The document discusses the benefits of creating an internship program. Hiring interns can save money on recruitment costs compared to hiring full-time employees, with interns costing on average $3,000 less. Employers also report converting many interns into full-time hires. Interns can positively impact companies by re-energizing organizations and generating new ideas. Internships can last varying lengths of time from one week to one year. More than 80% of employers prefer new graduates who have completed a formal internship.