When deciding the course of your career, searching for the right job and finding a good fit in the organization is very important for personal satisfaction and deriving fulfilment from the job. Deciding upon the kind of the company—an established brand name or a small business—that you want to join can be the first step in this direction for aspirants seeking their dream jobs.
Generally, people prefer to work for well-known companies, who have a big market presence mostly for the high salaries that they offer along with the standard accompanying benefits package such as private healthcare, insurance cover, bonus, pension and so on. Moreover, blue chip companies tend to offer greater job security as compared to small companies during conditions such as recession or economic slowdowns.
But, small and medium businesses (SMB) are often the main pillar of an economy. According to the Small Business Administration—a United States government agency that provides support to entrepreneurs and small businesses—64 percent of the new jobs created between 1993 and 2011 were offered by small businesses. In many of the world’s developing economies, SMBs account for more than 90 percent of all the listed firms, contribute about 50 percent of the gross national product, and employ about 60 percent of the working population. According to the Enterprise Directorate, SMBs offer 58.7 percent of all the employment avenues in the UK.
SMBs represent the fastest growing sector of the economy. Here are the reasons why you should consider working for a small company over a larger one.
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Getting to know yourself: Getting to know for sure, the area you would like to focus on in your career path, is a tricky proposition. Working for an SMB gives you the advantage of getting to work in various domains so that you can decide which function or domain you are good at.
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Greater fulfilment from work: In an SMB, you get to carry out a number of different tasks and function in many areas of the business. SMBs give you the opportunity to acquire new skills and discover your hidden potential. This provides greater job satisfaction, more wide-ranging and interesting job roles, and in turn, less chances of stagnation.
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Employee contribution and sense of ownership: Seeing your ideas being implemented and contributing to projects from start to finish makes people feel a sense of ownership and responsibility for the success of the company. Employees see themselves as a part of the family, which makes them feel like contributing to the well-being of the organization.
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Power to take decisions: With lesser number of layers and almost flat organizational structures, people who work in carry tend to have the liberty to work independently and take small decisions by themselves.
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Easy Recognition: It is easier to be recognized for your work and contribution because of the small business that you work for. Top management and owners can easily notice your hard work and its contribution to the organization.
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Approachable Management Team: The flat structure of SMEs makes it possible to work in close coordination with the senior management for any guidance. This contributes for a greater learning experience at work.
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Changing with the changes of the business environment: The smaller size of the organization and lesser number of employees makes it possible to recognize the changes in the volatile business environment, take fast decisions, and quickly adopt those changes.
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Experiment more: It becomes easier to implement creative ideas and experiment with innovative ways to do things with the kind of simple reporting structures that these organizations have.
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Interesting benefits: There is scope for newer and interesting ways to award the employees with interesting perks, which can work wonders to boost the morale of the close knit familial structures that are characteristic of an SMB.
Ultimately, the learning and experience that you gain during your work is more important than the size of the company that you choose to work for. Growth in the corporate world is sure to follow you if you create a positive goodwill in your stint with the company, irrespective of its size. Go for small to make it big!
Come join our team, send your resume to : –
apply@brio.co.in