Greater Cheyenne Chamber of Commerce Business Journal Q3 2014 | Page 56

Issue Sponsor: THE ROAD TO A SOLID CAREER EDUCATION TO CAREER TRANSITION Hands-on career training plays a crucial role in a student’s ability to successfully transition into the workforce. This type of training, which consists of educational coursework developed specifically to meet accreditation requirements and community workforce needs combined with integrated Career Services support, provides a unique platform for student success. Businesses can partner with colleges and contribute to student success by hosting internships or externships, which provide unpaid interactive career experience for students. This experience connects students with employers in their community and allows them to utilize and continue to develop the skills they learned in their program. The key to a successful externship is matching the right student with the right employer based on the culture of the organization. Some factors employers consider when deciding whether or not to partner with a career training college are the quality of the programs offered, professionalism of the students and related job skills. IBMC College and many other career colleges require students to complete externships. These externships have shorter hour requirements than internships and focus on direct career experience with an emphasis on hiring opportunities. This provides a unique, cost-free benefit to employers by allowing them to work with a candidate for an extended time with no obligation to hire. This trial period gives the employer time to truly assess the candidate’s fit within their company, which is the most effective way to evaluate potential. When employers “test drive” talent, they receive the benefits of extra support, fresh ideas and increased productivity. PG 56 l Education: The Foundation of Our Future Employers are recognized in the community for providing students with opportunities for career success. If an employer decides to hire an extern, job advertising, recruitment and training costs may be reduced. “It is reported that companies spend between $10,000$50,000 in tangible costs alone to replace and retrain when a single employee leaves a company.”(1) This is a large expense for a company of any size. Therefore, companies can see the monetary value in participating in internship or externship programs by reviewing costper-hire numbers alone. When deciding to become a host for externs and interns, a business should remember that it is one solution for company success. According to the National Association of Colleges and Employers’ 2014 Internship & Co-op Survey, 96.9% of employers plan to hire interns/externs and 64.8% of employers made full-time offers to their interns. Now it is your turn to change a life and help make the workforce stronger! Source: 1. “Current Benchmarks,” 2014 Internship & Coop Survey, National Association of Colleges and Employers, http://naceweb.com By: Tamara Moore Career Services Coordinator at IBMC College