engineering coops
engineering coops
(OP)
Some companies seem to employ a lot of engineering coops. Do companies get some type of credit or tax deduction for having coops? What are other reasons why some companies have a lot of them?
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RE: engineering coops
I will be very interested to see what others have to say here...
RE: engineering coops
RE: engineering coops
RE: engineering coops
We probably get some sort of tax break as well.
Cheers
Greg Locock
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RE: engineering coops
RE: engineering coops
Different government programs exist in different countries as far as tax benefit. I got a fair bit of my co-op experience funded via Canada's NSERC and Ontario's IRAP programs. There's also a summer student program available through HRDC, but unfortunately it's only currently a SUMMER student program and doesn't apply to other times of the year.
RE: engineering coops
And for the student: You got to see if you like engineering before taking the plunge; you got better money than burgeer-flipping; you got a bursary (beer money) whilst at university. But most of all, come graduation you have relevant experience that many don't ... and for most, a guaranteed fall-back job.
As moltenmetal said, a win-win. Companies get the pick of cheap, fresh, intelligent young minds. Students get the experience they really need, plus an interesting job and term-time beer money.