ProTrack Co-Op

Employer Benefits

Employers participate in co-op for various reasons, but employers serious about making a long-term investment through their cooperative education relationships do so for the following advantages:

  • Lower labor costs: Fringe benefits often consume 25 to 35 percent of personnel costs. These costs can be minimized by utilizing co-op students in appropriate positions.
  • Improved employee retention and lower recruitment costs: When hired after graduation, co-op students generally remain with initial employers longer than traditional new hires. Job expectations of co-op students are more realistic because of exposure to the real work environment. A survey of 250 companies by University of Cincinnati and Mead Corporation revealed “The median organization in the report shows co-ops to be 73% more cost effective over the first 21 months of full-time employment, saving more than $24,000 per graduate co-op hire.” Knowledge gained by co-op students during their work assignments enable them to begin at a higher level of responsibility and productivity than inexperienced graduates.
  • A source of innovation: Frequently, because of their professional innocence, co-ops bring enthusiasm, perspectives and suggestions that lead to significant contributions to the employer’s ongoing missions.
An opportunity to become involved with Florida Institute of Technology in the educational process: The interaction between the university and employer can lead to consulting opportunities, collaborative research projects, course development and training. In general, an opportunity exists for building good public relations for mutual benefit and making a significant contribution to the co-op student’s education.