We’re more likely to include your opportunity if
Paid Internships: In a paid internship interns must receive at least minimum wage ($8.00 p/h) as well as overtime if their work hours exceed 40 hours within a week.
College Credit Internships: For-credit internships provide students with academic credit and not monetary payment. Each school will have their own process for establishing internships as credit and may require the student to submit a log of hours, keep a blog about their experience, or write a paper at the end of the job.
Only full-time students can work for-credit internships. Recent grads cannot be considered in this category since they are no longer in school. They can only work paid internships.
If you want to offer a College Credit Internship, you must require that credit be received, not make it optional. If the intern isn’t receiving credit or hourly minimum wage, the internship is not legal.
College Credit + Stipend Internships: Credit-stipend internships provide students with a combination of academic credit and a stipend. The stipend is a lump sum of money given to the intern on a periodic basis, or after the completion of the internship. Many times it is offered in the form reimbursements for travel or lunch.
Only full-time students can work College Credit + Stipend Internships. Recent grads cannot be considered in this category since they are no longer in school. They can only work paid internships.
Only full-time students can legally work to receive College Credit or College Credit + Stipend internships and they must receive credit for it to be legal, it cannot be optional.
Recent grads can’t be considered for College Credit or College Credit + Stipend internships because they can’t receive academic credit and must be paid hourly and for overtime (more than 40 hr/wk).
If your relationship with an intern meets all of the six criteria according to the Fair Labor Standards Act (FLSA), an employer can then offer a College Credit or College Credit + Stipend internship.
In our experience, employers who offer paid internships experience:
higher traffic to their job listings
more applicants (twice the response rate as credit/credit + stipend internship)
applications of higher quality than those submitted to unpaid opportunities
the opportunity to select interns from a larger and more qualified pool
geographically diverse intern programs
wages help to defray costs of commute and in some cases, rent, for students who relocate for the summer to work with your company
Hiring the best intern or employee for your company is extremely important. There’s stiff competition out there for top talent, and writing a standout job description is essential toward attracting the right individuals.
We want to connect you with the best candidate to fill your needs, so we suggest including the following details in your listing:
Questions? Email hello [at] findspark [dot] com for more information or clarification.