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Are You Best Suited to a Small Company or a Large Business?
Little or large: It’s a conflict as old as boys against girls, dogs versus cats and United V City.
But when it comes to finding your next job, is big or small best in terms of company size? Somewhat unhelpfully, there are pros and cons to both the tiniest of companies and the most titanic of corporations.
Lucky for you, we’ve picked out some of the advantages and disadvantages of each, so you can make your own mind up.
The Advantages of Working for a Small Company
Flexibility: In a smaller company, you’ll often get chance to try your hand at a range of different tasks alongside your day-to-day role; great if you like some flexibility and a break from routine.
Recognition: When there are only a handful of employees, it’s much more likely that your successes and achievements will be noticed, and more importantly, recognised and appreciated.
Close-knit: You spend so much time at work that it’s good to build professional and personal friendships; something that’s often much easier in a tight-knit team at a smaller business.
The disadvantages of working for a small company<
Progression: Although not impossible, promotions may be harder to come by at a smaller company, simply because the roles aren’t available to help you take the next career step.
Nowhere to hide: This is not necessarily a bad thing, but it can be hard to rectify your mistakes at a smaller company simply because there’s often only you responsible for a particular task.
Salary: Again this isn’t always the case, but in some cases, smaller companies may struggle to match the salaries of larger, more established businesses – simply due to tighter margins. And you might find bonus payments harder to come by in very small companies.
The Advantages of Working for a Big Company
Benefits and bonuses: As well as the potential for financial bonuses on top of your base salary, a large company is often better placed to offer additional benefits like health plans, gym memberships and pensions.
Training and progression: Bigger corporations usually have detailed induction and training programmes that not only help you to settle into your new role, but to progress over time into more senior positions.
Gaining respect: If you can add the name of a household brand or company to your CV, it’ll look pretty appealing to potential suitors when the time does come to move on.
The Disadvantages of Working for a Big Company
Red tape: As opposed to in a small business, it can be difficult to get ideas and initiatives signed off quickly in large corporations, simply because it’s hard to reach and contact more senior stakeholders.
Nameless faces: If you’re a people person, you might relish the prospect of meeting lots of new colleagues. But often in a big company you don’t have the chance to really get to know everyone and the role they play in the business.
Lack of recognition: In some cases, you may feel like just a number when working for a large business. This is especially true in organisations where your efforts aren’t fully appreciated by others in the business – who may not even be aware of your achievements at all.
Which Suits You Best?
It’s your life and your career. And it’s you who knows you best.
If a close, community atmosphere is more important to you than a great benefits package, then perhaps a smaller company is ideal. But if you’re ambitious about having a high-flying career and not too bothered about sampling several different roles in one, maybe you’re better suited to a large organisation.
Is your next step a small one, or are you ready to shake it up with the big boys?