In today’s job market, attracting and retaining talent is a challenge for all businesses, no matter your size. A concern unique to small businesses, however, is competing against larger companies that can offer things like higher salaries and expansive benefits packages. What your applicants may not realize is that as a small business, you also have advantages that larger companies don’t.
The Promise of Long-Term Financial Security
One of the biggest advantages of working for a small business is that small businesses are able to offer longer-term financial security. In the corporate world, you are much more likely to experience downsizing, restructuring and other changes that prioritize the company over the employee.
Small companies tend to foster loyalty and stability, creating strong relationships between the owner and employees. When your employees know that you value them and are committed to their long-term success, they are more likely to remain loyal to you, even during challenging times.
Unmatched Growth Opportunities
Another significant advantage of a small business is its potential for growth. In large companies, an employee’s career progression can be stunted. Employees often find themselves stuck in positions with little opportunity for growth, as higher roles are already filled.
Small businesses, however, are usually in some phase of growth or evolution, meaning there are almost always opportunities for growth. When you work for a small business, you contributions will also have a more noticeable impact, which can also lead to faster career growth.
Plenty of job seekers are looking for a competitive salary and good benefits package, but what is oftentimes even more important is being able to give them a place where their work is valued and rewarded. That is one of the biggest opportunities you offer as a small business owner.
Reach out to our team today
Small businesses have unique advantages that can make them more attractive to potential employees. By emphasizing long-term financial security and providing clear opportunities for growth and advancement, small businesses can compete effectively against their larger counterparts.
The key is to communicate these advantages clearly during the recruitment process and to follow through on your promises. When your employees feel secure, valued, and see a path for growth, they are more likely to choose and stay with your small business. Reach out to our team today, or watch this video by Tom, to learn more about the advantages of working for a small business.
It’s, it’s really not that hard to do. There’s, there’s two big advantages that a small business owner has over the big company opportunities. And if you, if you choose to use these, one is you could offer the employees long term financial security. So the problem with working in the big company world is you get.
Let go and downsize and upsize and transfer all over the, there’s no long term security anymore for that job. It’s just a job. They’re just like buying your time for a short period of time. And they’re paying you more to do that, to get you. But it’s not going to last that long. And, but you as a small business owner, if you have this company culture, um, And, you know, you, you can offer your employees.
Ease long-term financial security, you can say to them, look, uh, as long as you, uh, you know, make it past the first six months and you’re, you’re a good employee and we now know you’re a good employee, we will always be there for you because you’re always there for us. And, you know, we will, you know, do everything we can to not have to let you go or lay you off.
And, uh, and, you know, and, and mean it. You know, when you say it, mean it and do it and, and, and, and then, and then over. You can point to all the people in your, in your company that have been there forever that you’ve taken care of and maybe a really good employee had a bumpy spot at one point, but you stuck with them, you know, and supported them and helped them get through that because they’ve done it for you and, you know, and then the people coming in can go, wow, this is, yeah, this guy, he really means it.
This is a long term thing. financial security job is going to do everything you can to keep that revenue stream coming in for my family. So, and I know different small business owners have different, you know, networks and ability to, uh, to keep things going in, in bad times. But, um, you know, if you try, you know, you can, you can go a long way there even if you don’t have deep pockets.
The second big thing that small companies have over the big companies is that the small companies, um, have growth. They have an enormous amount of growth, uh, left and so that’s where the opportunity is. So in most of these big company opportunities, there’s no more growth left. Uh, all the good opportunities, uh, like progression in a career path.
is, is more about the company, the opportunity within the company than it is for, uh, you know, lots of really good, talented employees. You can have lots of great, talented employees working at a company with no opp growth opportunity and you’re going nowhere. You know, they don’t even want you to go up the, the ladder because there’s nowhere for you to go.
They just want you to stay where you’re at. You know. So, that is a huge advantage that the small business owner has and especially if you link it with incentive based pay along with it, which most big companies don’t, don’t really have. Uh, you know, uh, uh, so you can, you know, you can, you can easily beat out the, the, the big company opportunity people, uh, if you know what you’re doing.
