ADAPTING TO A CHANGING WORLD
Start-ups Start-ups are newly established businesses that have been incorporated for less than five years. They are also known to offer products or services not provided elsewhere in the market.
Pros of working in start-ups Innovation Start-ups need to grow fast in order to keep up with bigger and more established businesses in the market. As such, the challenge for employees to break new ground and innovate can be exciting for graduates who appreciate a dynamic workplace.
Flexibility Start-up employees enjoy the perks of a less rigid company structure, which may include flexible working hours and a casual working atmosphere. However, this does not mean that you can slack off! While you may be allowed to clock in late, your workdays may also entail long or odd hours as employees have to be on the ball at all times.
Things to consider Job security Start-ups are newly established businesses, and this means that they do not have a proven track record in the market. There is a risk in signing on to work with a startup as the business may underperform, affecting your job security.
The workload Graduates who want to join start-ups can expect to work long hours and take on multiple responsibilities. This is because start-up companies must keep up with trends quickly in order to grow and remain relevant. Employees often work odd hours for this to happen, so be prepared!
Independence You will likely work with minimal supervision, and be entrusted with a myriad of responsibilities – while the onus also remains on you to take charge of steering your own progress. Although you may not be formally trained, you can expect to be guided by your manager or sometimes, even the big boss!
Remember: Tough times do not last. Tough grads do.
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