For the Employer:
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Increases cost-effectiveness of recruitment and training. |
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Results in a higher average retention rate among permanent
employers recruited and hired through a co-op program. |
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Provides an opportunity to evaluate employees prior to a
decision regarding full-time employment. |
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Allows flexibility in staffing needs. |
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Brings state of the art technical knowledge to the workplace. |
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Exempts employers from paying unemployment compensation taxes on
wages of co-op students if they are enrolled in a qualified co-op
program and from paying unemployment compensation to students
released from these programs. |
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Creates a partnership between business and education. |
For the Student:
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Enhances the graduates marketability by providing
valuable work experiences. |
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Provides academic credit toward graduation (in most
curricula). |
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Enables students to earn money to help defray college
expenses. |
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Develops self-confidence, responsibility, and professional
competence. |
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Provides employer contact and exposure to the working world. |
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Helps students to develop long-range career goals. |
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Integrates work experiences with classroom instruction. |