Monday, April 13, 2009
Critical Considerations When Jumping to a Small Employer
If you've ever worked for a big company, you know the advantages: everything from a comprehensive employee benefits package to a great holiday party every year. Letting go of those goodies can be tough, but what if you don't have a choice? What if your large employer has kicked you to the curb along with the thousands of others who have been laid off?
One of the options to consider is going to work for a small company. But hold the phone -- jumping from a "battleship to a fishing boat" as one small business owner put it may not be that easy. For one reason, you may not like doing without all the corporate-world goodies (including the salary), and for another, a small employer may not want you.
That may be a hard pill to swallow. Not want you? Who wouldn't want your big MBA degree or your prestigious pedigree from a top corporate firm (even if it is limping like a three-legged dog) and everything you have to "teach" the little guy?
In interviewing small business owners for my Gannett ContentOne (formerly known as Gannett News Service)and USAToday.com column, I discovered that there is some trepidation about hiring "big company" employees.
“There’s a tremendous fear when you hire someone from a large company that they won’t stay because we can’t offer them the same level of benefits,” says Greg Redington, of REDCO Engineering and Construction Corp. “It’s a big stumbling block to hiring these people.”
While Redington has hired several people over the last three years to work for his 15-employee company in Westfield, N.J., he says the key is finding those workers who are willing to let go of their “corporate mindset” that is “completely contradictory” to a small business.
“If the phone rings here four times, then that means the receptionist is doing something else and you need to pick up the phone. If we need toilet paper in the bathroom, you need to go get it from the supply closet,” he says. “If you come from a big company and consider that an insult, then you don’t understand working for a small company.”
Steve Jakes, owner of Drake Co. in Chesterfield, Mo., which employs 22 people, agrees.
“The key is understanding the culture. In a small company, it’s sort of like family in a way. You need to be able to mix and mingle and interrelate with the other people. There’s no room for silos,” he says.
So how does someone from a large employer land a job at a small company and be content with the change?
Kathryn Kerge, president of New York-based Kerge Consulting, which provides human capital strategies to small businesses, says that those making the leap from what Drake calls the “battleship to the fishing boat” need to focus on the positive aspects of working for a small employer.
“It’s going to be obvious to any hiring manager if you are going in with any trepidation,” Kerge says. “If you’re not 100 percent sold on the idea of working for a small employer, then they’re going to know it.”
Currently the Census Bureau estimates there are 27 million businesses with fewer than 100 employees. A recent survey by Network Solutions and the University of Maryland found that of 1,000 small businesses surveyed, 69 percent made a profit in 2008.
Kerge says one of the big advantages for those seeking small business employment is the opportunity to have interactions with company leaders, and to have a greater influence on the decision-making. “At the same time, the skill set you will acquire will be incredibly more diverse, you will learn strategies much faster and see results much quicker,” she says.
If you are interested in working for a small company, those interviewed for this story suggested you should:
• Remember that every day is an adventure. In a large company, it’s often pretty clear-cut what your duties may be and how and when you should do them. In a small company, “our future is directly impacted by your present actions,” Redington says. “In a large company, it’s more like an assembly line and you just pass the stuff off to the next guy when you’re done. In a small company, something could stop and die at your desk if you don’t follow through. What you do every day can be life or death for us.”
• Be realistic about your needs. Maybe you had a Blackberry, a travel service, a car and an espresso bar at your big company, but that isn’t likely to happen at a small company. While Drake doesn’t offer a 401(k) plan, he does offer health benefits. “I talked to my employees about whether they’d rather have higher pay or health benefits. They said they’d rather have the health benefits, so that’s what I do. It’s what’s important to them.”
• Speak up. Maybe you can corporate-speak with the best of them, but small employers are looking for employees who can do more than talk. To emphasize how your skills could translate, Kerge suggests telling a small business hiring manager how you were “first” do something for your employer, or how you took a grassroots approach to achieving success with a project or team.
What other considerations are there when you switch to a small employer?