Internships have become increasingly popular the last few years as companies look to reduce labor costs and students or candidates search for positions that offer experience in a given profession or industry. An internship is an apprenticeship or formal training program for future professionals whereby a company offers potential employees the opportunity for a limited on-the-job experience. Since employers undertake immense costs to recruit, hire, and train employees, internships create a way to avoid incurring those turnover costs by gauging the candidate’s qualifications and fit within the corporate culture beforehand.

InternshipsHowever, internships are not just for the benefit of employers – they allow candidates the first-hand opportunity to observe the duties and responsibilities of their desired job or career, co-workers, and the assumed lifestyle, and determine if the company and job is right for them.

Most interns are students in their 3rd of 4th year of college, and internships can be paid or unpaid, though most states require that the intern receive some type of benefit, whether it is monetary compensation or college credit. Internships are specific to professions and may be required as part of a college degree or licensing program, such as residency for MDs.

Published on May 9, 2013

www.theinternshipmovie.com THE INTERNSHIP

Billy (Vince Vaughn) and Nick (Owen Wilson) are salesmen whose careers have been torpedoed by the digital world. Trying to prove they are not obsolete, they defy the odds by talking their way into a coveted internship at Google, along with a battalion of brilliant college students. But, gaining entrance to this utopia is only half the battle. Now they must compete with a group of the nation's most elite, tech-savvy geniuses to prove that necessity really is the mother of re-invention. | The Internship opens in theaters June 7, 2013.

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    Film & Animation 
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    Standard YouTube License 

An internship is a period of work experience offered by an employer to give students and graduates exposure to the working environment, often within a specific industry, which relates to their field of study. Internships can be as short as a week or as long as 12 months. They can be paid or voluntary; however, before you start an internship it’s important to know your rights with regards to getting paid. Internships can be done in a range of sectors, including sales, marketing, engineering, graphic design, management, I.T. and many, many more. Throughout an internship you will develop a variety of soft skills, including communication skills, personal effectiveness, presentation skills, creative problem solving and influencing skills. ‘On-the-job’ experience can be as valuable as anything learned in your studies. After all, you cannot really understand what a job is all about until you have worked in that environment. Internships are great opportunities to speak directly to people who have experience in the role you aspire to; and their knowledge of the job and working environment will give you a greater understanding of what it’s all about and what you need to do to progress.

An 'internship' is an opportunity offered by an employer to potential employees, called 'interns', to work at a firm for a fixed, limited period of time. Interns are usually undergraduates or students, and most internships last for any length of time between one week and 12 months. Internships (also called 'placements', 'work placements' or 'industrial placements') may be part-time or full-time. They are usually part-time if offered during a university semester and full-time if offered during the summer, winter or Easter holidays, when they typically last 4-12 weeks. Placements are usually full-time, and take place irrespective of term time or holiday time.

The modern concept of internships essentially springs from the medieval apprenticeship, in which skilled laborers (often craftsmen) would teach a young person their trade and, in exchange, that person would agree to work for the teacher for a certain length of time.

The main difference between an apprenticeship and an internship is that internships are more exploratory. You're not bound to work for your employer after the internship is over (although many interns do receive job offers). If you start early enough to do a few internships throughout college, you can use the first ones to get a feel for what career you'd like to pursue and the later ones to build your experience.

Internships can be paid or unpaid — though, if they are unpaid, they’re usually subject to stringent labor guidelines. In the U.S., federal law mandates that unpaid interns must not benefit the company economically or be used to displace the work done by paid employees. Some states have their own regulations regarding interns. For example, in California, unpaid interns must receive college credit for their work.