• Internship & Co-op Survey: Employer Benefits and Relocation Assistance

    Spotlight for Career Services Professionals
    Spotlight for Recruiting Professionals
    May 14, 2014

    Nearly 83 percent of employers responding to NACE’s 2014 Internship & Co-op Survey report plans to offer some form of benefits to their interns in 2014, while more than 75 percent of employers will offer benefits to their co-ops.

    The most common benefits employers offer to both interns and co-ops are service time, paid holidays, and social activities. (See Figure 1.)

    Meanwhile, 55.0 percent of employers are planning to provide relocation assistance to interns in 2014, and 44.1 percent anticipate offering it to co-ops. Overall, the median dollar amount allotted to individual intern and co-op students is $1,500.

    The most common components of relocation assistance programs include housing stipends and moving allowances. (See Figure 2.)

    NACE’s 2014 Internship & Co-op Survey was conducted from November 18, 2013, through January 24, 2014. The survey was sent to 1,116 NACE employer members: 264, or 23.7 percent, took part. The survey report is available at www.naceweb.org/surveys/internship-co-op.aspx.

    Figure 1: Benefits provided to interns and co-ops

    Benefit Percentage of Respondents Offering the Benefit to Interns Percentage of Respondents Offering the Benefit to Co-ops
    Dental 9.5% 9.6%
    Service Time 31.2% 36.0%
    401(k) 21.7% 23.7%
    Medical 10.9% 12.3%
    Paid Holidays 44.3% 50.9%
    Social Activities 69.7% 52.6%
    Scholarship 6.8% 7.0%
    Tuition Reimbursement 4.1% 4.4%
    Vacation 12.2% 16.7%
    No Benefits 17.2% 24.6%

    Source: 2014 Internship & Co-op Survey, National Association of Colleges and Employers

    Figure 2: Relocation assistance provided to interns and co-ops

    Relocation Assistance Benefit Percentage of Respondents Offering the Benefit to Interns Percentage of Respondents Offering the Benefit to Co-ops
    House Hunting 7.8% 11.1%
    Housing Stipend 53.4% 46.7%
    Moving Allowance 42.2% 42.2%
    Provide Housing 27.6% 13.3%
    Set Allowance 22.4% 24.4%

    Source: 2014 Internship & Co-op Survey, National Association of Colleges and Employers


Internship & Co-op Survey: Employer Benefits and Relocation Assistance