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Pros & Cons Of Working In Startup Company
A startup company is basically an organisation that is started by a few people together. Such organisations are new and have very few employees. Working for a startup may be both beneficial and dangerous for your career. If you are working for a startup company, you need be clear about certain facts. There are pros and cons of working in startup companies. But then, there are two sides to each and every coin.
10 MOST ANNOYING THINGS AT WORK
So before you start working for a startup company, learn what are the benefits and disadvantages of your situation.
Pros
You know your top bosses personally
While working in a startup, you will be meeting your CEO or MD on a personal basis every day. You may even share your bay with your top bosses and employers.
Friendly work environment
As there are very few people working in a startup, the work environment is very friendly. Office politics is less and all the colleagues are on friendly terms with each other.
More in-hand salary
Most startup organisations do not have a fixed salary structure. They often save taxes themselves by manipulating the salary components of their employees. This saves you taxes and gives you more salary in hand.
Term of work negotiable
There are more chances of you getting flexible hours of work when you are working for a startup company. You can work out of your home or even work while you are on a holiday.
Cons
Lesser insurance benefits
As start-ups are small organisations, they have less of funds. Besides, these companies do not have well defined Human Resource policies. That is why; you chances of getting good health insurance or medical benefits are grim.
Low job security
Startup companies can close down just as quickly as they begin. They run on a shoe string budget and thus, can afford to fire people without any notice. Your job is rarely secured in a small organisation.
Less exposure
When it comes to calculating relevant experience, your working experience in a startup organisation is given less credit. This is because you get lesser exposure to different types of work in a small organisation.
More working hours
Working in a big organisation is always more relaxed. This is due to the fact that there are more number of people to accomplish a single task. But when you are working for a startup, you will have to do a lot more work.
The pros and cons of working in startup companies can go on forever. What you have to see is your benefit in it. Start-ups are good for freshers or very experienced professional. If you are bang in the middle of your career, you should avoid working for start-ups.
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