I have an intern on my team. But new grad hiring is frozen. How does this make sense?
Budget approved from last year?
Hope this helps because it’s pretty obvious to me. You need to think critically about both vertical and horizontal staffing dynamics and average quality of sourcing to answer your question. 1) Interns are a temp hire and ultra low risk way to assess future new grads. 2) New grads that weren’t interns have more of a dice role. 3)Thus current new grads will first compose of interns given offers and then incremental to fill staffing needs. 4) If staffing needs this year at entry level are lower you would thus pull back first on the incremental a you didn’t already commit to. 5) If staffing needs next year are expected to be lower you would do some form of reduced intern pipeline and/or tighten the bar for making full time offers to interns. So ask yourself, do you see more or less interns than last year? Is the offer bar for them higher or lower this year. That will give you an indication of the top downs perspective on entry level hiring needs next year (attrition offset + any growth).
If the intern is good, you can also often make them a return offer before they start their job search and grab them for a lower rate.
The major tech companies have long-standing established partnerships with the local universities. Salesforce is in this boat too. We didn't want to disrupt our university internship programs even though we had stopped hiring and were doing layoffs. We still had interns flowing through the system.
Interns are future fte's and during a hiring freeze they are a very cost effective way to continue to pipeline and assess talent for the future when hiring opens back up.
Keep pipeline in place and keep universities happy. Also interns who don't have jobs but have strong qualities could always ✨ innovate ✨ and become a competitor; better to get them in the door and innovate for you.
My company started a "flagship” internship program by only hiring ivy leagues although no openings for any roles right now I think it's pipe lining. joining as new grad will get even harder as we will prefer giving return offers to interns going forward. FYI: I have seen a bunch of interns before the ivy league once are quite motivated and talented.
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What do you think is wrong with a kid who got rejected by 9 colleges?
New grad is not okay in general, but geniuses are welcome.
you cant filter for geniuses when you ask fucking leetcode mediums
Leetcode is not the most important part for intern, big name school and gpa matter more