Big Business vs. Small Business: 4 Reasons Bigger Isn’t Always Better When it Comes to Employee Experience
Big Business vs Small Business

Big Business vs. Small Business: 4 Reasons Bigger Isn’t Always Better When it Comes to Employee Experience

The reality is, when it comes to hiring, big corporations are often at an advantage. They can attract talented people with big, resume - building projects and supercharged growth opportunities. In an historically tight labor market, it might seem tougher than ever for small businesses to attract top talent. However, small business owners shouldn’t feel too bad. Here’s why.

While they might get less time in the limelight, companies with fewer than 100 employees do still employ more than a third of the U.S. workforce, according to the most recent census. What is attracting these employees to smaller scale operations rather than big names? A lot of it comes down to having their voices heard, being part of great teams, and seeing the difference their work makes. If you’re a small business owner, let’s break down the pitch you can make to potential employees who don’t know whether a small business or corporation is right for them.

4 Advantages Small Enterprises Have Over Large Corporations

  1. Recruiting and Hiring Employees

  2. Recruiting for a major corporation - often outsourced to external agencies - can seem like a never-ending series of hurdles. Of course, getting hired by a smaller company isn’t necessarily easy, but it does offer candidates a greater chance for face-to-face conversation with a decision maker.

    In fact, smaller companies can leverage their recruiting processes to showcase what they offer employees that corporations can’t - more personalized experiences, responsive feedback and less bureaucracy. If a candidate is weighing up job offers from small business vs corporation, a superior recruiting process - being able to talk with future coworkers and getting the chance to see a company culture up close - could make all the difference.

  3. Creating a Company Culture

  4. Crafting a great company culture is a tough - but important - task for any business. Culture impacts employee engagement, and employee engagement impacts everything - companies with higher engagement have higher staff retention, higher customer engagement and an average of 21% higher profitability (Gallup). The good news is, maintaining the right culture will likely prove easier for a small business compared to a corporation.

    Company culture has to start at the top - but as a company grows, getting that to filter all the way down becomes more difficult. It can be much easier for a smaller organization to maintain the values and beliefs of the founder, because in many cases, the founder still works there.

    Most of all, at a smaller company, employees can avoid “small cog syndrome”, that feeling of being a tiny part of a massive structure. They are more likely to be able to directly see the difference their work makes - that’s great news for company culture and employee engagement, and it’s a great advantage for small businesses over big businesses.

  5. Nimble Decision Making

  6. Sure, you may work on big projects at a big company, but there is one thing a small business can offer: faster, more nimble decision making. In a smaller, more dynamic business environment, employees may also have the chance to be more flexible and learn more. Compared to big business, small business often requires ‘T-shaped’ talent - an emphasis on breadth, not just depth, of skills. Not only does this add variety to working life, it boosts learning and development, giving staff a broader range of experiences.

  7. Employee Recognition

  8. It can be hard to get noticed in the corporate environment. In fact, people who work for large corporations often have to market themselves much more actively, which is kind of like having another job on top of your day-to-day job. In a small business, performance gets recognized - how could it not?

    But recognition isn’t just about opportunities for progression and promotion. It’s also about being listened to when you have ideas, or supported when you require help or have a complaint. It’s crucial that employees feel like their work is seen and their voice is heard - and no matter how many structures corporations put in place to make sure this is true, it’ll always be simpler at a small business.

Your Employee Experience Can be a Competitive Advantage

Small businesses have an advantage over corporations when it comes to designing an employee experience that brings out the best in your people and gives them real motivation to stay engaged. To learn how to create the ideal employee experience, check out our infographic here.

Paycor guided hr software tour

More to Discover

COVID & the Future of Work: Insights from Paycor’s C-Suite

COVID & the Future of Work: Insights from Paycor’s C-Suite

The long-term future is impossible to predict, but what might all this mean, and how will work change, over the next year?In Paycor’s latest report, our Chief Executives and Group Leaders consider how SMBs will recruit, manage their workforce, optimize benefits and foster employee experience in the new normal of 2020.Download our guide to learn more.

Webinar: Remote Work 2020: Keeping Culture Strong Post COVID-19

Webinar: Remote Work 2020: Keeping Culture Strong Post COVID-19

Workplaces across the country will never be the same post COVID-19. Some employees will work from home permanently. Others may slowly return to the office but feel the impacts of social distancing and newly configured spaces. Amidst all the change and uncertainty, culture has never been more important. In this session, we will offer tips to help your culture thrive in this new normal.Speaker: Melanie Booher Melanie Booher is a proactive people connector, genuine leader, change agent, culture-champion and entrepreneurial business coach. Her passion lies in generating meaningful change in the areas of HR, People Operations, Talent Management, Leadership Development, Business Strategy and Culture-Shaping.

Webinar: 5 Ways to Cheer Up Your Employees

Webinar: 5 Ways to Cheer Up Your Employees

During this difficult time of uncertainty many employees feel disconnected from their coworkers and uncertain about their futures. As a leader there are a few things you can do to engage your employees who are working from home. Join us as we cover 5 ways to cheer up your employees. Speaker: Colin Ethier As manager, content marketing, Colin is responsible for creating innovative content and webinar strategies that drive demand and showcase Paycor’s differentiating expertise in the HCM market. Prior to his role in content marketing, Colin supported internal communications at Paycor.

Is Your Organization Ready for Employee Self-Service?

Is Your Organization Ready for Employee Self-Service?

HR Isn't Being Replaced Is Self-Service Right for You Benefits of Self-Service Must-Have Features What is Employee Self-Service? At its core, employee self-service (ESS) gives workers access to their personal records and information. Through employee self-service portals (housed in HRIS systems), employees can change their contact and banking information, access their payroll, schedules, benefits enrollment and more, without HR being involved. Why Some HR Leaders are Skeptical of Automating HR Processes To many HR leaders, the empowerment of ESS means the golden age of HR has arrived. Instead of spending hours on administrative tasks, HR leaders can now focus on strategic initiatives like recruiting, retention and employee development....