stipend to pay fellows and covers the costs of integration, non-profit organizations have no financial obligation. The suggested hourly rate was just increased from $12 to $15 in response to pandemic and inflation concerns, she said.
“With the job market, we have a lot more nonprofits that want interns than we can help,” Price said. Those they can help are happy with the support.
Every nonprofit needs something a little different, so fellows can expect to perform a wide range of duties depending on the placement, she said. Students who apply are interesting in finance, law, communications, and many other fields that they learn have a place in nonprofit work.
The program is for freshmen and sophomores who have more schooling ahead of them because the nonprofits they are assigned to cannot afford to hire them when the scholarship ends. Still, many program alumni returned to Oklahoma City after graduation to work in nonprofits and businesses, Roberts said.
According to Express Employment International CEO Bill Stoller, early work experience is invaluable and the transfer of knowledge between experts and younger generations is even more important with baby boomers retiring in droves.
“With a slew of internships and apprenticeships expected to be offered by companies this year, those looking to break into new areas should jump at the chance to add some real-world experience to their CV and an edge. over their competition,” Stoller said.