- Two thirds say they would work for an SME rather than a multinational company
- Workers still fear the economic uncertainty facing SMEs
- Human relations and alignment of business objectives are important
A growing number of British workers are losing faith in large multinational employers following mass, high-profile layoffs in recent years across the technology sector and other major companies.
New data from CareermindsUK has revealed that two in three UK workers (67%) would now prefer to work for a small business or startup rather than a large corporation.
However, job security is not the only influencing factor: values and trust are also cited as key factors for candidates seeking new opportunities.
More and more workers prefer SMEs to large companies
The report claims that years of layoffs have weakened the long-held perception that the world’s biggest companies offer the most secure jobs and most attractive career development opportunities – only one in three (33%) still think this is the case.
At the same time, only one in five (20%) say they view small businesses as safer in the current economic climate, implying they are being pushed away from larger companies rather than attracted to SMEs. Yet almost half (47%) said they would choose a small business or startup because they want to support their employer, with the study highlighting the importance of human connections and alignment with company goals.
The tech sector has already laid off more than 116,000 workers this year, according to layoffs.fyi. Among the most affected are Oracle, Intel, Amazon, Tesla, Google, Meta, Dell and Microsoft, representing tens of thousands of people in total.
“Smaller, lesser-known employers now have a unique opportunity to attract top talent who may never have considered working for them before,” explained careers expert Amanda Augustine.
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