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Tech companies are offering summer interns about $10,000 a month for face-to-face office jobs, in hopes of lure in disillusioned youth with remote jobs.
Online gaming platform Roblox pays $9,667 a month, ridesharing firm Uber and financial services firm Capital One are each offering $8,333 a month, and software company Salesforce has paid interns $8,167 this summer, according to career website Glassdoor’s 25th highest annual report. it pays. paid internships.
Amazon and Facebook’s parent company Meta offer $8,000 a month each.
The report, released this week, also found rising levels of dissatisfaction among interns with remote jobs amid the COVID-19 pandemic.
“To look at both review sentiment and mention frequency, it’s clear that remote work has become an important and negative part of the interns’ experience,” Glassdoor said in a summary of the report.
In the summer of 2020, 58% of all interns gave negative comments about remote internships on Glassdoor, with that share increasing to 70% in 2021.
These numbers were higher than the 31% of interns who spoke negatively about remote placements in 2019.
Glassdoor reports that while many full-time workers choose to work remotely, the pandemic has proven that interns don’t.
“Internships are often filled with engaging activities designed to immerse interns in a real-world work environment and lure them back into the company after graduation,” the report said. “But with the onset of COVID-19, many of these face-to-face events were suddenly no longer possible.”
Michael Curry, an assistant professor of economics at Aquinas College in Michigan, said the numbers show a disconnect between preferences for full-time workers and interns as the job market improves.
“Consistent with data on middle school and university learning environments, students prefer face-to-face meeting over distance classroom participation,” said Mr. Curry. “While senior workers often choose to work from home because of childcare and long journeys, interns, for example, benefit much more from over-the-shoulder, hands-on learning opportunities.”
He added that inflation, continued supply chain backlogs and growing uncertainty about future economic conditions could limit the number of interns at some companies this summer.
Victor Claar, an economist who teaches business at Florida Gulf Coast University, said the recovery will benefit young people who need the networking and social skills that face-to-face communication provides.
“If you’re sitting at home in your pajamas, it’s hard to learn how to navigate company culture or how to cope at a cocktail party or business lunch,” said Mr. Claar. “It’s even harder to develop the professional connections you might find at events like cocktail parties, especially those beyond your firm.”
But not all workplaces are ready for in-person internships this summer.
Kastle Systems, which provides office swipe cards for many businesses in the United States, found in a recent analysis of security systems that as of March 30, only 42% of employees in the top 10 markets had returned to the office.
“This could lead to internships turning into something more akin to apprenticeships where there is direct guidance from a particular individual, this scenario would be more in line with working remotely,” said Sean Higgins, a research fellow at the Institute for Libertarian Competitive Enterprise.
Glassdoor’s report analyzed more than 130,000 internship reviews of current or former US interns between February 14, 2021 and February 12, 2022.
All 25 employers on the list of highest paid internships are offering at least $6,000 per month this year. At the bottom of this list, Google offers an average monthly fee of $6,454.
Walter Block, a professor of economics at Loyola University in New Orleans, said the trend of paying interns high is a “gray area” encouraged by the pandemic.
“Traditionally, internships were supposed to be unpaid jobs,” said Mr. Block. “The idea behind this initiative was that the teenager would work for the company, of course, but he would also learn mainly from on-the-job training.”
For more information, visit The Washington Times COVID-19 resource page.
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