The following factors should be considered when deciding to make a career in a large establishment:
1. Greater Specialization is Possible: Large business establishments employ people on the basis of
their training and skills for a particular aspect of the work. In a big firm, therefore, people will do the work they have been trained for and are interested in doing. Under such conditions greater skill and more specialization is possible, and may lead to more pay.
2. Large Establishments are more stable: The large size increases a firm’s chances for success and
survival.
3. Greater Job Security: Since large establishments generally have greater chances for success and
Prosperity, people working in them have a better chance of remaining longer in employment.
4. More Fringe Benefits: Large firms offer better fringe benefits to their workers. Such fringe
Benefits may include pension schemes, company- paid group insurance schemes, free medical expenses, leave allowance, study leave with pay, etc
Saturday, November 1, 2008
EMPLOYMENT IN A SMALL ESTABLISHMENT
What is it like to work in a small establishment? The following should be considered when deciding to make a career in a small business establishment.
1. Independence and Freedom: There could be more freedom in a small establishment because the individual has more personal control over success or failure.
2. Impact of actions is felt more: In a small establishment, an employee’s activities do not have a
noticeable effect on the business. An employee is able to see how his hard work helps the firm
grow. This may bring personal credit to him.
3. More Opportunities for Success: Small firms offer greater opportunities for success for the
worker with exceptional output.
4. More informal and Flexible Rules: Small establishments have less written rules and regulations
restrict activities. This means that policies, decisions and actions are more flexible.
5. Broad Experience is Possible: An employee can perform a variety of different tasks in a small
firm which may pay off in the long run in terms of acquiring more skills and experience.
1. Independence and Freedom: There could be more freedom in a small establishment because the individual has more personal control over success or failure.
2. Impact of actions is felt more: In a small establishment, an employee’s activities do not have a
noticeable effect on the business. An employee is able to see how his hard work helps the firm
grow. This may bring personal credit to him.
3. More Opportunities for Success: Small firms offer greater opportunities for success for the
worker with exceptional output.
4. More informal and Flexible Rules: Small establishments have less written rules and regulations
restrict activities. This means that policies, decisions and actions are more flexible.
5. Broad Experience is Possible: An employee can perform a variety of different tasks in a small
firm which may pay off in the long run in terms of acquiring more skills and experience.
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