This Week's Herman Trend Alert

Nail-Painting Robot Coming
to a Salon Near You

 

  The Herman Trend Alert

May 19, 2010

Compliance Issues Threaten Internships

In response to a recent United States Department of Labor (DOL) warning about intern compensation and exploitation, the issue of unpaid internships has attracted considerable attention. The DOL subsequently issued "Fact Sheet #71: Internship Programs under the Fair Labor Standards Act" (April 2010). This document clarifies their employer guidelines about what constitutes "trainee status" to qualify for a compensation exemption. The reaction has ranged from confusion to uproar.

The DOL guidelines indicate that any for-profit company with an unpaid internship not providing mutual value is probably breaking the law. To support employers, The Internship Institute (TII), an action-oriented, non-profit organization has issued a "Compliance Advisory" that summarizes the DOL’s guidelines and offers a solution. http://www.InternshipSuccess.com.

The site offers a comprehensive intern and career development training course that awards a "Certificate of Career Preparation". This certification course enables students to align their career paths, gain meaningful work experience, and develop the skills to perform at their best. The course is valuable for employers, whether or not they pay their interns, because it tangibly demonstrates the company's investment in these young people.

"Interns increase talent equity. Aside from an inherent commitment to train them, the value of making them more capable, efficient, productive, loyal, and motivated provides a straight line to greater return on investment. Providing a compliance remedy is secondary to being substantive and beneficial for everyone," said Matthew Zinman, founder of the Institute.

Ten percent of all course proceeds will support TII's "Unpaid Intern Compensation Fund" to make internships accessible for disadvantaged youth. For a limited time, TII has also issued a 20 percent compliance subsidy for companies to make certification more accessible. Employers---with and without paid internships---are invited to utilize the code: “COMP0610” for group registration.

At a much higher cost the site InternBridge.com also offers support materials to employers; however the certification program offered by the Institute is a unique solution to this challenge.

This compliance solution is an excellent example of how innovation may be applied to benefit all parties. Given the global use of interns, we will not be surprised to find this valuable easy-to-implement course translated into several languages.


© Copyright 1998- by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 1.336.210.3548 or https://hermangroup.com. To sign up, visit https://HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."

HEAR JOYCE SPEAK TOMORROW AT 11:30 AM EDT
Tomorrow morning, Joyce will be a Fireside Chat Speakers at the Brightside Business Women Empowerment Virtual Conference where she will talk about how business women can use the insights from her new, groundbreaking book, EXPERIENCE RULES, to be successful. Register for FREE at https://brightsideglobaltrade.org/women.

GET COACHING FOR YOUR PEOPLE FOR LESS THAN $1/DAY!
Gain access to dozens of coaches for the same low price. Find out more by visiting https://ingomu.com/joyceg

JOYCE IS ON THE RADIO EVERYDAY NOW
To listen to Joyce's TV shows on the radio, simply visit RadioFutures.com. Joyce's show is streaming every day at 3:00PM Pacific Time.

To read this Herman Trend Alert on the web: https://hermangroup.com/alert/archive_3-29-2023.html.


Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.

New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Click here to sign up for the Herman Trend Alert.

Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service.


Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts

                                                                                                                                                                                                                                                                                                                                                                         


[ Home · About · Products · Resources · Media ]

 

7112 Viridian Lane
Austin, TX 78739
Voice: 336-210-3548
Toll Free in US & Canada: 800-227-3566
E-mail: info@hermangroup.com


  © The Herman Group. All rights reserved.

Web site design by WebEditor Design Services, Inc.