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Maximize Your ROI:

Maximize Your ROI:. Return on Intern . . . f or Entrepreneurs. Sean McKinniss, Program Manager. About NOCHE/NEOintern.net. Northeast Ohio Council on Higher Education is a consortium of area businesses and higher education institutions

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Maximize Your ROI:

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  1. Maximize Your ROI: Return on Intern . . . for Entrepreneurs Sean McKinniss, Program Manager

  2. About NOCHE/NEOintern.net • Northeast Ohio Council on Higher Education is a consortium of area businesses and higher education institutions • Mission: Mobilize these communities to fuel regional growth and collaboration • Core areas: Public Policy and Talent Development • NEOintern.net is a free database for employers and students

  3. Today’s Topics • Benefits and myths about internships • Resources to find, manage, and maximize the return on your intern(s) • Programs that can reduce cost of internships

  4. Why Internships Matter • Try before you buy • Cost savings • $454/intern compared to $2100/recruit • Fresh, innovative perspectives • Productivity boost • Increased job acceptance and retention • 53.3% of eligible interns convert to FT • 86% of interns on the job after one year • Regional economic gain

  5. Myths about Interns and Internship Programs • I can’t have an intern because I’m the CEO, CFO, COO, PR person, and webmaster all rolled up into one! • No one in the company will supervise • Too much time to recruit and train • They cost a lot • NEOintern’s average wage is $11.50 • They only make copies and brew coffee

  6. Finding Interns • NEOintern.net • Career fairs • Faculty members • Campus visits

  7. Managing Interns • ROI Workshops (www.noche.org/124) • Guide and workbook available for purchase • NACE (www.naceweb.org) • Peer coaches

  8. Bottom Line Impact • Have interns do real work • Train for full-time positions • Participate in reimbursement programs • EIP (50% of an intern’s wages up to $500) • Third Frontier

  9. Sample Internships and Industries

  10. Questions?

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