Types of employer organizations

Types of Employer Organisations

Profit-oriented. Main objective is to achieve financial gains.
Comprises of sole traders, partnerships, private limited companies (Ltd) and public limited companies (PLC).
Sole traders: Owned and managed by one person. Full control but also carries all risks.
Partnerships: Two or more individuals share the ownership and management. Shared risk and potential for more resources.
Private limited companies (Ltd): Owners have limited liability. Shares cannot be sold to the general public.
Public limited companies (PLC): Shares can be sold to the public, increased potential for raising capital.

Owned and managed by the government. Objectives include providing public services and ensuring equality.
Includes local authorities, NHS trusts, educational institutions.
Local authorities: Provide local services such as waste management, housing, and education.
NHS trusts: Medical institutions providing healthcare services.
Educational institutions: Schools, colleges and universities providing education and training.

Also known as the third sector, includes charities, community groups and non-governmental organisations.
Rely significantly on volunteers and often funded by donations.
Charities: Provide assistance for specific causes, rely heavily on donations.
Community groups: Formed by individuals of a community to work towards common goals.
Non-governmental organisations (NGOs): Operate independently from any form of government.

Owned and operated by their members for mutual benefit.
Profits are distributed among members.
Each member-shareholder has equal voting rights, promoting a democratic management.