An advantage of working in small company is that rather than having just a small number of clearly-defined responsibilities, you may be given a wide-ranging brief - one that isn't always limited to your area of expertise. Being a small business offers some distinct and impressive advantages. “Recently, we hired a new marketer for our marketing department. And you will know that, although things are never easy, being a SME also allows you to hide some aces up your sleeve. You will expand your network quickly in a closely-knit neighborhood.”, I'm a freelance journalist, content creator and regular contributor to Forbes and Monster. Take small tech companies for example. Faster response time to customer needs. Pros: A chance to develop your skill set – Smaller companies tend to adopt an ‘all hands on deck’ kind of attitude. He told me after three weeks that he really liked it here because he felt his department leads actually value his opinions. For starters, you have tremendous room for growth. So, either the cons of working for a large company are enough to scare you off, or you just know you’re a small-company kind of person. Home Office: One Nationwide Plaza, Columbus, OH. Not all Nationwide affiliated companies are mutual companies, and not all Nationwide members are insured by a mutual company. Small businesses can boost your professional development. In a small company, it is less likely that difficult customer problems will fester because the owner will know sooner and take action. Working with a small company has its own advantages. Eighty-four percent of small-business employees are happy in their current job, according to the 2017 Aflac Small Business Happiness Report. 4. Small business owners can emphasize the advantages of working closely with senior-level managers and potentially gaining a firsthand view of many aspects of running a business. Remember there are many advantages and disadvantages of working in a team. Expertise:Your customers appreciate your in-depth knowledge. At a small company, it’s easier to see that you’re making a difference, and to have a feel for your value at the firm. 3. Flexibility: if you thrive on taking on new challenges, there’s usually plenty of scope for that in a small company. Learn how to get the most powerful benefits from your inherent advantage in size. Nationwide Investment Services Corporation, member FINRA. Small companies are the ones that have a total workforce of five hundred or less. “We currently have around 50 people,” says Zachary Painter, a career adviser and hiring manager at ResumeGenius.com. Small firms often have more flexibility in how projects are carried out. Small business owners should develop and promote their workplace cultures as assets, whether the culture is a supportive family atmosphere, or one with an emphasis on creativity and innovation, or something else. Depending on the particular organization, the advantages of working for a smaller company early in your career can include: – Opportunities to take on responsibility beyond your job description – Less strict policies about working hours and days off – Ability to make a … Small companies are usually more nimble than their large-company counterparts. Entrepreneurs are their own bosses. Today I want to focus on some of the advantages of working for a small company like Segue Technologies. All of these different aspects contribute to a career that fosters personal growth and allows you to realize your full potential as an employee and as a person. Advantages of working for a small company. They also thrive at startups. Almost a quarter cited “seeing the fruits of their labor” as the best part of working for a small business. If you are highly productive at work then your talent can be easily recognized. May 04, 2018. Other perks, according to people in the field: Independence: “With a small company, you have so many more opportunities for autonomy,” says Keema D. Small, principal/executive talent acquisition advisor with TalentAnswers. 9. “It is more of a meritocracy than in a large company.”, Invention. Irrespective of advantages mentioned above, working for big companies has some drawbacks. When you work in a small startup company, you are exposed to a lot of work and challenges. You may start out as an intern and work your way up to a high-level management position. Uniqueness:What you make is distinctive and desirable. Due to the smaller workforce and more streamlined structure of a small business, there is a chance that employees will end up taking on a variety of responsibilities. Many corporations pride themselves on their strong workplace culture, an important differentiator for job applicants. Being a small business, you have really distinctive advantages over larger companies – ones you can use to ensure your business grows and flourishes. I have worked in many companies and saw how things roll out there in small companies. Others felt that their input mattered or that they were noticed by people who mattered—something that might be missing at a large corporation. “Everyone wants to do work that has an impact, and in a small company, you can often see the impact of your work on a daily basis,” Montgomery says. When you choose to work for a smaller organization, you stand a greater chance of being noticed. Small business owners can promote a culture that aligns, or at least aspires to align, with the best corporate cultures in their industry. Working for a small company challenges you to push yourself outside of your comfort zone and take risks you most likely wouldn’t have the opportunity to take in a larger company. “For people who don’t have all the check-the-box letters (BS, MBA, Ph.D., etc.) Small companies also tend t… That means employees have high visibility from their first day and their creative ideas and hard work will be seen by the people at the top. Small businesses generally cannot afford large bonuses. Owning a small business has its advantages and disadvantages. “You in turn learn more from your colleagues, and thus you grow as an employee because you have the freedom to express your opinion, be more creative and come up with new resolutions. You Get Your Own Cubicle: Working at the office gives you your own space and some privacy. Big doesn’t necessarily mean better in career terms. “Since you’ll have the opportunity to work in multiple functional areas, you can gain exposure to the business and senior management, setting you up for leadership or entrepreneurial roles in the future,” Good says. People are willing to explore and experiment with their career. Here are some benefits of working for a small company compared to a large business: Many workers are hungry for hands-on experience and eager to gain practical skills. The best reasons to work for a small firm are common sense really. I've written for AARP, the BBC, Family Circle, LearnVest, Money, Parents and. Many U.S. workers dream of a job at a large company with a well-known brand name. “Employees at small companies are often able to gain exposure more quickly to different functional areas of the business,” says Brett Good, senior district president for Robert Half staffing company. 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