Working in a startup can be both happening and challenging. There are numerous advantages and an equal amount of risk factors too. Let us bring to light what employees seek when they work in a company – whether it is a small organization or a multi-national.
Some of the priorities that employees value are package, benefits, job security, and career growth. Other factors like leadership and performance also play important roles for a section of people, while for the rest, work-life balance and company culture are paramount to thrive in a corporate sector.
Working in a start-up is a unique experience. One learns a lot of things and they are not under constant screening by the company because they are given enough space and scope to understand work procedures. But there can be work pressure because you will be on your probation period. So, before planning to work in a startup, if you have that vulnerable attitude towards handling critical situations, you are sorted. If success and failure at every consecutive step at a startup don’t intimidate you or turn you off, startups can be a great way to learn several valuable skills and upgrade your resume.
Since you will be wearing many hats, carrying out several distinct responsibilities, and learn new things that are in no way related to you, you will have a broader spectrum of experience and therefore, a well-formed and impressive resume to walk away with.
When candidates are looking for a career, they can generously go for startups because of all the benefits they provide. Today, numerous small-scale firms are willing to pay higher salaries than established companies. These companies tend to weigh high on a candidate’s list because of the unique work-culture it offers, the experience it provides or the many recreational stuff like fun events, trips and other incentives it has for its employees.
Startups are pronounced as a place of growth because an individual gets ample time and scope to deliver the best output and explore his capabilities, develop a vision for their work, plan their career graph and even groom himself for better work insights. By sidelining the risks involved, one should look forward to its dynamic environment that can not only make them work hard but also pay them handsomely at the end.
When it comes to the drawbacks of working in any startup, then there are some immediate risks. For instance, the policies meant for employee’s growth and company welfare, are not flexible. Pay-package is another major factor as start-ups usually have a salary bracket which is not much. Benefits are limited and incentive plans are not active until there are more employees and even the work-life balance can be tenuous initially. Besides, one also faces inattention in project handling where things are put on hold either due to staff dearth, insufficient database back-up or some other emergency at the workplace.
Since startups have a small workforce with a huge mission, new candidates most likely find themselves thrown right into the fire.
When you associate with a corporation, there is no rush. Employees are given time to train and familiarize themselves with the company procedures. There is no immediate work pressure in initial couple of months. Established companies have a bigger team and so, a single person’s performance doesn’t necessarily affect their routine job. Chances are that if you are working in a bigger association and want an early check out from your work, you won’t be questioned a lot because there would be a team to look upon. But in case of a start-up, doing the same won’t be easy. With a small workforce, startups do face crises in case there is a staff crunch, even if it means the absence of a single employee.
So when there is time for evaluating a suitable company, one should choose the right one by reviewing the pros and cons. Where startups give you an initial jerk, it will get you good results one day. And, if you feel a startup is good not for you, you still have the chance of working with the reputable ones to channel out your strengths.