The $100 MBA Show MBA2303 Should You Hire Interns? + Free Ride Friday
Thinking about bringing interns into your business? Free labor has its upsides — but also its disadvantages. Even if you’re paying nothing, both parties in an internship need to get an ROI.
So when do interns make sense? It all depends on what your business needs, and what role the intern is fulfilling.
Some work, anyone can do. Other work requires the kind of skill, experience, or credentials that are always worth paying for. On top of that, no intern is truly “free” in the sense that your business will invest time and resources into them, even if it’s just to show them how to do the grunt work.
And of course, an intern can always become a real-deal hire — but only if you approach it correctly.
Today, we discuss where the internship opportunities might be in your business. If you’ve got a role that someone new to the game can grow into, internship may be a strategically sound option to give someone a way in.
Weigh the pros and cons, and make the choice that’s best for your business. Click Play!
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