Employers within the Private sector and larger organizations are often more likely to provide internships that offer a form of salary, monthly stipend or bulk payment at the end of an Internship placement.
Paid internships provide an excellent way for employers to evaluate the future possibility of fulfilling their staffing requirements through the interests, talents, and educational pursuits of an intern they have worked with previously. Often, such paid placement opportunities level the playing field, allowing applicants who may otherwise be unable to accept a non-paid position they may be qualified to meet. Paid opportunities offer all individuals who may be interested, the advantage to present their skills, qualifications, and knowledge without financial worry being a strong or deciding factor.
Internships that are paid usually present a larger level of competition for applicants, particularly if located in cities where there are often more applicants actively seeking highly sought after placements. Usually the scope of duties attached to such paid placements are well suited to College students and often these placements take place during summer or winter periods to coincide with student and school schedules.
Like most internship opportunities, the availability of a wide selection of positions for individuals to gain strong work experience and build a stronger Resume are reasons paid internships are so highly sought after. Well-known and established businesses, firms, and organizations not only offer the ability to add some very strong skill sets to the interns Resume and academic credentials but often include a level of prestige also.
Paid internships usually allow businesses and their staff to work with interns as an integral part of the team, fostering a stronger tendency for Supervisory or managerial heads to delegate duties directly related to building intern skills and experience rather than simply offering only mundane or irrelevant duties that benefit neither the intern nor employer.
Internships that pay are usually in keeping with local prevailing wage tables, which often allow employers the opportunity to evaluate the best candidates available who in turn could possibly become future successful employees within the company.
Interns who receive pay often return to complete more than one internship period with the same company and a large percentage of return interns often find full-time employment within the company they have been involved with successfully in the past.