Career Handbook
Large vs Small Companies
Small companies are generally privately owned and operated with fewer than 500 employees and/or less than $7 million in annual receipts. They can be an important, yet often overlooked, consideration in your job or internship search.
IS A SMALL COMPANY RIGHT FOR YOU?
Life in a small organization can be very different from life in a large organization. You should weigh the advantages and disadvantages of each and make an informed decision about which environment is most appropriate for you.
Advantages of a small company over a large one:
- You may be given more responsibility and may not be as limited by a "job description."
- You may be allowed to use your own initiative, rather than being closely supervised.
- Your ideas and suggestions may be given more attention. You may have more clout.
- Career advancement may be rapid in a growing company.
- You are likely to be involved in the whole organization, not limited to one area.
- The environment may be more informal and friendly. There may be fewer rules and policies.
- You may have the chance to be involved in the growth of something great.
Disadvantages of a small company over a large one:
- Many small businesses fail; you may have less job security.
- There may be lower starting salaries and fewer benefits.
- You may put in longer hours.
- A dominant leader can control the entire organization. This can lead to more "political games."
- You must be able to work with everyone within the organization.
- Both your successes and failures may be more visible.
- You may have fewer resources and support.
ARE YOU RIGHT FOR A SMALL COMPANY?
Because of the different nature of a small business, different qualities in employees may be needed. You will do well if you are:
- Self motivated
- A generalist with many different skills
- A good communicator
- Enthusiastic
- A quick learner
- Able to get things done on your own
FINDING A JOB IN A SMALL BUSINESS
Getting a job in a small company may require more work on your part, but the jobs are certainly there. When approaching a small company for a job, you may find the following differences in hiring practices:
| Large Company |
Small Company |
| Centralized personnel department |
No personnel department |
| Recruiters may seek out potential employees |
No full-time recruiters |
| Standardized hiring procedure |
No standard hiring procedure |
| May keep resumes on file for a year |
Probably won't keep resumes |
| Recruiters may conduct interviews |
Founder/owner may conduct interviews |
| Company literature easily available |
No printed literature |
| Website with extensive information and functionality |
Very limited website or none at all |
| Online application |
No online application |
| Hire months in advance |
Hire to start immediately |
| Have long-term personnel forecasts |
Hire as needs arise |
| Extensive training program |
On-the-job training |
| Predetermined job categories |
Jobs emerge as needs do |
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