Spotlight Online for Employment and Recruiting Professionals, May 26, 2010
The most commonly offered benefits to interns and co-ops are planned social activities, paid holidays, and counting experiential education work time as service time if hired for a full-time position, according to employers responding to NACE’s 2010 Internship & Co-op Survey.
Following are the top five benefits offered to interns and co-ops:
Benefits for interns
- Social activities (62 percent of respondents)
- Paid holidays (41 percent)
- Service time (31 percent)
- 401(k) (17 percent)
- Medical (8 percent)
Benefits for co-ops:
- Social activities (47 percent of respondents)
- Paid holidays (45 percent)
- Service time (40 percent)
- 401(k) (19 percent)
- Vacation time (16 percent)
It’s also important to note that 22 percent of intern employers and 34 percent of co-op employers offered no benefits to their experiential education hires.
The survey, conducted January 11 – March 5, 2010, garnered responses from 235 organizations.
NACE’s 2010 Internship & Co-op Survey report is now available. (Participants received a complimentary copy of the report.) Get selected highlights from the survey here.