@tvkp4817 I am in agreeance with you. I look for the overall culture of the company and how the core values align with my values. It hasn’t always been that way for me, though. Knowing what I want from a company has developed over time. I have been in the position where I just needed a job and took an offer because I needed the income. I also experience working for a small, mid-size, and big corporation. In any situation, management plays a significant role in the culture and success of the company. I like to work for a company that cares about the well-being of its employees and where I can grow.
As some of these posts have mentioned, if I was searching for a job and doing research on the company before I interviewed/applied, I would check the company's reputation and profit history. I would prefer to join a company that is known for its product and does not have a bad reputation in the field, and a company that is generally steady or trending upward in profits. As an engineer with limited experience with history in academic research right out of school, I feel that I would not have a large say in the first job. I would mostly use it for experience to pivot for my next job and learn new skills that I did not know from school. I think the only type of company I would be more hesitant about is a start-up company, as this is a high-risk, high reward. It would be interesting to see how it happens, and I would only join if I either (1) trusted the founders, or (2) they have successfully started other businesses. In the beginning, at least, a first job is a first job, and I would use that for networking and gaining experience with the different types of companies to determine where I best fit.
I believe that when you first get out of college, it would be harder to be more selective about what company you enter. I realized when I transferred into the college that a lot of co-ops and internships had wanted at least 1-2 years of previous lab experience for their candidates. When I finished college and started applying for jobs, most jobs wouldn't even hire you if you hadn't worked in a lab or had any hands-on experience with the equipment but eventually I was able to find the job I currently work at. Now that I have gained experience, I feel that now I can be more picky about the type of company that I would be working at and go into a company that has more of a risk. Also, it would be a lot easier for me to demand certain conditions or pay based on the experience I have. I definitely think that the company's environment plays a big role into promotions, pay, and bonuses but you also have to do previous research for the company that is trying to hire you. Also, it is good to contact those you know that work at the company to get a good feel for pay and promotions.
If you take the case of a fresh just passed-out student, they probably have limited job options, especially if they don’t have adequate internship coop experience. It is tough in STEM courses to get jobs, so most freshers look for an opportunity to learn and get an additional point on their resume. If it’s a startup, I believe that it is best for students to go since, in a short period, they gain experience in different roles, and this is the stage where stability is a matter of choice, not compulsion.
If you take the case of an experienced person, they will look for the company profile, job role, and different aspects. They already have experience in various industry roles to make better choices.
If it is purely devices like surgical tools, diagnostic equipment, orthopedics, and implant-based companies, then startups are better. But if it is something that deals with biologics, then having a well-established company with a good profile will only give better chances to learn and grow
I think you asked a very good question. The jobs people work affect their futures, family structures, lifestyles, in short, everything. for this reason, people are selective and careful when choosing the jobs they will work for. This hasn't happened to me before, but if I do, I will look at the financial history and reputation of the company that has offered me a job.
Why do I look at your financial history? because it may adversely affect the salary I will receive. If there were bad times in the company's past and it was not able to pay its employees during these bad times, or if there were deficiencies in the payments, this would be a factor in decision making for me. On the other hand, the company's reputation is important. Thanks to the company's reputation, your network expands and affects your future life. The step from one successful, reputable company to another will be easier.
For these reasons, when I receive a job offer, I definitely evaluate these criteria and try to choose the best one for me.
Though this is totally my personal preference, I prefer brand over money. I prefer big and renowned companies over start-ups if the job environment is good. But of course, the environment matters a lot because I think we spend a big amount of time of our life working so doing a job that is enjoyable too and have passionate about that job is a must. Also, the work environment should be comfortable and non-bothering to me. If I find these in a job, I won't switch based on any other reasons.
While I agree with most people on this thread about their choices, I think something that was not mentioned as much would be that most people, unless they are desperate, do not just apply to any random company. Most of the time, there is a reason behind the application. The companies they choose to apply to are ones they may have had some experience with, heard others' experience in, have done business with them in the past, or may have seen something about them in the news. This is especially relevant to people who are applying to find a new job while they are already working at their current one. There are certain aspects to the job that they are looking for and many times it does not have to do with what kind of company they are. For example, people may care much more about the pay and vacation time they will be given rather than if a company is an LLC or a sole proprietorship. While those details are still very important to consider when accepting the job, I do not think it would be enough to deter someone from a job if all their other needs are met.
I think this is definitely something to consider when looking into the company that you have an offer from but it is something that never occurred to me until this lecture. The way I had just looked at it was what job description sounded like the best fit and I rarely looked at the company itself. However as I have learned the performance of a company as well as the type it is can determine whether you get promotions and raises or get laid off or stagnate.
