Interns need be paid fairly

Interns need to be paid fairly for their efforts within organisations, the majority of financial services practitioners have said.

A poll by the Chartered Institute for Securities & Investment found that 97 per cent of workers believe this should be the case, with many saying payment should be modest, while out-of-pocket expenses need to be reimbursed.

One respondent said that "unpaid internships are exploitative and should be banned", while another identified that "certain students can ill afford to take low/unpaid work as they have to provide for themselves".

Just three per cent of those questioned indicated that interns should not be given any sort of reward, mainly because they would expect to pay for such business advice if they received it from a university or other further education establishment.

Companies were recently advised to learn more about Agency Workers Regulations, which are due to come into force on October 1st.


Published on: May 18, 2011

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