Company In List Loan New York

Posted onFebruary 09, 2012 - 5:30 am by Admin | 0 Comments

Working in today’s climate can be challenging. Many of us find ourselves underpaid, overworked or facing the uncertain prospect of being made redundant. According to the Office of National Statistics, the number of unemployed people fell by 34,000 for the last quarter up to May 2010 to 2.47 million. But with the government making average cuts of 25%, the unemployment figure could rise.

Looking for work in the current climate can be a minefield and you may be wondering which type of company to approach. Are smaller companies more advantageous than the larger companies? Here is a list of the advantages and disadvantages of working for both. This list is meant as a guide only and may not apply to all companies.

Advantages of Working for a Small Company

  • You get to know everyone who works within the company.
  • You can gain a better understanding of how the business works.
  • There is flexibility for working hours – if your situation changes such as having a baby, you could change or reduce your hours. There is also more flexibility for leaving work to go to doctor's appointments, etc.
  • You can change your job role and take on more/less responsibility with the possibility of being sent on a course to broaden your job specification.
  • You may have leverage to ask for a pay rise as there may be no specific pay structure.
  • Easier promotion: you can apply for jobs within the company where you may not have specific experience but they are willing to train you.

Disadvantages of Working for a Small Company

  • Knowing everyone in the company can be difficult if you want to keep yourself to yourself (i.e., everyone will know your business).
  • There may not be specific policies in place, i.e., the maternity pay may not be in line with large companies.
  • The company could make your position redundant and then employ someone else to do your old job with a new title.
  • If you are on holiday there may not be anyone to cover your role so your workload could build up.
  • There may be a lack of training or an induction process.
  • It can be more challenging and you could find yourself multi-tasking with an expanding job description of tasks which other people don’t want to do.
  • If you decide to move from a small company into the corporate world, you may be up against people with corporate experience.
  • Grievance: If you have a personality class with your boss, it may be difficult to avoid them.

Advantages of Working for a Large Company

  • They have a structured training and induction plan.
  • There may be avenues to take, in the need of grievance.
  • You have a detailed job description and know exactly what your role is.
  • There will be other staff to cover you on holiday and sickness.
  • They may have a better social calendar, with an established social events team.
  • You could be entitled to company benefits, discounts and staff incentives plus a share scheme.
  • If there is more than one branch/office, you could have the possibility of transferring to another town.
  • It may be easier to progress within the company as there are more avenues for promotion.
  • You can be part of a larger team within a tiered structure and have more support and mentors.

Disadvantages of Working for a Large Company

  • The company may be too big, so you could remain anonymous or become alienated.
  • There may be company politics within your team.
  • There may be too many processes and channels to go through before any situation gets resolved.
  • You could miss out on certain holiday days over busy periods (Christmas etc) due to a first come, first served basis.
  • Your job role may become repetitive.
  • You may have to have a ‘back-to-work interview’ each time you have a day off sick.

Sources

Office of National Statistics


→ 0 Comments

Posted in loan mortgage specialist