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Finance Company Wants Grads To Work 1 Year for FREE!

makapaaa

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金融公司招聘免费实习生 1年无薪惹争论


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一家金融公司招聘1年无薪实习生,遭一些网友痛批有欠公平。(图/翻拍自网络)


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<!--this div is used to display blurb top profile and user rating--><!-- This part is blurb content-->打1年免费工,大学生:免谈!更多详情,请翻阅27.05.2010的《联合晚报》。



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<!--end storyhighlight--><!-- CONTENT : start -->金融公司招聘大学实习生,不愿付薪水,还要实习生花1年的时间打免费工,引发争论!
本地一家金融公司向大学公开招聘资讯科技实习生时,清楚注明:“没有实习津贴或薪水”。
公司要实习生打免费工,却对他们的要求很高,除了必须拥有优良的资讯科技知识和网络设计技能,对投资感兴趣之外,还要挪出1整年时间全职工作。
有网民看到公司的招牌广告后,觉得对实习生有欠公平,将广告上载到本地网络论坛,引起网民热议。
据该金融公司的招聘广告,实习生一周必须工作5天,每天早上9时至傍晚6时,实习期是今年6月至明年6月。实习生的主要工作包括提供科技支援、更新网站、和处理其他科技相关的工作。
晚报尝试联络这家金融公司了解详情,但公司不愿置评。
许多网民都炮轰公司寻找“廉价劳工”,但一名声称认识这家公司代表的网友说,公司是认为既然提供实习生非常有用的学习经验,协助他们将来更快在事业上前进,因此就没必要支付薪水。
这名网友也说,公司认为实习1年期才能真正让学生掌握知识和技能。

据了解,一般大学实习生的薪水介于500至1000元,有些甚至多达2000元,公司完全不提供薪水的例子不多。
 
They are being sarcastic

Soon our young will wake up but hope it will not be too late

Right now many not willing to work and prefer to shamelessly live off their parents in their miD 20s

FUCKING DISGRACE
 
Actually unpaid internships are becoming the norm in the States since 2008. There are actually american college students currently in singapore now looking to do unpaid internships here...just got a resume circulated to me yesterday that stated she was willing to work for free.

Cheers,
Trout
 
This is bullshit la. Unless you are working for Goldman Sachs, there is really no point working for free.

Firstly, you are gonna look really stoopid and dodgy if you send your resume out in future. Imagine working 1 year for free at LOCAL finance company. Either your grades damn lousy or u are semi-retarded.

Secondly, the duration of 1 year no pay is ridiculous. Even a probation is only for 3 months.
 
Actually unpaid internships are becoming the norm in the States since 2008. There are actually american college students currently in singapore now looking to do unpaid internships here...just got a resume circulated to me yesterday that stated she was willing to work for free.

Cheers,
Trout

A request by a student to work for free is different from a company who stated that they want student to work for free.

A student who request to work for free means that the student looks up to your company and value the experience that come with working with an unsinkified company.

For a sinkie company who demand that student work for free when not even one student heard about that company before is really something fishy. but that is how sinkie behavior, what do you expect?
 
This is bullshit la. Unless you are working for Goldman Sachs, there is really no point working for free.

Firstly, you are gonna look really stoopid and dodgy if you send your resume out in future. Imagine working 1 year for free at LOCAL finance company. Either your grades damn lousy or u are semi-retarded.

Secondly, the duration of 1 year no pay is ridiculous. Even a probation is only for 3 months.

Lookie here: http://www.nytimes.com/2009/08/09/business/09intern.html?_r=1&em=&pagewanted=print

Students Pay Services to Obtain Upaid Internships - NYTimes.com
Unpaid Work, but They Pay for Privilege
By GERRY SHIH

With paying jobs so hard to get in this weak market, a lot of college graduates would gladly settle for a nonpaying internship. But even then, they are competing with laid-off employees with far more experience.

So growing numbers of new graduates — or, more often, their parents — are paying thousands of dollars to services that help them land internships.

Call these unpaid internships that you pay for.

“It’s kind of crazy,” said David Gaston, director of the University of Kansas career center. “The demand for internships in the past 5, 10 years has opened up this huge market. At this point, all we can do is teach students to understand that they’re paying and to ask the right questions.”

