Millennials are continuing to choose the startup route over corporations, and corporations are working hard to adopt the startup mentality. Read more at valuer.ai/blog/why-millennials-are-choosing-startups-over-corporations
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They are considered the “lazy generation” but there is a lot more to them then first meets the eye.
They have the same needs as the rest of the workforce - a job that gives you purpose and makes you feel as though you are making an impact.
But what sets startups and corporates apart?
- Culture -
At a startup, you have flexible work hours. You can wear what you want. And of course, the flat hierarchy is arguably the most attractive trait for millennials.
And the hierarchy at a corporation? It is less flat and more like a pyramid. It is not common to adapt after finding the “right business model”.
- Work speed -
You have to improvise often, and you are not given set deadlines. And what normally takes years in a corporation can be achieved in a matter of months in a newly founded company.
In a corporation there is structure. Your schedule is planned and you have a lot of guidance along the way.
- Office setup -
Walk into a startup and the most common layout will be open plan. It's a collaborative environment and family sized teams are very common.
At a corporation, separated desks and dividers are what you will see here.
- Responsibility -
Startups: You quickly take on a lot of responsibility, you are held accountable for mistakes, and you often set your own objectives
Corporations: You know where your responsibility lies and if you are a manager you manage, if you are a sales guys, you sell.
- Compensation -
At a new company, the resources are limited. And at a corporation, your income is at the market standard.
What would you choose?
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