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87
last year. And companies with between 20 and 499 people will have spawned another
third of new employment. Smaller companies will have generated approximately 2.5
million new jobs in 1995. At the same time, large corporations continue to downsize.
Dun & Bradstreet estimates that big companies (with more than 500 employees) will
create only slightly more than 1% of new jobs.
What that means to you is that if you do leave your current position, the odds
are very good you'll be talking to smaller companies.
Your friend's complaint about lacking staff and resources is commonly heard
from executives who've left a large corporation to join a smaller firm. Still, many
people who've made that switch find themselves enjoying a renewed sense of hands-
on involvement. They quickly learn to appreciate the lack of bureaucracy common in
big companies. Because smaller companies mean smaller staffs, each employee is
expected to contribute more. As a result, hours can be longer and demands greater.
You've had 45 people pulling together to accomplish your department's goals. With a
small company, you may find yourself doing the same work, but by yourself. And
while adjusting to that solo responsibility, you might also find yourself being asked to
lend a hand in the marketing of your smaller employer's products or services. Many
men and women leaving big business to work for smaller companies report a feeling
of satisfaction because of their direct involvement in the smaller company's future.
Rather company than having to go through many layers of management to reach the
ultimate decision maker, they find themselves in close proximity to the smaller firm's
president, needing only to pop in when they need an immediate decision.
There is the parallel satisfaction of feeling like an entrepreneur without having
to take the ultimate risk of going into one's own business. The smaller company's
success will rise and fall with the collective efforts of just a few people, including
you.
Chances are you'll be paid less by a smaller company. But while your base
pay might not match what you enjoyed at the big corporation, small firms offer
bonuses and stock options on performance. In many cases, a successful company will
end up paying seasoned executives more ill the long run than previous large
employers have paid. But, of course, if the smaller company doesn't prosper, neither
will you.
Smaller companies need experienced executives like you to keep up with the
demands of their growth. Growth can be chaotic and rapid, creating the need to fill
positions quickly just to keep pace. This means not advertising as often, instead
filling positions through recommendations from others. Nowhere is the use of an
effective professional network as important as when you seek a job with a small firm.
When a small company lands a new contract, it's often reported in the
newspapers or in a trade publication. This notice provides an opportunity for you to
let the management of that company know that you're available.
Anew contract often means a need expand the staff. My advice is to be open
to every opportunity out there, whether it's a huge, multinational corporation with
billions in sales or six people who've found a niche and are committed to filling it.
/39/
last year. And companies with between 20 and 499 people will have spawned another third of new employment. Smaller companies will have generated approximately 2.5 million new jobs in 1995. At the same time, large corporations continue to downsize. Dun & Bradstreet estimates that big companies (with more than 500 employees) will create only slightly more than 1% of new jobs. What that means to you is that if you do leave your current position, the odds are very good you'll be talking to smaller companies. Your friend's complaint about lacking staff and resources is commonly heard from executives who've left a large corporation to join a smaller firm. Still, many people who've made that switch find themselves enjoying a renewed sense of hands- on involvement. They quickly learn to appreciate the lack of bureaucracy common in big companies. Because smaller companies mean smaller staffs, each employee is expected to contribute more. As a result, hours can be longer and demands greater. You've had 45 people pulling together to accomplish your department's goals. With a small company, you may find yourself doing the same work, but by yourself. And while adjusting to that solo responsibility, you might also find yourself being asked to lend a hand in the marketing of your smaller employer's products or services. Many men and women leaving big business to work for smaller companies report a feeling of satisfaction because of their direct involvement in the smaller company's future. Rather company than having to go through many layers of management to reach the ultimate decision maker, they find themselves in close proximity to the smaller firm's president, needing only to pop in when they need an immediate decision. There is the parallel satisfaction of feeling like an entrepreneur without having to take the ultimate risk of going into one's own business. The smaller company's success will rise and fall with the collective efforts of just a few people, including you. Chances are you'll be paid less by a smaller company. But while your base pay might not match what you enjoyed at the big corporation, small firms offer bonuses and stock options on performance. In many cases, a successful company will end up paying seasoned executives more ill the long run than previous large employers have paid. But, of course, if the smaller company doesn't prosper, neither will you. Smaller companies need experienced executives like you to keep up with the demands of their growth. Growth can be chaotic and rapid, creating the need to fill positions quickly just to keep pace. This means not advertising as often, instead filling positions through recommendations from others. Nowhere is the use of an effective professional network as important as when you seek a job with a small firm. When a small company lands a new contract, it's often reported in the newspapers or in a trade publication. This notice provides an opportunity for you to let the management of that company know that you're available. Anew contract often means a need expand the staff. My advice is to be open to every opportunity out there, whether it's a huge, multinational corporation with billions in sales or six people who've found a niche and are committed to filling it. /39/ 87
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