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workforce.com

May 10, 2007
Vol 5  No 9

TOP STORY

 
 
 

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Past Issues

Building an Intern Inventory

The good news for employers is that there are far more students available than the number of internship openings. The bad news, however, is that the batch of high-potential candidates—those who rank high in their class or attend a brand-name college—is small, and competition for them is fierce.

Read more about developing an intern pipeline.

  Internships  
 

Interns: To Pay or Not to Pay—That Is the Question

Unlike the 1990s, when employers took a middle-of-the-road approach by offering modest compensation to most of their interns, companies today are taking an all-or-nothing stance—either paying above-average wages of $10 to $15 per hour or zero.

Read more about paying or not paying interns.

 
  Discussion  
 

Internship Program

A member writes: "I need guidance on how to initiate and administer an internship program. Any advice is appreciated."

Join the discussion.

 
 
  Workforce Metrics  
 
College Recruiting


Top methods for recruiting new college hires, 5=extremely effective, 1=not effective, 2007
1. (tie) On-campus recruiting 35%
(tie) Internship program 30
3. Co-op program 29
4. Career/job fairs 28
5. tie) Internet postings on campus web site 24
(tie) Faculty contacts 24
Note: Survey of 267 employers.
Source: Source: National Association of Colleges and Employers



New MBA Hires

Median base salary, signing bonus and other guaranteed compensation for Stanford Business School MBA new hires, class of 2006

  Base Signing bonus Other guaranteed compensation
All graduates $110,000 $20,000 $30,000
Consulting $110,000 $20,000 $17,500
Management consulting $100,000 $20,000 $20,000
Strategic planning $101,000 $14,500 $13,500
Finance $120,000 $25,000 $75,000
Financial analyst $91,200 $17,500 $24,000
Investment banker $95,000 $35,000 $137,500
Inv. researcher/ portfolio mgr $125,000 $22,500 $75,000
General management $100,000 $22,500 $18,375
Marketing/sales $101,000 $20,000 $20,000
Product/marketing mgr. $97,500 $20,000 $10,000
Business development $110,000 $12,500 $24,000
Product development mgr. $115,000 $25,000 $20,000
Note: Data on 371 MBA new hires.

Source:
Stanford Business School
 

RECRUITING & STAFFING TOPICS

Grouped by topics, here are hundreds of articles, policies, and assessments in the Workforce Management Research Center.

Assessment and Testing
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Job Design
Retention
Workforce Planning

 

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