Ft Wayne Internsips Employer Presentation


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A presentation to employers about an internship program in Ft Wayne, IN

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Ft Wayne Internsips Employer Presentation

  1. 1. Greater Fort Wayne Chamber of Commerce Workforce Development Division
  2. 2. <ul><li>Purpose </li></ul><ul><li>To create or formalize internship programs for area businesses through employer contacts </li></ul><ul><li>To assist with student registration for internships </li></ul><ul><li>To inform local high school and university partners of internship opportunities </li></ul>
  3. 3. <ul><li>About </li></ul><ul><li>The Graduate Retention staff of four field representatives and a program manager contact employers in ten + counties in Northeast Indiana </li></ul><ul><li>We assist employers in identifying and advertising project-based, real life internships to students </li></ul>
  4. 4. What We Do High school and college partners receive “intern alerts” from the Graduate Retention staff when local businesses post internship opportunities on the statewide internship site: http://www.indianaintern.net/home.asp We work to inform students of internship opportunities through career service departments, internship coordinators, job fairs and career expos
  5. 5. Partners <ul><li>Greater Fort Wayne Chamber of Commerce </li></ul><ul><li>IPFW, Indiana Tech, Ivy Tech, Taylor University (FW & Upland), and the University of St. Francis </li></ul><ul><li>IndianaINTERN.net </li></ul><ul><li>Lincoln Financial Group Foundation </li></ul><ul><li>Northeast Indiana Chamber Coalition </li></ul><ul><li>Olive B. Cole Foundation </li></ul><ul><li>English Bonter Mitchell Foundation </li></ul><ul><li>Olin B. and Odesta Schwab Foundation </li></ul><ul><li>Waterfield Foundation </li></ul>
  6. 6. Why Offer Internships? <ul><li>Reduce recruiting costs: </li></ul><ul><ul><li>Surveys of employers show one-third to one-half of internships lead to full-time employment. </li></ul></ul><ul><ul><li>Employers can save 100 percent in recruiting costs (estimated at 20% of starting salary). </li></ul></ul>
  7. 7. Why Offer Internships? <ul><li>Increase in tax base: </li></ul><ul><ul><li>More internships equal more full-time employment opportunities which has an impact on the tax base. </li></ul></ul><ul><ul><li>Newly created full-time positions represent new income to the area, and thus new taxes for local and state governments. </li></ul></ul>
  8. 8. Internship Benefits <ul><ul><li>Unfinished projects can be completed. </li></ul></ul><ul><ul><li>Employers observe how a student fits into a company’s culture. </li></ul></ul><ul><ul><li>Employer can evaluate work ethic, personality, and education before deciding on a direct hire. </li></ul></ul><ul><ul><li>Company mentors can train students for future full-time positions. </li></ul></ul>
  9. 9. Long Term Benefits <ul><li>By hiring interns, the employer can: </li></ul><ul><ul><li>Get a jump on getting students up to speed—you already know them, and they know how you work </li></ul></ul><ul><ul><li>Have confidence in demonstrated skills </li></ul></ul><ul><ul><li>Develop continuity of experience and contact </li></ul></ul><ul><ul><li>Reduced recruiting and training costs </li></ul></ul><ul><ul><li>Retain talent in Northeast Indiana. </li></ul></ul>
  10. 10. “ Brain Drain” Study <ul><li>According to Indiana’s Strategic Economic Development Plan, Accelerating Growth, 2006 </li></ul><ul><li>45% of Indiana public post-secondary graduates leave the state after graduation </li></ul><ul><li>Indiana exports 1/3 more graduates than it imports or retains </li></ul><ul><li>Hoosiers age 22 – 28 are six times more likely to emigrate than Hoosiers 29 - 36 </li></ul><ul><li>Also: by 2012 for every two workers retiring, only one NEW worker will be added to the workforce </li></ul>
  11. 11. Indiana <ul><li>Migration </li></ul><ul><ul><li>30,369 freshman enrolled at an Indiana college </li></ul></ul><ul><ul><li>Out of those freshman, 4,243 left the state after freshman year </li></ul></ul><ul><ul><li>In other words 43% of Indiana’s freshman left Indiana to go to college elsewhere! </li></ul></ul><ul><ul><li>Indiana ranks 4 th in the US for net freshman migration </li></ul></ul><ul><li>STATS Indiana. States IN Profile. 2004. http://www.stats.indiana.edu/sip/edu/edu_all_18.html 1/21/08 </li></ul>
  12. 12. Indiana <ul><li>Ranks 11 th for producing graduates with bachelor’s degrees. </li></ul><ul><li>Ranks 46 th per capita in the number of adults over age 25 with a bachelor’s degree or more (44 th in the percentage). </li></ul><ul><li>Census Bureau, 2002 </li></ul>
  13. 13. Indiana <ul><li>Indiana had a net loss of 17,105 college educated 25-34 year olds who left the state between 1995 and 2000. </li></ul><ul><li>The largest net loss in nation </li></ul><ul><li>Where they go: </li></ul><ul><ul><li>Florida, Illinois, California, Ohio, Michigan, Kentucky, Texas, Tennessee, Arizona, Georgia. </li></ul></ul><ul><li>Census Bureau </li></ul>
  14. 14. Graduate Retention Program Goals <ul><ul><ul><li>To increase the quality and quantity of internships in an effort to attract, retain, and gain college students </li></ul></ul></ul><ul><ul><ul><li>Connect interns to employers and retain talent </li></ul></ul></ul>
  15. 15. Long Term Strategies <ul><li>Provide internships for every interested student </li></ul><ul><li>Educate faculty on area business community </li></ul><ul><li>Encourage student loan forgiveness </li></ul><ul><li>Support legislation for college tuition tax credits </li></ul><ul><li>Develop strategies to encourage alumni to return to Northeast Indiana </li></ul>
  16. 16. Graduate Retention Program Plugging the brain drain starts with your organization! Call 260-424-1435 Kay Anthony, Program Manager Thank You!