Employers take part in the Drexel co-operative education experience for a host of short- and long-term benefits. Here are some examples of what you, the employer, will gain by hiring a Drexel Co-op:
A favorable outcome in your company's labor costs
Fringe benefits often consume 25 percent to 35 percent of personnel costs. These costs can be minimized by using Drexel Co-op students in appropriate positions.
Improved employee retention and lower recruitment costs
When hired after graduation, Drexel Co-op students generally remain with employers longer than new entry-level employees.
According to a survey of 250 companies by the University of Cincinnati and the Mead Corporation internships prove to be 73% more cost effective over the first 21 months of full-time employment, saving more than $24,000 per intern hired.
A higher-quality employee
Drexel Co-op students gain on-the-job skills and knowledge during their work periods, allowing them to begin at a higher level of responsibility and productivity than inexperienced graduates.
A source of innovation
From their academic experience, Drexel Co-op students bring a fresh outlook and creative problem-solving skills to the workplace. As a result, they frequently offer perspectives and suggestions that lead to significant contributions to you and your company.
An expansion of your company's network
Drexel Co-op students offer you and your company the opportunity to become involved in the educational process. This interaction can lead to consulting opportunities, research projects, course development, and training. In addition to building good public relations, your company can make a significant contribution to a Drexel Co-op student's education.