In all honesty it would depend on my current financial situation and whatever else I need to consider for that job. It definitely wouldn't make or break a job offer for me, however depending on the type of company it may sweeten the deal. Obviously working for a huge corporation that is doing great and offers stock options is a no-brainer. A smaller private company that is doing great is also another option; profit sharing and stock appreciation rights could net me a larger take home pay than I would have at the big company. Again, it all depends on my financial and personal situation at the time, and it definitely wouldn't be a make or break thing if a company didn't offer some type of profit sharing or dividend.
After watching the videos from this week's lecture, we have learned about the various company types. While thinking about this, would you consider turning down a position based on the type of company it is? For me and usually most people, they would do some research on company even before applying. But some people also look at the company's financial history, revenue, stability, stock price (if applicable) and reputation. I honestly have never looked deep enough to understand the risk behind accepting a position in an Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership.
Some are interested to look at this information to see how financially healthy a potential employer is, and therefore how long you might have a job. It can tell you about pay raises, bonuses and getting a higher position.
I am interested to learn more about your own personal opinions, would you turn down a job in a company based on its type and why?
When considering a position for a company, I generally look into the revenue, stocks, and reputation beforehand. I don't think I've ever really paid much attention to the company types, mainly due to lack of knowledge on the subject. However, as a "young" professional any experience is experience and being offered a position for a company that many not fit my criteria for company type and minimum revenue is a chance lost. Yes, it may be risky to work for a company with (for instance) a decent reputation but poor financial history but there may be great experience from employment with the company. After completion of my undergrad degree in biology, I was very eager to get into the field and gain experience. One of the first labs I worked for had a decent reputation with poor financial history. Of course this worried me but I did spend two years working and gaining a lot experience in a role where I had the opportunity to wear many hats. I think that depending on where the person is in life, whether a young recent grad or an established professional, they will be in need of different company requirements.
I personally believe that I would not turn down a position solely based off of the type of company it is. However, I would definitely prefer a company that is more well establish, just due to the fact that there is more sense of job security. I do agree with the other posts about being a recent college grad. When I was applying for jobs as a recent college grad, I kind of took whatever came to me, jut to gain experience. Now that I have more experience in my field, I can be more "picky" with the positions i choose to accept.
As an engineer just starting my professional career following May 2022 I don't believe I would turn down a job based on financial history. Experience is vital to progressing my career, whether it be a positive experience or a negative experience. I think an important question to ask an employer on a similar note to financial health would be to ask about past employees growth and success in the current position you are applying for. To know how a past employee succeeded in the role that you are looking at is more valuable information for current graduates such as myself. Later down the road, when I am looking for a more permanent position, a company's financial health may be more important to me, but currently past success and a positive company culture is most important to me.
Q: Would you turn down a job in a company based on its type and why?
A: In my own experience when looking at jobs and positions for companies, I often look at the history of the company and how/if the company aligns with my personal ethical values and morals. I also look at what the company aims to impact and what demographic of people the company aims to help and care for. I have not turned down a company based on its type, but more so what the moral and ethical connection that the company was lacking regarding my own personal development. When looking at jobs, especially in the medical device development sector, I often think about devices that I can consider important and necessary for members in my own community. Many times, I struggled growing up understanding why some products seemed to be catered toward a market that was not as heavily impacted as my own community, and the studies that were done often showed that correlation. As an adult, I learned more about the company types as well as how each would be developed and I realized that I never really ran into the issue of company type as much as how the root mission of the company was not aligned with my own beliefs and values.
@ronakmandaliya You made a great point about choosing a start-up over an already-established company. I think the decision is totally up to the individual and what their long and short-term goals are with the company and personally. A start-up company may be willing to hire someone fresh out of college with great lab and educational experience with a nice salary versus a big corporation since they are trying to grow their employee base. A long-term goal would be to join a corporation that would open up more opportunities in different roles and positions in the United States and other countries.
I don’t think I have ever looked into what a company labels itself as. I honestly look into the company and its mission and their reviews from employers before I apply. So, no I would not turn down a company based on its type. I think it would also depend on what type of career field you are going into as well. I would assume if you were going into partnership with the company then you would like to know how they potentially label themselves. However, being a new graduate, trying to break into the industry I would be more concerned with employee reviews, pay, etc. before making a decision because the concern is experience, exposure, and stability. This could be with a startup company or a huge corporation, it all depends on what you want to accomplish personally.