Not that the parents are complaining. Andrew Topel’s parents paid $8,000 this year to a service that helped their son, a junior at the University of Tampa, get a summer job as an assistant at Ford Models, a top agency in New York.

“It would’ve been awfully difficult” to get a job like that, said Andrew’s father, Avrim Topel, “without having a friend or knowing somebody with a personal contact.” Andrew completed the eight-week internship in July and was invited to return for another summer or to interview for a job after graduation.

Andrew’s parents used a company called the University of Dreams, the largest and most visible player in an industry that has boomed in recent years as internship experience has become a near-necessity on any competitive entry-level résumé.

The company says it saw a spike in interest this year due to the downturn, as the number of applicants surged above 9,000, 30 percent higher than in 2008. And unlike prior years, the company says, a significant number of its clients were recent graduates, rather than the usual college juniors.

The program advertises a guaranteed internship placement, eight weeks of summer housing, five meals a week, seminars and tours around New York City for $7,999. It has a full-time staff of 45, and says it placed 1,600 student interns in 13 cities around the world this year, charging up to $9,450 for a program in London and as little as $5,499 in Costa Rica.

The money goes to the University of Dreams and the other middlemen like it. Officials at the company say they are able to wrangle hard-to-get internships for their clients because they have developed extensive working relationships with a variety of employers. They also have an aggressive staff who know who to call where. Their network of contacts, they say, is often as crucial as hard work in professional advancement.

“Students don’t have problems finding internships, students have problems getting internships,” Eric Normington, the company’s chief marketing officer, said by telephone from Hong Kong where he was overseeing the local program. “We can secure those exclusive positions.”

Employers say the middlemen save them time and hassle. “They make the search process a lot easier,” said Sarah Cirkiel, the chief executive of Pitch Control Public Relations, a small New York firm that started four years ago and has taken in 20 summer interns all from the University of Dreams. “I feel like they hand-select their interns for the specific agencies to make sure it’s the right fit. They just show up at our doorstep, ready to go.”

But many educators and students argue that while the programs bridge one gulf — between those who have degrees from prestigious colleges or family connections and those who do not — only to create a new one, between the students who have parents willing and able to buy their children better job prospects and those who do not.

“You’re going to increase that divide early, on families that understand that investment process and will pay and the families that don’t,” said Anthony Antonio, a professor of education at Stanford University. “This is just ratcheting it up another notch, which is quite frightening.”

Julia McDonald, the career services director at Florida State University, questioned the need for these programs. “The economy has had an impact, but there are more than enough internship opportunities out there still,” she said. “That’s like buying a luxury car.”

Other college advisers cautioned that while the desire to help is understandable, parents who pay for an internship program are depriving their children of the chance to develop job-seeking skills or to taste rejection before they have to fend for themselves.

The industry dismisses the criticism.

“Universities forget that they themselves are, in essence, businesses,” said C. Mason Gates, the president of Internships.com, an online placement service. “Just because they’re doing it in a nonprofit fashion doesn’t mean that those of us doing it for profit are doing it incorrectly.”

The University of Dreams has several smaller competitors. One is the Washington Center, which places students at institutions like Amnesty International and the Canadian Embassy in Washington. The center is a nonprofit but charges summer participants a $5,195 program fee on top of a $60 application fee. If students choose to pay $3,395 for 10 weeks of prearranged housing — and more than 90 percent do, the center said — the total comes to $8,650.

Online start-ups that match students with internships have joined in, too, as have auction services that have sold internships worth thousands of dollars.

Francois Goffinet entered the University of Dreams program in 2007 as a student at the College of William & Mary, he said, because he wanted an internship at a top bank but those banks did not recruit at colleges like his. The University of Dreams advisers polished Francois’s résumé. They coached him on interviews and then helped him secure an internship at UBS, which he then converted into a job offer.

“We wanted the biggest and the best,” Francois’s mother, Lynn Andrews, recalled. “No one had the direct route.”
 
“We wanted the biggest and the best” Francois’s mother, Lynn Andrews, recalled. “No one had the direct route.”

She never use the word "Bestest". That means she is not a sinkie. Well Done!!!
 
Not that the parents are complaining. Andrew Topel’s parents paid $8,000 this year to a service that helped their son, a junior at the University of Tampa, get a summer job as an assistant at Ford Models, a top agency in New York.

Ford modelling agency, that says it all. Its the "media" industry, where contacts, bribes, kickbacks are more important then your grades.
 
