Offering a paid or unpaid internship can be beneficial for employers in any industry, allowing companies to recruit talent, increase productivity and gain fresh insights while providing mentorship and leadership for a young worker.
But summer interns may increase the risk of employee lawsuits.
"Just because you have an extra cubicle or computer doesn't mean you're ready to hire an intern," says Roy Tyson, worldwide deputy employment practices and fiduciary product manager for the Chubb Group of Insurance Cos. "Before you bring an intern on board, make sure your company has a formal internship plan and that it complies with federal and state regulations."
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