Since watching the lecture I have a new insight on companies, how they are structured and how they operate. I have seen some of the people I have mutual friends with open different LLCs and I never thought to understand how it was different that other companies other than I just assumed it was a small business or something for a start up company.
When choosing a job in the past, I never thought of looking at the type of company because if I’m being honest, I was happy to have a job. But as I’m slowly starting to understand the workforce and company operations, I don’t think that that will be the sole reason I make a decision about a job. I think it really depends on what I want to do and where I see myself working. Also, how does this job help me with my future? Is this job something I see myself doing long term. I personally see myself working in a lab, testing different hypothesis, looking for different outcomes. I don’t see myself sitting at desk all day everyday in front of a computer.
I however thing that’s it’s very important to do research on the company that you apply to. Some companies no matter the type are very dysfunctional, have poor management, treat their employees badly, just a name a few. I think that is something that I would look into before looking at the company type.
As many of you have noted, I don't think that I have looked deep enough to understand the risk behind accepting a position based on company type. I think that the role and experience you’ll be obtaining from the role are key. But, I can understand how some may take certain things into consideration. Established companies like Roche and other industry giants would require less of a look into details. It can be good information to know, but wouldn’t necessarily be a deciding factor in most situations.
I do not think I would turn down a job based on how the company labels itself; however, I would turn down a job in financial trouble if the company does not look like it will be able to recover from it. Another top reason I would turn down a job is based on its ethics. If I believe the company has poor ethics and morals, I would be less inclined to work for them and be connected with their products. I have seen individuals walk away from jobs because of how it impacted them mentally based on the poor morals of the company.
After watching the videos from this week's lecture, we have learned about the various company types. While thinking about this, would you consider turning down a position based on the type of company it is? For me and usually most people, they would do some research on company even before applying. But some people also look at the company's financial history, revenue, stability, stock price (if applicable) and reputation. I honestly have never looked deep enough to understand the risk behind accepting a position in an Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership.
Some are interested to look at this information to see how financially healthy a potential employer is, and therefore how long you might have a job. It can tell you about pay raises, bonuses and getting a higher position.
I am interested to learn more about your own personal opinions, would you turn down a job in a company based on its type and why?
Honestly, I think this is where character comes into play. Yes, a job can pay well, have incentives, and bonuses but are you actually happy at that job? Money is important but it is not everything. Yes, I do my research on every job I have ever worked. I also will leave a job for racism, lack of pay, and respect just to name a few. I ask co-workers how management treats them etc. This is very important. If I get hired and elevate the team but you treat me like crap .. how is that beneficial for me? I think doing research is very important because a job can either make or break your spirit.
I think looking into a company's corporate structure before accepting the job is a good idea. Before this course, I would not have thought to do so and instead just focused on the mission statement and the company's vision. However, paying close attention to the financials is important to see how stable the company is, especially if you are desiring long term employment. I think it would also be beneficial to understand to leverage some negotiating power when offered the position. But, this would depend on where a person is in their career. If they are a recent graduate looking for employment, experience may be more important than the type of corporate structure a company assumes.
After watching the videos from this week's lecture, we have learned about the various company types. While thinking about this, would you consider turning down a position based on the type of company it is? For me and usually most people, they would do some research on company even before applying. But some people also look at the company's financial history, revenue, stability, stock price (if applicable) and reputation. I honestly have never looked deep enough to understand the risk behind accepting a position in an Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership.
Some are interested to look at this information to see how financially healthy a potential employer is, and therefore how long you might have a job. It can tell you about pay raises, bonuses and getting a higher position.
I am interested to learn more about your own personal opinions, would you turn down a job in a company based on its type and why?
I would turn down a company based on type because I believe in movability and stability. If I am not able to grow within a company then there is no reason to stay there because there is no incentive. I want to work in a place where I can grow and learn new things along the way. I also want to work somewhere that I know will be here later on down the line. I do not think an environment where I have to worry that the company may not be here tomorrow would be the best fit for me. I personally never looked into any job as deep neither because I work in the industrial industry where the plants have been around for a long time, but now that I've read this post, I will start looking into the type of company when I make that transition.
@krp76 I would have to agree with you on that your first few jobs out of college should be focused on gaining experience. To be honest I never even considered looking into a company's health prior to applying or accepting an interview because I believed the experience and compensation I was receiving to be more applicable. But after listening to this week's lecture it definitely opened my eyes that I should probably start to look into this area a bit more as I get further in my career. But I would say that although a company's success can give its employees nice bonuses and perks, a salary and experience are still more sound forms of benefits to me as although you could do everything in your power to do well, unless the whole company does well you won't be able to see those rewards (there's less for you to control).
One aspect about this that I would factor in is that a private company can be tumultuous if the owners are thinking of selling their business. My one friend was working at a private company that was sold which led to downsizing of its labor and a lot of culture changes. There are many differences between culture as well with different companies depending on both their size and financial health that can also factor in when choosing a company. I would turn down a company if I knew that their market was not competitive enough for their business to be sustainable in the next few decades as well as if there is any financial news about their growth (not based on stock since private companies do not have that option). I personally worked at a private company for a year before deciding it wasn't for me (not for any reason listed in the lectures), but I did find that I looked for the larger companies with more financial promise than anything small and unattractive with benefits. I do personally enjoy being at a bigger, public company as there seems to be areas of growth as the company grows more and more, so there are benefits to a financially successful company with a good culture behind it.
