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

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.
ADVERTISEMENT

This Week on AccountingWEB

CPAs Mira Finé, Scott Hitchcock, Rob Keasal, Kathy Scorcio, and Ken Travis offer ten pieces of financial advice for the newest Powerball winner.
Hang Bower of BDO USA and Dan Black of Ernst & Young share their perspectives on why their firms made the Best Places to Work for Recent Grads 2013 list.
Herbein + Company, Inc. firm members talked with AccountingWEB about their year-round employee wellness program.
Bill Walter of Gross, Mendelsohn & Associates and Harold Gaar of TravisWolff LLP weigh in on mobile technology use while employees are at work.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT