Definition of Internship:
Internships are training programmes for students to help them gain hands-on, professional experience in the career field of their choice. Students get to learn about their choice of work, and become adept at the skills, even before they join the workforce.
For employers, it is a great way to analyse the expectations and goals of the future workforce. It helps bring new ideas to the table, fostering innovation at the workplace.
Why is Internship important for students?
- Learn if they have made the right choice: Students get to know about the field of work up close. They gain industry knowledge, work with professionals, and can see if it matches their expectations. They can decide if that’s something they want to pursue.
- Gain hands-on professional experience and industry skill set: Experience is the most sought after asset when looking for jobs. With internships, students learn the skills that the industry is looking for, get a sense of achievement and can include the professional experience on their resume.
- Networking and mentoring by professionals: You work alongside professionals who will supervise and mentor you and help you reach your professional goals. It is a great way to connect with industry veterans who can advise you and help you grow in your career.
- Helps you stand out from other job applicants: The industry skill set and the experience you gain along with the connections you make can help you immensely in landing the dream job.
- Gives financial independence: Interns don’t have to worry about earning money. Many companies provide paid internships, helping you earn money even before getting a full-time job.
What are the benefits of internship for employers?
- A great place to look for future employees: Internships let you know the skill set of the future workforce. It tells you what kind of employee program you need to develop for the future employees. It can also be a testing ground for employers to see which employee is better fit for your organization, thereby avoiding bad hires.
- Save time and money on onboarding: It saves time and money on onboarding new employees, as interns are familiar with your organizational culture and policies.
- Bring fresh perspective to the workplace: Students come with fresh ideas and enthusiasm that can help your organization stay updated.
- Can take the load off on regular employees: Interns can take care of all the lower priority tasks, while your employees can focus on more important ones.