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Should I Hire an Intern?

Being a small business, we understand the demands of trying to grow a company on a tight budget. Hiring an intern can be perfect for helping grow business, as well as some other unexpected benefits.

If you have never thought of interns as a value add to your business, here are a few reasons why you should probably start investing in them.

They Are In Supply

The Australian labour market is currently over-saturated. There are numerous graduates coming out of university with great CVs, yet unable to get a foothold in the job market. An internship is not only a step towards solving our national job problem; it also provides you with an invaluable resource, and these graduates the opportunity to better their resume and gain insight into a specific industry.

Fresh Perspectives

Coming straight out of university, interns often have a go-getter attitude. They step into any role, naïve and full of possibilities because they are excited about the new opportunities given to them. This mentality allows them to look at problems with a fresh set of eyes, and offer your business perspectives on strategy and marketing that you’ve never considered.  More importantly, the energy and positivity they exude coming to work will definitely add to the culture of your company!

FREE Advertising

One of the most valuable things you can do for your business is word of mouth advertising. If you are a business that is genuinely willing to invest in your intern and offer him/her exciting opportunities, they will actively advocate for your brand and share it with friends and family. This provides your business priceless advertising, without a hefty price tag attached.

Kickstart Your Ideas

If your business is constantly generating new ideas, but lacks the resources to kick-start them, an intern is a viable solution! Give them side projects alongside their daily work and you will be pleasantly surprised by what they come up with. This not only allows you to focus on the growth of your business currently but provides you access to a portfolio of well-researched strategies and ideas for the future.

Other Practical Tips

If your business is serious about taking an intern on board, do remember to be upfront and transparent about whether remuneration will be provided. Finally, ensure that you there is someone in the business with sufficient time to mentor and guide them so that the arrangement is beneficial to everyone!

Author:

All the thoughts, ideas and musings from the Moula team! Covering everything from work/life balance to general finance tips plus everything in between!

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