In the past, most people worked for small businesses, while more people now work for large businesses. What are the advantages and disadvantages of working for large businesses?

Thanks to capitalism, more and more business conglomerates are replacing small
businesses
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.
Accordingly
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, the number of
people
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employed by these big
businesses
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is increasing exponentially.
This
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essay will discuss both sides to
this
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issue. There are many advantages to working in large
companies
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.
Firstly
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, jobs in these
companies
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are relatively steady. Since the big
companies
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have an established position compared to any small business, they do not go through high attrition cycles unless a catastrophe occurs.
For example
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, when the COVID-19 pandemic struck the world, many small
businesses
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were completely shut, but big
businesses
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were able to weather the storm with little difficulty. Another advantage of working for large organizations is that they offer competitively higher salaries and other benefits.
For instance
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, an employee of the Hilton Corporation can benefit from subsidized medical benefits and can
also
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take advantage of employee-only pricing. Large conglomerates
also
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provide their employees with an opportunity to travel and work in their branches in different parts of the world.
Thus
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, working for
such
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large
companies
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is preferred by many
people
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. It
also
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comes with some demerits. It is observed that
people
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working for big
companies
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have lower job satisfaction.
This
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is because they are entrusted with fewer responsibilities, and it is not possible to grow beyond the specific department one is working in.
For example
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, in an IT company, an employee has to perform the same jobs day after day, and the prospects of growth are limited. One more disadvantage of working for big
companies
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is that life can be quite stressful. Due to the high level of competition among the big
companies
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, their
employees’
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employees
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clock in longer working hours. In small
businesses
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,
however
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,
people
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often contribute to diverse fields and do not have to cope with high levels of stress. In conclusion, the current trend of big
companies
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replacing traditional local
businesses
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is progressively increasing. As we discussed in the essay, there are some obvious benefits to
this
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change, but it certainly comes with some disadvantages.

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Topic Vocabulary:
  • job security
  • employee benefits
  • professional development
  • career advancement
  • financial stability
  • bureaucratic structure
  • creativity
  • job satisfaction
  • morale
  • work-life balance
  • intense competition
  • job pressure
  • skill acquisition
  • diverse range
  • corporate culture
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