8 Advantages of Working For a Family-Owned Company

Family at construction site

When a business has been founded, owned, or operated within a single-family dynamic, it is a badge of honor. Not only does it provide a strong backstory for your business, but it tells customers that you don’t subscribe to the usual traits of corporate America. In other words, while the business world is often perceived as cold and calculated, family-owned businesses emphasize a company culture founded on the nurturing qualities of family life.

However, for those who have never worked in this type of organization, these types of family-oriented values may be absent from how a business can operate. As one of the top steel fabrication companies in Philadelphia that have remained family-owned since day one, PennFab can surely attest to the advantages of a family-oriented enterprise.

Just a handful of the most notable benefits of working for a company like PennFab include:

Commitment

When you start working for a family-owned business like PennFab, one of the first things you’ll notice is the level of commitment employees have to each other and the business itself. From newer employees to upper management, employees of a family-oriented company tend to feel much closer to the industry, their colleagues, and their clients. In many cases, this closeness translates to a passionate workforce comprised of people who genuinely enjoy coming to work.

Trust 

A family-owned business brings out the best in everyone. Employees know the upper management well and feel like they have a voice within the company. Creating that aura of trust from top to bottom helps bring out high-quality work in the employees and provides them with an atmosphere where they can go to management with any concerns they may have without fear of retaliation. 

Stability

Family owned and operated businesses benefit from having leadership that has stayed within the same family for years. They learn from each generation and apply the same values from when they first started with current business strategies to bring balance to the working experience. Additional opportunities for business development and growth exist because people that have worked with the business know who they are dealing with and what kind of work to expect daily. 

Care

One of the most obvious advantages of working for a family business is the element of care that employees have for one another. This can reveal itself in various ways — from outreach programs and staff engagement activities to in-house training exercises and company picnics, businesses who have established a family-oriented culture often have some of the happiest and most caring employees out there. Not only does this make for a more pleasant work environment, but the quality of the work accomplished often increases along with it.

Pride 

When run properly, everyone in a family-owned business feels like a member of the family. Each employee takes the responsibility that comes with it seriously, and it reflects in their work ethic. The more pride they feel that they are part of the extended family, the more likely employees are to keep striving to put in their best effort each day they are with the company. 

Empathy

To truly connect with employees, business owners must show a level of empathy that makes staff feel like more than just a cog in the machine. This is a common pitfall in corporate organizations, where upper management is often too far removed from their staff to feel this sort of empathy. However, in a family-owned business like PennFab, this is far from the case. When employees and management are in close contact, it is much easier to feel empathy toward a given situation and enhance the level of flexibility offered to staff.

Long-Term Vision

In a family-based organization, you have a leadership team and culture that focuses on long-term goals instead of going after short-term and unsustainable goals. Family-owned businesses that have lasted have established goals with sustainability in mind. It is not just for the family that owns the company, but for the employees that help move the organization forward.  

Security

Lastly, due to the family-based culture of organizations like PennFab, employee turnover is often much lower than their corporate counterparts. When employees feel like they are an integral part of the day-to-day work, their perception of job security increases, helping them complete tasks confidently and enhance overall productivity and morale.

To learn more about PennFab or the many career opportunities we offer, call 215-245-1577 today!