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  • Social Activities the Top Benefit Offered to Interns/Co-Ops

    April 29, 2019 | By NACE Staff

    Internships
    A group of interns socialize together.

    TAGS: internships, surveys, spotlight, co-ops

    Spotlight for Recruiting Professionals

    Planned social activities and paid holidays top the list of the benefits employers most commonly offer to their interns and co-ops, according to NACE’s 2019 Internship & Co-op Survey Report.  

    These are among the least expensive benefits for employers to offer. Interestingly, however, even though paid holidays are still a relatively commonly offered benefit—provided by half of responding organizations—they have dropped nearly 30 percent for interns and nearly 13 percent for co-ops from just two years ago. (See Figure 1 and Figure 2.)

    In last year’s survey, responding employers dropped some of the more costly benefits they had provided to interns and co-ops, including medical insurance and company-matched 401(k) plans. Respondents to the current survey increased these offerings to co-ops.

    Data for the 2019 Internship & Co-op Survey Report were collected from December 3, 2018, to February 22, 2019, from NACE employer members; there were 262 respondents representing 28.2 percent of all eligible respondents. The report will be available later this spring.

    Figure 1: Select benefits offered to interns: 2017-19

    Benefit 2019 2018 2017
    Planned social activities 88.9% 84.2% 84.6%
    Paid holidays 49.7% 52.0% 76.9%
    Company-matched 401(k) plan 25.7% 26.0% 50.0%
    Medical insurance 17.5% 17.9% 48.1%
    Tuition reimbursement 4.7% 4.6% 11.5%
    Scholarships 7.6% 6.6% 5.8%
    Source: 2019 Internship & Co-op Survey Report, National Association of Colleges and Employers

    Figure 2: Select benefits offered to co-ops: 2017-19

    Benefit 2019 2018 2017
    Planned social activities 85.7% 85.3% 82.9%
    Paid holidays 60.4% 60.8% 73.2%
    Company-matched 401(k) plan 33.0% 26.5% 46.3%
    Medical insurance 26.4% 21.6% 53.7%
    Tuition reimbursement 8.8% 8.8% 12.2%
    Scholarships 6.6% 6.9% 4.9%
    Source: 2019 Internship & Co-op Survey Report, National Association of Colleges and Employers