There are going to be moments during your career when you might be faced with the decision to move on to another company. With resources such as LinkedIn and Indeed, companies can post jobs and review candidate profiles with the click of a button, and recruiters can actively look for top talent to bring to their companies. But what can you expect when you leave a small company for a big corporation?
Believe it or not, a lot of the talent in big corporations comes from smaller companies. When you work for a smaller company, you learn to handle more tasks and responsibilities compared to those who work in larger companies with more available resources.
So, how do you know if moving to a big corporation is the right decision, and what can you expect?
The Benefits of Large Companies
Generally speaking, larger companies can offer better benefits packages because of their size. They usually have access to better health insurance plans, life insurance plans, and retirement options. Smaller companies might be able to offer the same options, but the cost to the employee could be substantially higher because of the lower employee count.
Retirement plans are a great benefit that generally comes along with working for a larger company. Things like 401K Retirement Plans with bigger match options and ownership stakes in the company through Restricted Stock Units (RSU) are things that most smaller companies are unable to offer.
Sometimes larger companies also have corporate partnerships with other companies or vendors where you can get access to special sales, rates, or discounts! You should also ask about paid holidays and paid-time-off packages. It’s always good to know how much time you can take off every year!
When looking to move to a new company, always be sure to ask the recruiter about what benefits their corporation has to offer.
Travel Opportunities at Large Companies
If you are someone who wants to explore the world or work internationally, a big corporation is more likely to offer you travel potential or relocation options. Large corporations generally have major offices located across the globe, so if you are looking to move around, you can do so without having to pay for it out of pocket.
If this isn’t something you want to do, you might want to be aware that at some point, you may be asked to travel for short-term assignments or long-term relocation depending on your skills and business needs. During the interview process, ask the recruiter if travel will be a requirement for the position.
Better Pay and Advancement Opportunity at Large Companies
Unless you are the owner or have one of the few high-level positions in the small company you work for, you might not have much if any upward potential. This doesn’t necessarily mean you aren’t good at your job. You just have to wait for an opening or the creation of a new position.
Large corporations offer more room for advancement and promotion as they expand their business. A lot of people in sales positions, for example, start in smaller companies and then move to big corporations because of their improved skills. At a larger company, they can get promoted to a management position and learn about new markets.
The experience you take with you from a large corporation could lead you to better salary opportunities in the future.
New Skills and Experience
When working for a large corporation, you’ll have more opportunities to learn new skills and work on different teams. They even encourage employees to gain new skills to challenge themselves and offer a new perspective. Maybe you came from a sales background but decide you want to move into an HR position — a larger company could give you the chance to figure that out.
Big corporations generally have a dedicated training staff making it easier for employees to gain new skills. A smaller company usually doesn’t have the resources in either staff or time management to do so.
Training makes lateral moves much easier to pursue in big corporations, which leads to more opportunities in the future.
Work-Life Balance at Larger Corporations
People that work in smaller companies many times find themselves wearing many hats. This might mean you are putting in a lot of extra hours because you’re supporting other teams to keep the business running.
Big corporations have multiple departments to help break up that workload. That can mean a better work-life balance.
Also, depending on the benefits the company has to offer, you can take advantage of some well-deserved vacation time without worrying about what will happen while you’re out.
Know your worth and keep an open mind when presented with new opportunities. No one says you have to make the move to another company, but you should be able to make a well-informed decision by asking the right questions.
Understand their benefits packages, retirement plan offerings, vacation time, and where the company is going and what future opportunities they might be able to offer. Good luck on your search, the world is full of opportunities, so don’t let anything pass you by!