Hiring interns can be great for a small business; they are cheap, ambitious and filled with youthful energy. They also can be a labor law nightmare!
Five things to know about hiring interns–paid or unpaid.
Hiring interns can be a significant labor resource for small business; they are cheap, motivated and can bring a fresh, youthful perspective to a company.
What is the best thing about hiring interns? Some of them even work free! Unpaid interns can be a place where some employment problems arise.
Employers have to be extremely careful with hiring unpaid interns. This has been an increasing amount of attention to unpaid interns since the U.S. Department of Labor and some states are beginning to crack down on hiring and pay abuses.
States like Oregon, California, and New York are beginning to cast a more critical eye on unpaid interns, following up with aggressive enforcement.
What is the best way to make sure your internship program (paid or unpaid) conforms to labor laws? Five things you need to know:
SAN FRANCISCO (MarketWatch) – Shares Workday Inc. soared Friday as the enterprise software company began trading on the New York Stock Exchange. The stock was trading up 73 % to $48.50 after pricing at $28 a share, above its proposed range of $24 to $26.
The Pleasanton, Calif.-based company’s initial public offering initially set a price range of $21-$24. Workday provides cloud-based software used by businesses to manage employee data and processes.