This is a motivator to many of today's students and removes the entitlement aspects of special compensation and benefits package. But, whatever your strategy you have to remember that most of our compensation policies and beliefs were based on a manufacturing, mass-production model, where one size fit all. This has not been the case for more than a decade. The mass-production mentality is especially troublesome when dealing with talented, experienced and very demanding people with many options. Whether or not there is a perception of fairness, you have to develop programs that work.
Internships are effective when run realistically.
Offer the best students an opportunity to stay with you by tying compensation to long-term productivity and results. Build a program focused around schools where you can develop a reputation and a relationships with the professors and students. All rights reserved.