Summer Internships – Impact Report
Article by IHE Staff Paul Fain stated this: More than one-third (35 percent) of U.S. college students who accepted summer internships have learned that the internship was canceled, and 24 percent have been told their internship will be virtual. Among employers that canceled summer internships, 64 percent offered no compensation for those cancellations.
Those were the top-line findings of a new survey of 900 current college students, conducted by Yello, a staffing platform.
College students were sympathetic to employers about the impact of the pandemic on internships, with 70 percent of respondents saying they’re disappointed but understanding of the situation. Students who have been offered a virtual internship reported worries that the experience won’t be as good, that they won’t be able to prove their value to land a full-time job and that they won’t be able to meet their co-workers in person.
“We remember how difficult the 2008 recession was for both employers and student job seekers, and we know that the COVID-19 outbreak poses similar challenges,” Jason Weingarten, Yello co-founder and CEO, said in a statement. “The good news is that today’s technology makes hiring, onboarding and remote work easier than ever before. As companies big and small consider internship next steps, we encourage them to adapt by offering remote options rather than canceling internships altogether.”
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