11 Jan '12, 6am

How much should you pay an intern in a start-up?

How much should you pay an intern in a start-up? January 11, 2012 by Bernard Leong Recently, a lunch treat with a couple of friends brought up an interesting discussion on how much we should pay interns in a start-up. Given the dearth of talent in Singapore as many claimed, one solution is to look for inexperienced and passionate people, and they usually come from the tertiary institutions (universities and polytechnics). The aim of this article is to establish some principles in setting up a reasonable pay scheme for interns in a start-up. Here’s the story. A few start-ups took part in an internship program and offer positions to various candidates. Each one arbitrarily decided the salary which they would pay an intern. Let’s put a few numbers up first before we continue on. The pay ranged from S$700 to S$1.2K per month and no company actually spoke with each other on how...

Full article: http://sgentrepreneurs.com/commentary/2012/01/11/how-much...

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