After watching the videos from this week's lecture, we have learned about the various company types. While thinking about this, would you consider turning down a position based on the type of company it is? For me and usually most people, they would do some research on company even before applying. But some people also look at the company's financial history, revenue, stability, stock price (if applicable) and reputation. I honestly have never looked deep enough to understand the risk behind accepting a position in an Limited Liability Company vs Corporation vs Sole Proprietorship vs partnership.
Some are interested to look at this information to see how financially healthy a potential employer is, and therefore how long you might have a job. It can tell you about pay raises, bonuses and getting a higher position.
I am interested to learn more about your own personal opinions, would you turn down a job in a company based on its type and why?
To me, this question really boils down to the extremes: Start-ups versus Industry Giants. I think these two examples really demonstrate the contrast one can face when looking at jobs in industry and I'll hone in on the differences why I would/wouldn't want to work for one or another.
To start, I would personally not want to work for a start-up. Although there is a lot of room for growth and the ability to potentially profit-share/invest early in the company, start-ups pose heavy risk and often fail. The medical device space is a very profitable industry and is constantly changing. Based on my experiences, it seems that often with start-ups a large industry giant will purchase and absorb the company instead of the start-up becoming a giant of its own. In addition, there's limited staff so you get a taste of doing everything at once and there is a lot of learning opportunities to gain exposure and grow.
On the other hand, I would want to work for an industry giant. The main reason, unlike start-ups, is stability. Working for a large company comes with the perk of job security (as long as you can keep performing adequate work) and benefits that smaller companies might not be able to afford/bargain for. Personally, I know what area I want to work in... New Product Development. Knowing what area you want to specialize in makes it easier to do work that matches that description since jobs at large companies are usually highly specialized (again, unlike start-ups).
Ultimately I think it boils down to personality and risk. What you want to do and what chances you are willing to take with your future. Looking at myself, I've put myself in a position where I don't need to take risks and I'm happy with specializing in something. That being said, I do think there is incredible value working for a start-up which can lead to much success.
Does anyone share similar/contrasting opinions to working for a start-up vs. industry giant?
Thanks,
Matt
I am more interested with a company’s values, goals, and history rather than the type it is. Each type discussed in the lectures have pros and cons, so one doesn’t necessarily outweigh another. Say I had two offers with similar qualities, wages, hours, etc., the deciding factor for me would be: where would I be the happiest. I would not decide which role to accept based on the type of company. During the workday, I would carry on with business as usual, probably paying little attention to the management responsibilities. If this were true, why should I choose one company over another based on its type?
I think being a little picky about company depends on a lot of the factors. When I was a new graduate, I was targeting to get into a specific company which is very reputable and well established. But because I did not have any industrial experience, I wasn't even called for the initial interview. So, I decided I should first build my resume by starting at any company that hires me. Therefore, that was the only time I wasn't turning down a job because of the company. However, when I had a lot experiences from my first job and I was confident that I can sell myself well in the scientific fields, I became a little demanding about company. I wanted a lot more this time that included all types of benefits, pays for my grad school, raise and bonuses and gives me a better and bigger platform to learn, apply and grow.
I agree that being able to choose the type of company that you work for is a luxury that not all recent graduates have. It is more common for experienced employees to have this kind of choosability. However, if a recent graduate does have this opportunity to pick between various different types of companies, I think type of company is an important factor to consider however it should not be the final factor. It is more important for recent graduates to select a job based on their career interests so that the individual can build their resume and gain experience in this field. Even if this job only lasts a year or so, I think it can be more valuable in the long run for an individual to gain experience in the desired field. If there are not any open job opportunities in the individual's field of interest, then I think the next factor that should be considered is financial stability and job security. Overall, I agree with the previous posts that I would not turn down a company based on type of company. Instead, I would evaluate the position and what kind of experience I would gain from the position.
In my opinion, graduates applying for positions in a related field don't necessarily pay attention to whether the company is a limited partnership or a corporation. In today's world it is very difficult to get a job without having an internship or cooperative experience. Additionally, it is important for college graduates to gain industry experience and should not turn down the opportunity due to the nature of the company. One must look at the company's mission, career growth opportunities, and ethics to see if the work environment is appropriate. Personally, I believe in the engineering industry, no matter the type of company. However, it's important to understand recent mergers and acquisitions to see what's next for the company.
I think it all comes down to what you're looking for and at what point in your career/life you're in. For example for me right now I don't have a family I need to support nor am I looking to fulfill my dream job right away and I already have my own coverage in terms of benefits. In short, the responsibilities haven't stacked up for me yet. So what I would be looking for is the highest paying job to fund the next-level degrees I am trying to attain and/or the biggest name company to build up my resume as early as possible once I'm done with academia. Others however might be looking for the company with the best benefits and job security which might be a big name company, others might have ambitions of joining a startup to grow with them and be a part of something bigger, someone else might already have a family he/she needs to support so they're looking for the salary that best suits their lifestyle. For those other folks, they would look deep into the type of company to make sure their needs and ambitions are met.
As a minority in America, this question poses a different perspective. Bonuses, insurance, and even promotions depend on the diversity of the company. