If you are job hunting, you may be weighing the pros and cons of working for a global corporation versus a local mom-and-pop. While there are benefits of working for a smaller business, the benefits of being part of an international corporation tend to outweigh them.
For example, check out the following reasons that working for a global company is probably more beneficial than signing on with a small startup:
Really Awesome Perks
One key benefit to working for a global company is that they are often big enough and have the capital behind them to provide their employees with some amazing perks. A great example of this is Starbucks; the worldwide coffee company has a first of its kind collaboration with Arizona State University that offers part and full-time employees full tuition coverage for every year of college to earn a bachelor’s degree. Partners at Starbucks take the college courses online, so they do not have to live in the Phoenix metropolitan area in order to take part in this generous offer. These students also receive support from a team of advisors and coaches as well as 24/7 tutoring. For people who would like to earn their college degree but have put it off due to financial (or other) reasons, working for Starbucks can give them the chance to fulfill their higher education dream.
Another solid benefit of working for a global company is having the opportunity to expand your horizons and experience new things. For instance, Amway is a global health and beauty leader that empowers people to earn extra income and experience what it is like to be an entrepreneur. While working for a smaller company often means having to be inside a building for certain hours every work day, Amway allows its independent business owners to spread their wings and set up their own company from home, on their own schedule.
More Revenue Streams
Companies that have gone global often have access to new sources of revenue, which in turn means higher profits, more company growth and the ability to pay workers more than a small startup would. In many cases, this equates to a fatter paycheck for you. According to data collected by the U.S. Census Bureau, the average pay for employees of a small business with 20 or fewer people on the payroll was just under $37,000; the average pay for employees at a large company was just over $52,000.
The Opportunity to Specialize
If you work for a startup, you may be asked to wear a number of hats throughout the day. If you accept the role of public relations specialist for a small local company, you might tackle email campaigns, answer the phone, social media posts and product marketing, for example. If this is OK with you, then you might do fine working in a smaller company. But if you prefer to take the specialist route—and don’t want to do the administrative stuff—you may be better off in a global business where you really get to hone your talents on a specific responsibility. For instance, if you work at the ticketing counter at a large airline, that’s all you’ll do. If you work for a smaller airline such as Allegiant Air, you may be required to perform pre-boarding security checks, sell and serve snacks, complete inventory and more.
Big is Often Better
While you might be tempted to help get a fledgling company off the ground, there are definite advantages to working for huge corporations that have been there/done that in a variety of ways. In addition to killer perks and the ability to learn new things, a larger corporation often offers more pay and the chance to sharpen one key skill, all of which are definite plusses for many people.