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Working for Big Corporations vs Small Businesses – What’s Best For You?

On12/ 07 /18
When looking for a new job, everything matters. The actual responsibilities, office location, benefits package, salary – but did you take the size of the company into account? Well, you should. Although every organisation is unique in the way in which they work, today we’ll discover the pros and cons of working for both large and small companies and how the company size can really affect your career. 

Working for a large company 

Pros: bigger brand = better CV, greater benefits package, multiple locations with an opportunity to travel, clear structure, defined roles, diversity 

When it comes to working for a large company, the, generally, larger salary as well as the comprehensive benefits package attracts many job seekers, especially if they’re looking for some extra support with professional or self-development. This is frequently true for entry-level workers who see formal training programs as a major attraction, and are something that many smaller businesses can’t offer. 

Another benefit to choosing a big employer over a smaller one is the level of experience you can get. In a corporate setting, you will be allowed to focus on a certain range of responsibilities, and therefore gather more experience in a specific field. With a small business you’re more likely to end as an all-rounder, which is a good thing if you’re looking to get some comprehensive knowledge, however might become quite problematic when it comes to applying for a role that requires a deep, specialist knowledge. 

Cons: lack of creative and innovative ideas, slow process, lack of personal fulfilment, social cohesion 

Working for giants also has its downsides.  Often the sheer size of a company can be a big obstacle in order to keep a large company moving forward. This is caused mainly by its structure as it can take months, if not years for a new idea to be developed, digested and executed. 

Increasing bureaucracy and an every-day routine can be also overwhelming, especially for young and bright employees who just started on their career path.  Moreover, working for a large corporation would not suit the employees who hope to establish friendships with their co-workers as it’s hardly possible to get to know every single team member within a company of such size. 

Working for a small company 

Pros: extensive knowledge and hands-on experience, faster career advancement, improved workflow, learning all aspects of the business inside and out

While many job seekers tend to think that small businesses are lacking potential, they’re actually often bursting with possibilities. The biggest advantage of working within a smaller environment is definitely the possibility to gain more valuable hands-on experience. This is especially beneficial if you’re looking to learn how a business works from inside out. 

There is also good news for job seekers who are looking for a clear progression path, as you’re more likely to get recognised when working for a small business with less hierarchy. You’ll also be able connect with the upper management more easily, and gain exposure to skills and projects that may have been assigned to a senior associate or manager at bigger company.

Cons: limited benefits packages, no transfer opportunities, lower salary

When deciding between small and big employers, many job hunters seem to be put off by a limited benefits package that is often offered by smaller businesses. This can be especially uncomfortable for junior employees, who often seek perks such as private healthcare, on-site gym or annual bonuses. 

Smaller firms, due to their more fragile financial situations, also can’t afford whopping salaries, however they are usually in line with the industry averages.

When looking for a new job, it’s important to consider all aspects of the role, not least the size of the company. This can have a major impact on your responsibilities, progression and general happiness so don’t take it lightly. 

Are you looking for your next career step? Contact Bucks & Berks today and find your dream role within the Thames Valley.

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