paid internships 2008 institute
DESCRIPTION
TRANSCRIPT
Paid InternshipsHow to Get ‘em,How to Keep ‘em
2008 Summer InstituteThursday, July 102:00 – 3:15 p.m.
Presented by:Yvette Furlonge, AVP, Human Resources,
Bank of New York MellonLaura Fidler, Project Manager
Charlie Katz, Director, Advisory Board DevelopmentMarie Segares, Partnership Manager
National Academy Foundation
Agenda
• Introductions• Internships – A Business Partner’s Perspective • Paid Internships Defined• How to Get ‘em• How to Keep ‘em• Internship Toolkit• Wrap Up, Q&A
Paid Internships
• A Business Partner’s Perspective– Readying a new generation– Real world experience– Return on investment
Paid Internships Defined
• “Quality” internship• 100% of “eligible” students• Creativity and flexibility
– Alternatives to the “model”• Unpaid internships - being creative with “pay”• Competing with free college internships• Internship curriculum• When do you start, and why• Internship Toolkit
Competing with “Free” Internships• Our students are typically from lower socio-
economic groups and NEED the money• Students (and all others) are motivated by being
compensated for their efforts• Students have the “ah-haa” moment when they
see how they are compensated for what they know
• Employers’ expectations and students’ output and productivity are raised when compensation is involved
• “Free” internships continue to foster this country’s “caste system”
How to Get ‘em
• Advisory Board members• Internship committee• Chamber of Commerce• Service clubs (Kiwanis, Rotary, etc.)• Professional associations• Small business opportunities• NAF alumni• 10th grade unpaid experience (“try before you
buy”)• Other?
How to Keep ‘em
• Reward and recognition
• Involvement during year
• Asking again - early (business budget cycle)
• Other?
Internship Toolkit Online
• www.naf.org• Internship Toolkit• Director section• Employer section• Student section• Reference in curriculum• Reference to “employability” skills
Questions?
Contacts
Yvette Furlonge, AVP, Human ResourcesBank of New York [email protected]
Laura Fidler, Project Manager, [email protected]
Charlie Katz, Director, Advisory Board Development, [email protected]
Marie Segares, Partnership Manager, [email protected]