4 Benefits of Working at a Smaller Company—Especially if You’re a New Grad
I’m often surprised by the reaction of job seekers when speaking to them about the size of a company that they are considering as their next potential opportunity. It seems that most candidates (especially new grads and those just entering the job market) are only looking for a large corporation to join. Although large companies definitely have their perks, candidates are often favoring them for the wrong reasons.
Generally speaking, large corporations will have a better benefits package for their employees and offer greater structure and stability. But is that what you really want? Structure and stability? Maybe 50 years ago when people stayed with the company that hired them right out of school until retirement. Fortunately or unfortunately, the days of pension plans and gold retirement watches are over. Change is taking place at a more rapid rate than ever before and employees are switching jobs every few years.
So what do you need now more than ever before to keep your edge as an employee? Continuous growth and development. Here are 4 ways a smaller company will help you achieve that.
1- You will learn the business inside and out. There’s a certain level of organized chaos that is apparent in most small businesses—as opposed to the “assembly line” formation in larger companies, teams in smaller businesses have no choice but to work together as a whole to make sure each project is completed in a timely fashion. Wearing multiple hats in your company will teach you the business better and more quickly than your could learn any other way. If you’re gunning for a management role or hoping to start a firm of your own in 5 or 10 years, you better understand everything about the business you’re in.
2- Growth opportunities can be realized more quickly. Not all small businesses will offer this perk, but any truly entrepreneurial small business will often be in growth mode. Not only will you face less competition when being promoted to a higher position, but you will also rarely be replacing another employee in their old role—which can actually be rather stressful.
3- You can have a real impact. When working at a smaller company, you can really feel like you’re a part of something—rather than just an employee number. You can be creative and contribute to the direction of the company—and your hard work will actually be noticed!
4- You can develop direct relationships with owners and executives. If you think about the long run, you will trade a dental plan with direct mentorship from your company owner any day of the week—especially if you’re new to your industry. These relationships are paramount to any benefits or incentives package you can receive early on in your career.
So if you’re contemplating your next challenge or next step to progressing your career, think twice before dismissing smaller companies as an option. Are you serious about achieving your professional potential and making an impact or are you only concerned with having a recognizable logo on your business card?
Navid Amin is Recruitment Consultant at RMSG in Toronto, Canada. Navid helps clients through designing and implementing hiring initiatives. He is passionate about sales, marketing and technology. Connect with him on LinkedIn at ca.linkedin.com/in/navidamin and follow him on Twitter at @Navid_Amin.