Source: National Association of Colleges and Employers (NACE)
Employers expect to boost their intern hiring by 22.6% for the 2021-22 academic year, while their hiring of co-ops is up 1.1% this year, according to results of NACE’s 2022 Internship & Co-op Survey Report.
The jump in intern hiring aligns with projections for full-time hiring; employers participating in NACE’s Job Outlook 2022 Spring Update survey say they expect to increase full-time hiring by 31.6%. Approximately 57% of respondents reported their intern hiring figures have increased over 2020-21; both small and large companies have increased their projected hiring.
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The substantial increase in intern hiring is all the more significant as it comes following a drop in 2020-21, when employers trimmed intern hiring by 0.5%. (See Figure 1.)
Likewise, the small gain in co-op hiring reverses a pattern of negative growth over the previous two years. Approximately 50% of employers with co-op programs expect to maintain their hiring at 2020-21 levels, while 41% expect an increase.
NACE’s 2022 Internship & Co-op Survey Report provides projections for internship and co-op programs for the 2021-22 academic year, but the bulk of the information presented here represent data gathered from 2020-21 internship and co-op programs. Historical data are also provided to indicate trends. Data collection took place from November 10, 2021, to January 12, 2022. There were 183 NACE member respondents representing 22.4% of eligible member respondents. The Internship & Co-op Survey was also distributed to nonmember companies from which an additional 26 responses were received. The 2022 Internship & Co-op Survey Report is available to participants on MyNACE. Those who did not participate can find info about how to purchase the report at www.naceweb.org/store/2022/internship-survey-compensation-guide-combo/.
