Multinational Vs Start-up – Which is better?
8 key factors to consider while choosing between a start-up and an MNC…
Gone are the days, when having a job offer from an MNC was the ‘ultimate’ opportunity. In the age of entrepreneurship, start-ups have become the coolest place to work, from top to bottom. The situation gets confusing when one has to evaluate a job option between an MNC and a start-up, as both offer unique advantages. It is rather tough to choose relatively unknown firms over well known MNC brands.
To make the right choice, one should evaluate both options on parameters such as work environment, job security, exposure and job role. Sathyanarayana TK, vice president- human resource, Robert Bosch Engineering and Business Solutions Limited shares 8 key factors to consider while choosing a job between a start-up and an MNC.
1. Greater Exposure and Freedom to Deal with a Dynamic Environment: Start-ups have relatively leaner approach to situations and processes. This has a bearing on SPEED, speed to reach out, speed in decision making and finding solutions. The factor of ‘Freedom @ work’ is also higher, as things are less formal and not very rigid inter-functional boundaries. One handles additional roles and takes on higher responsibilities thereby widening ones experience and exposure. The ability to work in a volatile environment and be networked in frugal structures goes a long way in learning to deal with dynamic situations that generally exist in a start-up.
2. Developing Overview: The advantage of a start-up is that you can see the product, end to end, from the conceptualisation phase to delivery to post delivery. So, the individual gets an opportunity to develop a better perspective and overview.
3. HR Systems: The way start-ups and MNCs manage their human resources are also very different. Attraction and retention policies vary in two areas. While MNCs look at volume hiring, start-ups do specific/niche skill hiring. Selection, integration...