Small Giant Company
Overview
As the name suggests, it is a Strong and Small company.
It is unknown when this term was first used, but it appears to have gradually become popular since youth unemployment became serious and difficulties in the overall job market began to accelerate.
As employment difficulties become more severe, some job seekers tend to gradually lower their eyes on large companies rather than being attached to them. In particular, job seekers' interest in competitive companies among small and medium-sized businesses has increased. However, even among small and medium-sized companies, the need to differentiate between companies labeled as weak companies and these solid companies was raised, and it is assumed that they came to be called small giant companies accordingly. Usually, from workplaces with fewer than five employees to companies with hundreds of executives and employees, they were grouped under the name of small and medium-sized enterprises rather than being divided into small or medium-sized enterprises, so there was a problem that there was virtually no term to distinguish the category from the perspective of the employee based on the type of corporate structure. In fact, it is common for older people to simply call it a ‘small but strong company’ rather than a small giant company.
As employment difficulties become more severe, some job seekers tend to gradually lower their eyes on large companies rather than being attached to them. In particular, job seekers' interest in competitive companies among small and medium-sized businesses has increased. However, even among small and medium-sized companies, the need to differentiate between companies labeled as weak companies and these solid companies was raised, and it is assumed that they came to be called small giant companies accordingly. Usually, from workplaces with fewer than five employees to companies with hundreds of executives and employees, they were grouped under the name of small and medium-sized enterprises rather than being divided into small or medium-sized enterprises, so there was a problem that there was virtually no term to distinguish the category from the perspective of the employee based on the type of corporate structure. In fact, it is common for older people to simply call it a ‘small but strong company’ rather than a small giant company.
Standard
In fact, the standards for small giant companies are not clear.
Although the standards for large corporations and mid-sized companies are ambiguous, they are even more ambiguous as they have created another group within the same category of small and medium-sized enterprises.
In the abstract, it is said to be a small but competitive company that is not inferior to large corporations, but there is no specific definition of what that is. However, in general, small giant companies that job seekers think of are companies with benefits and special technological competitiveness that are comparable to those of large corporations.
In the abstract, it is said to be a small but competitive company that is not inferior to large corporations, but there is no specific definition of what that is. However, in general, small giant companies that job seekers think of are companies with benefits and special technological competitiveness that are comparable to those of large corporations.
The standards for small giant companies set by Worknet, the employment portal of the Ministry of Employment and Labor, are as follows.
- There shall be no arrears of wages.
- Employment retention rate shall be high
- Industrial accident rate should be low
- Credit rating must be B- or higher
- Must not be a business group or public enterprise subject to cross investment restrictions
- Must be a company with 10 or more employees
- Must not be in any other service industry
It may seem like a condition that a proper company must have, but only 25,900 companies out of 2 million companies based on Nice Evaluation Information meet these seven conditions alone.