As the job market continues to thaw, recent grads and long-time job searchers have more opportunities than at any time since the housing bubble burst in 2008. New job-seekers have an array of options, but many will have to choose between taking the first step onto the corporate ladder or cutting their teeth at a smaller company. Businesses are all unique, but large and small companies each provide distinct advantages and disadvantages.
If you\’re in the market for a new job, consider stability, environment and potential as you decide between a large or small company.
Large Company Pros
Stability: Large companies don\’t get where they are overnight. They develop a foundation of success that is unlikely to crumble overnight. When you join a large company, you\’re joining a machine that is already producing for its customers. This history of success provides a blanket of stability and the freedom to make mistakes, so long as you grow in the process.
Resume Booster: What\’s in a name? On a resume, a lot. When you\’re able to put a large company on your resume, you attach its prominence and reputation for success. Your job with a big company could be a catalyst for future success.
Better Offer: Large businesses usually have the resources and financial flexibility to invest in their employees. If you\’re looking for the strongest offer, large businesses often combine competitive salaries with generous benefits packages.
Large Company Cons
Hard to Get Noticed: Some corporations are so efficient that they don\’t notice the new cogs in the system. You\’ll have to work extra hard to stand out in a large business.
Stale Atmosphere: Few dream of heading to a drab office to spend eight hours cooped up in a cubicle. That\’s often the setting if you work for a large business.
Small Business Pros
Potential: Small businesses aspire for growth, and if you\’re apart of that growth, you have the chance move up quickly. Small companies are teeming with potential to get recognized. One account, sale or project can be a big boost to the bottom line. Make your mark at a small business and you\’ll have the chance at a management position at a young age.
Experience: Money is important, but the most valuable thing you can give yourself is experience. Small businesses afford you the opportunity to work on something from the ground up. You\’ll take ownership of your work and, in some cases, you\’ll fail. The experience of being a part of a business fighting for its place in the market is priceless.
Culture: Business is about the bottom line, but that doesn\’t mean it can\’t be fun. Small companies often use their flexibility to create an energetic, rewarding environment. Phoenix-based digital agency iAcquire gives its employees a creative outlet in the form of a ping-pong table and company outings. A fun, community-driven atmosphere will keep you excited for work.
Small Business Cons
Less Money: Often using bank loans to pay bills, small businesses usually won\’t \”wow\” you with an offer. Some can\’t even afford to provide health insurance.
More Volatile: The financial health of a small business is subject to change at any moment. One legal case or lost client can put everyone\’s job in jeopardy. If you can handle the possibility that your job could end quickly, you\’ll be able to work at a small business with peace of mind.
Author Bio: Ken Sizemore, Ken helps people find jobs in the IT industry.