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Pros and Cons of Working in a Startup 2021 - Technology Careers

Salary and benefits, job security and work-life balance are high on the list for most job seekers. Career growth and strong leadership also play a role. Generation trends show different priorities. For Gen X employees, career performance is of the utmost importance. Corporate culture, growth potential and work-life balance are of great importance to Millennials / Gen Y. They also thrive with startups.

When you enter the job market or make a career change, the startup field can be intimidating, even abroad. Why don't you want to work for them?

The good

It is a unique experience: There isn't always a playroom and skateboarding in the hallways, but startups know how to create a cheap work environment. Creativity and innovation grows business, so having a stimulating work area is vital.

You learn a lot: Startups place a lot of responsibility on their employees. They'll hire you for your skills, but founders expect a lot more. They help with everything getting started. Often times, the work is outside of your job description, so there are plenty of opportunities for learning and growth. Founders and employees work together; There is no middle management so learn from the best.

Employees work without supervision: You make smart decisions and take responsibility for the consequences. The chance to control progress motivates them to perform well.

You can innovate: Startups need to grow quickly. If they can't keep up in the fast lane, they crash. Employees are licensed to show their brilliance. They deliver results with fresh designs and new concepts that keep consumers interested.

There is pressure to break new ground, but dynamic energy drives progress from the start. A close-knit team is proud of the company's growth and sharing its ups and downs.

The benefits: Money is not one, but many other advantages make employees happy:

    • sliding working hours
    • to work from home
    • shorter working weeks
    • a casual atmosphere
    • Gym and other health facilities
    • Employee discounts and free services
    • free food (and sometimes drinks!)

Long-term benefits include sharing the loot when the business thrives. This can mean a senior position and / or stock options for employees. Bill Harris, former CEO of PayPal, says companies know they can attract the best talent through employee participation.

Job satisfaction: The employees are involved in the birth, growth and success of the company. That's why it's an attractive career path for this generation. You want to belong to something special. When the company is doing well, they can be proud of their contributions.

Not that good

The workload is heavy: Expect long working hours with few vacations and vacations. Startups need to capitalize on trends quickly and early growth is vital. The staff work around the clock to make this possible. So stress and burnout are possible.

Work stability / safety: You will love your job, but you may not last long. Studies by UC Berkeley & Stanford and other contributors suggest that over 90% of startups fail in the first three years! Tech startups in particular are threatened with technological advances and new inventions that will ruin their business.

Founders have a brilliant idea and secure enough start-up capital to start a business. But that doesn't make them seasoned leaders. A lack of strong mentors affects job stability.

You don't earn much: Investors don't have a big salary in front of aspiring entrepreneurs. They pump money into operating costs, into product development and into building a customer base. In most cases, startups have lower salaries than traditional companies.

Which social life?: You may have fun in the office, but you also work hard. The staff work under extreme pressure to avoid losses so don't expect to get much out of the social life. The work-life balance is tough and extensive office hours can take a toll.

Startups are struggling to survive, even if they reach great heights and are more established. Technology changes quickly, competition is fierce, and small missteps can have big ramifications. That is why many startups are struggling after going public.

In an interview, ask questions that clarify expectations. You can find a job with a startup through many job sites, and you can use a starting pay calculator to compare options.