Ford modelling agency, that says it all. Its the "media" industry, where contacts, bribes, kickbacks are more important then your grades.

Really, you can get college interns working for free from you from the States now in Singapore for 4-8 months...

Here's a more recent article: http://host.madison.com/ct/news/loc...cle_3f48d96a-c28d-5b16-a6a6-1ba791bf150a.html

Unpaid college internships are on the rise

TODD FINKELMEYER | The Capital Times | [email protected] | Posted: Sunday, May 2, 2010 5:00 am

Would you accept a job offer if you knew you weren’t going to get paid?

For a good number of college students hoping to get their foot in the door, the answer is “absolutely.”

“For me, it’s better to have an unpaid internship than no internship at all,” says Max Appelbaum, a UW-Madison junior who will be spending a second straight summer in New York working as an unpaid public relations intern.

That’s because internships, paid or not, are valuable experiences.

According to a 2009 National Association of Colleges and Employers report, new college graduates who had taken part in internships fared far better in the job market than those who hadn’t. The NACE survey found that 23 percent of those with internships who graduated in 2009 had a job in hand by April. For those who didn’t, just 14 percent had landed jobs by that time.

Yet, some are starting to question if businesses that offer unpaid internships are merely exploiting ambitious college students to help their bottom line during the economic downturn. The topic started garnering national attention in early April when the New York Times posted an article noting that “with job openings scarce for young people, the number of unpaid internships has climbed in recent years, leading federal and state regulators to worry that more employers are illegally using such internships for free labor.”

In response to the media attention, the U.S. Department of Labor recently released a “fact sheet” that outlines whether interns must be paid. It’s a subject those working in career services positions across the UW-Madison campus are paying attention to these days.

“It’s a complex situation, but our office is following this closely,” says Pam Garcia-Rivera, the assistant director of career services for UW-Madison’s College of Letters and Science. “Nobody wants somebody to be taken advantage of. But it works both ways — students get to explore new career options and, depending on the internship and the work load and learning opportunities, it can be very valuable to both sides.”

An additional kink is that nearly all employers offering unpaid internships now are asking that students receive credit for the experience. Companies are being told by their lawyers — perhaps incorrectly — that if a student is receiving credit for an internship, the firm is under no legal obligation to pay at least minimum wage.

UW-Madison students dislike this because in order to receive academic credit, they generally have to write a paper about their experience. Worse yet, they have to cough up tuition and fees to pay for a single-credit course — $392 for a state resident at UW-Madison during the summer, and $1,007 for an out-of-stater.

“It’s one thing to be willing to intern for no money, but it’s another thing to have to pay to work,” says Appelbaum.

The prospect of having to settle for an unpaid internship is greater in some majors than others.

Steve Schroeder, an assistant dean for undergraduate programs in the School of Business, says that most business-related internships are paid. “Internships are really a major part of a company’s recruitment strategy today,” he says. “Companies are paying these (business) students because they want to test-drive them for 10 to 12 weeks to see if they want to make them a job offer. And from a company’s perspective, although there are exceptions, if they want the best interns they have to pay them.”

Similarly, John Archambault, an assistant dean for student development in UW-Madison’s College of Engineering, says his college requires all intern positions to be paid. Although the number of internships has dipped due to the recession, he says it’s “extremely rare” that a company will even inquire about posting an unpaid position. “For 30 years or more, getting paid has always been a fundamental component of engineering internships,” he says.

But those pursuing degrees in many other fields aren’t as fortunate.

Robert Schwoch, the undergraduate adviser in the School of Journalism and Mass Communication, says more than half of the internships posted through his office are unpaid; that percentage, he adds, is climbing as the recession continues.

“I’m concerned because, due to the economy, students and their parents are becoming less and less willing to take an unpaid internship and pay for the credit that those internships require,” he says. “It’s a double-whammy and it’s a particular problem in journalism because the industry is really struggling and fewer are able to pay their interns. That’s an apprenticeship type of profession where you really need to gain experience.”

According to the U.S. Department of Labor, there are certain circumstances under which those who participate in for-profit, private-sector internships don’t have to be paid.

When making that determination, six criteria must be applied: the internship is similar to training that would be given in an educational environment; the internship is for the benefit of the intern; the intern doesn’t displace regular employees; the employer derives no immediate advantage; the intern isn’t necessarily entitled to a job after the internship; and the intern agrees he or she won’t be paid.

