A large enterprise or big businesses offer big benefits and perks like good salaries, a fancy workplace, etc. but when it comes to one’s personal or professional growth, SMEs (Small and Medium Enterprises) play an important role. Working in a small business, offers a plethora of benefits, as it recognises the potential and value of an employee.
Small businesses offer exceptional career opportunities to its employees, giving them a chance to stand out in the workplace.Working in a small or medium enterprise(SME), connects an individual to the senior management, allowing greater exposure to widen an individual’s skill set.
In today’s article, we look into why one should opt to work with SMEs rather than a big firm.
1. Widens one’s skill-set: Working in SMEs leads to a better understanding of the job role, helping develop and broaden one’s skill-set. Small businesses groom their employee’s overall skills set and encourage their entrepreneurial drive. They get an on-the-job, first-hand experience to understand and introspect the business better.
2. Advancement in the career graph: With ample opportunities to learn, all individuals get a platform to showcase their talent towards a positive progress in the company.
3. Offers employee-centric work culture: A smaller workplace leads to more cohesion amongst the team. An employee centric work culture leads to a better understanding amongst professionals and greater transparency in workflow, which is crucial to an organization’s growth. Unlike a large company, an SME creates an atmosphere that is more nurturing than that found in companies with thousands of employees.
4. Client-facing roles which facilitate better customer-centricity: Employees working in SMEs are in a direct client facing role, mostly. This lets the employees of SMEs understand the clients’ ask better, to give them a customised solution.
5. Adaptable and Flexible: A large company often has a complex structure whereas an SME has a more flexible work policy. This allows an SME professional, to contribute more to his company than someone of an equivalent designation in an MNC.
6. Rapid Response to Change: A simpler structured SME allows even junior level employees to learn more about the company’s industry as compared to employees of similar ranks in colossal multinationals.Employees who work in an SME intimately feel the pulse of their industry. Also because SMEs have a simpler corporate hierarchy, employees of such companies are able to understand and adapt more quickly to changes in their industry.
7. Greater Learning From Niche Industries: Many of the world’s largest companies are also the customers of equally large companies. This often means that many of the smaller niche segments in an industry are serviced by smaller and medium-sized businesses. This creates a niche that is ideal for SMEs to exploit and allow those working there, to gain better insight into niche industries and market segments.
Working in any organization opens up avenues for many learning experiences. SMEs stand apart from their larger counterparts because of their ability to help employees grow in a manner, which is unique and distinct from the kind of growth possible in companies that have a thousand or more employees.
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