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
. Accordingly
, the number of people
employed by these big businesses
is increasing exponentially. This
essay will discuss both sides to this
issue.
There are many advantages to working in large companies
. Firstly
, jobs in these companies
are relatively steady. Since the big companies
have an established position compared to any small business, they do not go through high attrition cycles unless a catastrophe occurs. For example
, when the COVID-19 pandemic struck the world, many small businesses
were completely shut, but big businesses
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
, an employee of the Hilton Corporation can benefit from subsidized medical benefits and can also
take advantage of employee-only pricing. Large conglomerates also
provide their employees with an opportunity to travel and work in their branches in different parts of the world. Thus
, working for such
large companies
is preferred by many people
.
It also
comes with some demerits. It is observed that people
working for big companies
have lower job satisfaction. This
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
, 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
is that life can be quite stressful. Due to the high level of competition among the big companies
, their employees’
clock in longer working hours. In small Change noun form
employees
businesses
, however
, people
often contribute to diverse fields and do not have to cope with high levels of stress.
In conclusion, the current trend of big companies
replacing traditional local businesses
is progressively increasing. As we discussed in the essay, there are some obvious benefits to this
change, but it certainly comes with some disadvantages.Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
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