According to research from job search website totaljobs.com, jobseekers underestimate the value of SMEs by directing their attentions to big-name companies with clear career routes.
In fact, findings showed that over a quarter (28%) had not even considered working for a small-medium sized company.
Of those who had considered this, more than half (51%) wrongly thought there would be little opportunity for career progression with an SME, while one third equated smaller companies with smaller wages.
While ladder climbing and fat pay packets might be out of the question, 34% of respondents did think they would prefer the environment and office culture of an SME compared to a bigger company.
This was mainly due to closer relationships within a smaller team, and more opportunities to make friends and feel like a part of a close-knit team.
John Salt, Website Director of totaljobs.com thinks people are misinformed about SMEs. He says employees of smaller companies are – “More likely to be noticed […] and rewarded with promotions and pay rises, whereas it’s easier to be overlooked at larger companies.”
Another great benefit of working for a growing SME is of course the vast potential for expansion and new opportunities. As the company grows, new roles are likely to develop offering current employees room to lead their own teams and projects.
Mr Salt believes SME bosses have a responsibility to promote the benefits of working for smaller companies and to demonstrate that opportunities do exist for jobseekers.
SMEs are of course vital to the UK economy and they have the potential to provide a wealth of opportunity for workers to learn, grow and succeed in their professions.
If you are interested in starting an SME, you might find our Starting a Business page useful.
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