If all these factors are met, an “employment relationship” doesn’t exist under the Fair Labor Standards Act, and an internship doesn’t have to be paid. These guidelines don’t apply to those doing internships with nonprofits or government agencies — such as Gov. Jim Doyle’s Internship Program, which is non-paying and not for credit.

It’s the first criterion — that an internship be similar to training in an educational environment — that leads many companies to insist that a student receive academic credit for unpaid internships. The thought is if a student gets credit, it’s an educational experience.

But Schwoch says that’s faulty logic. UW-Madison, he says, doesn’t award credit for taking part in an internship — it only gives credit for academic study. The College of Letters and Science has set up an online summer internship course, which must be supervised by a faculty member and is graded on academic work, generally in the form of a paper that analyzes the internship experience. Others who intern set up a one-credit independent study course with a professor to meet employers’ desires.

“So it’s a misconception on the part of employers that students are getting credit for the job they’re doing,” says Schwoch. “They’re not. At least not at UW-Madison. The student is getting credit for the academic work they’re doing that’s related to the internship.”

Some students wonder if UW-Madison couldn’t do more to help ease the financial burden on those who accept unpaid internships. Appelbaum says some of the financial strains could be eliminated if students who intern over the summer could complete their one-credit class during the fall semester — when students taking anywhere from 12 to 18 credits all are charged the same lump sum of tuition and fees.

“I get that some are trying to stop companies from using unpaid labor,” says Appelbaum. “But then what happens is kids end up paying to work, so you’re actually hurting the same people you’re trying to help.”

These added costs and additional schoolwork are why some still jump at the chance to take an unpaid internship without the credit — if an employer is willing to take the legal risk.

“I was told my internship was credit-optional, so I went without the credit,” says Nick Daar, a December graduate of UW-Madison’s School of Business who spent last summer in an unpaid internship with a local company that provides financial planning services for Americans living abroad. “I figured one credit wasn’t going to help me out a lot, so doing it for credit just seemed like more trouble than it was worth.”

A 2008 survey produced by the National Association of Colleges and Employers indicates that 50 percent of graduating students self-report that they had an internship during their college years. According to the New York Times, that’s roughly a three-fold increase from 1992.

Although there is no solid data available through UW-Madison, published estimates indicate between 25 and 50 percent of these internships are unpaid nationally.

Justin Mozer, a UW-Madison sophomore who plans to apply to the Journalism School, currently is working in a paid internship with UW Athletic Communications. Although he is only making minimum wage, he says “it’s one of the best things” he could do because he is considering going into sports-writing or public relations.

This summer, Mozer will head to Los Angeles for an unpaid internship with Dick Clark Productions, an independent producer of television programming. “Now I can find out if Hollywood is my angle or if I enjoy television. I think it’ll be worth it because it’ll expose me to new things.”

Appelbaum, who took an unpaid internship with Motown Records last summer and will do the same with Nielsen Media Research this summer, is on the same page: “Strategic communications covers a large range of jobs and I’m trying to feel my way through that and figure out exactly what I want to do with my life. So these real world experiences are the only way to get a feel for what a job is really going to be like.”

Mozer admits to being “very lucky” in that he is receiving a lot of financial help from his family to pay for college, and he is aware of the advantage that gives them. “Your socio-economic background definitely comes into play,” says Mozer. “I come from a well-off family, so working is actually more a way to get some good experience. I’m worried about those who, if they don’t get paid for an internship, won’t be able to afford to do it.”

Daar, who received financial support from his grandparents, agrees.

“I had the benefit of being able to spend a summer where I wasn’t necessarily getting paid,” he says. “But a lot of people don’t have that luxury and it’s a problem where everybody who can afford it is building up their resume and those who can’t are falling behind.”

In an effort to address this issue, Garcia-Rivera says the College of Letters and Science is slowly growing a summer internship scholarship. This year, her department is awarding five $5,000 awards, and two $2,250 scholarships.

“It’s just a way we can help some level the playing field,” she says.
 
Really, you can get college interns working for free from you from the States now in Singapore for 4-8 months...

Bah, would be illegal here, we have a minimum wage in this country. Probably also why Yanks need to have work permit to work here and there are no bilateral work agreement like we have with most of the Euro zone and Japan.
 
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