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Tennessee interns score wage of $22 an hour

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in Compensation and Benefits,Human Resources

College students who are lucky enough to land internships at Knox­­ville, Tenn.-based WeScore.com will earn $22 an hour.

The Internet startup—slated to launch early this year—relies on more than a dozen University of Tennessee students to fill out a small staff whose mission is to provide unbiased financial information to help middle-class Americans evaluate investments and check their financial advisors’ choices.

“It would have been hypocritical for us to be launching a site dedicated to helping the middle class while taking advantage of middle-class students,” says CEO Jacqueline J. Stanfill, who notes that paying three times the minimum wage has allowed the startup to hire high-quality interns. WeScore.com has already offered permanent jobs to two interns.

Stanfill settled on a $22-an-hour wage in response to an analysis by Sen. Elizabeth Warren (D-Mass.), who has said that, based on the rate of productivity in the U.S. since 1960, the minimum wage should be $22 an hour.

Contact: Jacqueline Stanfill of We­­Score.com, jstanfill@wescore.com.

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