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Is it better to work for private or public company?
I mean " Public "company that are going out for people to own shares with?
When it comes to public company, employees working there will get hurt if market is bad. On the contrary, private company wont get hurt either way.(they do use some money to invest)
Depending on your rank within the company, what motivates you to work or the individual goals you've set your self, the answer as to which is a better place to work will be different.
An executive level employee whose goals might include creating a sustainable business might prefer to hold such a position in a private company away from the pressures of producing impressive short term results that do nothing for the long-term health of the company.
A lower level employee might be better off working for a public company that is mindful of the fact that employee satisfaction factors into it's market capitalization and therefore makes it a priority to ensure employee's well being.
A public company has easier access to capital that is valuable for growth of the business. This is not always easily matched by a private firm.
Of course, whenever a public company fails to turn a profit and costs have to be cut, the cost-cutting will start with 'downsizing' in that regard, the employee might feel safer in a private company that is more than likely to expand more cautiously that a public company, thus minimizing the need for ever downsizing.
Uthman B
it depends on the reputation of the company, work for good companies, not bad ones
ERICKSMAMA
Public...So in case the business fails you wont have to either....It wouldn't come out of your pocket it would come out of the shareholders pocket...I vote for Public
Rain32
If you work for a private company chances are that they actually do care about you and your well being. Vs., working for a big corp.,where they don't give a damm about you or what your needs are. Big corp., equal more money more prestige where as a small one won't.
fidlerinc
It really depends what your preference is - I've worked for both.
Private - you are able to stand out and voice your opinions much more freely while giving and receiving feedback. You as an employee are able to make changes and make big decisions for the company.
Public - easier to blend in, typically less responsibility, harder to resolve issues and make changes, typically better benefits and job security.
Like I said - You have to ask yourself what fits you better. I prefere private or small public.
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