Top 5 business internship myths

Most managers carry general misconceptions about internship programs, but, by applying thoughtful planning and the right tools, they can realize their full potential. Z University.org (ZU), a leading advocate of workforce readiness and innovator of internship management solutions, has identified a "top five" list of myths that organizations need to eliminate to get the greatest returns from an internship program.

Matthew Zinman, president of Z University.org, says that the "Top Five Myths About Internships" are fueled by managers who believe that:

1. They don't have the time to have interns
Quite the contrary. A five-year study by ZU on student productivity demonstrates that a single supervisor can gain up to 225 full work days of productivity in a calendar year simply by managing interns instead of completing work tasks themselves.

2. Having interns is too much work for too little in return
Properly managed internship programs reap significant productivity benefits by freeing high-level employees from time-consuming tasks.

3. Finding good interns is a crapshoot
By applying the proper recruitment techniques, managers will learn how easy it is to attract the right individuals.

4. Internship programs are only for larger companies
"This couldn't be further from the truth," notes Zinman. By removing barriers, "a company of one can do it."

5. They can't have interns without office space with phones and computers

Again, not true, Zinman maintains. "With all due respect to the organizations with world class programs, most employers either don't know what they're doing, don't have the tools to do it right, or – in most cases - simply don't realize what they're missing," states Zinman.

Voice of the Editor

Results from a recent AICPA survey disclosed the two top priorities for CPA firms as they plan for the future: bringing in new business and finding talent. Our goal at Sift Media is to help our readers deal with the issues most important to them. One way in which we are doing this is through the launch of our new recruitment/placement service, Going Concern Jobs. Check it out today for your talent needs.
ADVERTISEMENT

This Week on AccountingWEB

Brian Fox, CPA, founder and CMO of Confirmation.com, explains how the company's electronic audit confirmation service helped the FBI uncover a $6 million fraud scheme.
Russ Wilson of Moss Adams talks with us about the firm's collaboration with WWU in educating and developing talented accounting and business professionals.
Plante Moran CPAs Gordon Krater, Alicia Sturtevant, and Susan Perline spoke with AccountingWEB about the firm's Women in Leadership initiative.
Jeff Thomson, CMA, president and CEO of the IMA, talks with us about the 2013 jobs market for accounting professionals.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT