Marie paid internships thursday

Paid InternshipsHow to Get ‘em,How to Keep ‘em

2008 Summer InstituteThursday, July 102:00 – 3:15 p.m.

Presented by:Yvette Furlonge, AVP, Human Resources,

Bank of New York MellonLaura Fidler, Project Manager

Charlie Katz, Director, Advisory Board DevelopmentMarie Segares, Partnership Manager

National Academy Foundation

Agenda

• Internships – A Business Partner’s Perspective • Paid Internships Defined• How to Get ‘em• How to Keep ‘em• Internship Toolkit• Wrap Up, Q&A

Paid Internships

• A Business Partner’s Perspective

Paid Internships Defined

• “Quality” internship• 100% of “eligible” students• Creativity and flexibility

– Alternatives to the “model”• Unpaid internships - being creative with “pay”• Competing with free college internships• Internship curriculum• When do you start, and why• Internship Toolkit

Competing with “Free” Internships• Our students are typically from lower socio-

economic groups and NEED the money• Students (and all others) are motivated by being

compensated for their efforts• Students have the “ah-haa” moment when they

see how they are compensated for what they know

• Employers’ expectations and students’ output and productivity are raised when compensation is involved

• “Free” internships continue to foster this country’s “caste system”

How to Get ‘em

• Advisory Board members• Internship committee• Chamber of Commerce• Service clubs (Kiwanis, Rotary, etc.)• Professional associations• Small business opportunities• NAF alumni• 10th grade unpaid experience (“try before you

buy”)• Other?

How to Keep ‘em

• Reward and recognition

• Involvement during year

• Asking again - early (business budget cycle)

• Other?

Internship Toolkit Online

• www.naf.org• Internship Toolkit• Director section• Employer section• Student section• Reference in curriculum• Reference to “employability” skills

Questions?

Contacts

Yvette Furlonge, AVP, Human ResourcesBank of New York [email protected]

Laura Fidler, Project Manager, [email protected]

Charlie Katz, Director, Advisory Board Development, [email protected]

Marie Segares, Partnership Manager, [email protected]