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?

People currently prefer to work in the big

companies

rather than in the small ones which are more preferable when in the past. The benefit of working in the big

companies

are high salaries and the

career

development they provide.

However

, the drawbacks are the high competitiveness in developing a

career

in well-established businesses and the

companies

are less innovative. Big firms mostly provide high salaries for their employee.

Besides

, most of them give additional income

such

as positional allowance, living cost allowance and others.

Furthermore

, large institutions commonly have a clear

career

path which provides large opportunities for their employee in developing their

career

until they are retired. The

companies

have a standard organizational structure that very rarely changed.

For example

, Coca Cola company is a multinational big company that provide high salary for new entry employee compared to a start-up firm in the US.

However

, working in big

companies

mostly faces a highly competitive working environment. The

companies

have a big number of employees and they have to compete with each other to get promoted to a higher-level

position

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positions

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. Another disadvantage is the big

companies

mostly have less innovative programs. They have a standard and rigid regulation in all aspects including workflow process, product program, and structure.

For example

, Citibank as the one big banks in the US has fewer digital banking products compared to other small banks in the US. In conclusion, working for the big

companies

mostly provided with high income and get the opportunities to develop a

career

until retirement.

However

, the drawbacks are the competitiveness between the employees and the rare adoption of new programs for innovation.