Paid intern is effectively just a job title, like engineer or receptionist. Paid interns are W-2 employees with the same protections as your other employees, and laws like the Fair Labor Standards Act FLSA and state wage and hour laws, among others, apply to paid interns—that includes such protections as meal and other breaks, and overtime wages, if applicable. Paid interns are W-2 employees with the same protections as your other employees.
There are two exceptions under the ACA to keep in mind for paid interns: seasonal employees, and employees who work less than 30 hours per week.
If your company hires interns during the summer season only, for example, such employees may fall under the seasonal employee exception, which generally permits employers to exclude certain categories of employees who work at the same time each year and for less than six months.
Additionally, if your paid interns work less than 30 hours per week, you may be able to exclude them from group health insurance coverage as part-time employees. Furthermore, a paid intern who will work for your company for no more than 90 days may not be eligible for group health insurance coverage, depending on how the applicable plan documents define the initial waiting period.
Now, when it comes to classifying your paid intern, they will likely be classified as non-exempt hourly employees. You can see the Department of Labor website for more detail on potential exemptions.
Most interns must be paid at least the applicable minimum wage for all hours worked. Under very limited circumstances, a company may participate in an unpaid educational internship program.
You should make sure you understand applicable federal and state laws, and consult with your legal counsel before rolling out an unpaid internship program. Downloadable Internship Program. Make a valuable program with our internship handbook. Thanks for downloading! If the requested file does not load in a new window, click here. Employers sometimes think of stipends when it comes to interns, and want to provide a weekly stipend rather than regular wages.
This arrangement only works in limited circumstances. If your company is participating in an unpaid educational internship program, you may be able to provide an expense reimbursement stipend under limited circumstances, including the following:. If the unpaid educational internship program allows stipends; and.
The program meets all the requirements under applicable federal and state law for the unpaid educational internships; and. The stipend reimburses expenses like food or travel rather than pays for work performed.
As mentioned above, paid interns are W-2 employees and are entitled to be paid at least the applicable minimum wage for all hours worked. As indicated above, paid interns must be paid at least the applicable minimum wage for all hours worked and overtime wages, if they work overtime. However, you can always pay them more. Whether you pay an intern more than the applicable minimum wage will depend on the business reasons for doing so, including the market, what you can afford, and your assessment of the value of the work the intern will be performing.
Another reason is that in many major cities, it can be tough to cover living expenses on a lower minimum wage. An intern who continues to work for you full-time after 90 days may become eligible for benefits. In many cases, however, especially for college students who have less time to work after a paid summer internship is over and they have returned to a regular schedule of classes, a continued internship could likely involve less than 30 hours of work per week.
Working fewer hours may render the paid intern ineligible to participate in coverage under a group health and welfare plan. Today, internships are the "primary source that large companies use to recruit their full-time employees," says Joshua Kahn, assistant director of research and public policy for NACE. And what are the other options to attract talent?
They can change wages, perks, benefits. Company culture is something that they can try to affect to attract and retain but that's a long-term change. According to a NACE survey of 5, interns in the intern class of , Frequently, those folks that can take an unpaid internship are in a more privileged position. Google interns enjoy many of the same perks as regular employees, such as free rent, transportation, gym membership, massages, electronics, and much more.
Keep in mind that Google gets a high number of applications each semester. You can maximize your chances of getting accepted by putting together an awesome application. Check out these blogs to get some helpful pointers for writing cover letters and resumes for internships:. How to Write an Internship Cover Letter. How to Write a Resume for Internships. Microsoft has long had a reputation for being one of the best places to intern. In addition to offering a competitive pay, interns get to work on products that actually matter read: no coffee fetching or mindless busy work.
Plus, Microsoft interns get tons of amazing perks, like free daily meals, transportation, and relocation benefits. Perhaps one of your side hustles for college involved driving for Uber. But did you know that they have some of the highest-paying internships in the country?
The rideshare company has tons of amazing internship opportunities for those majoring in business, software engineering, computer science, finance, marketing, and more.
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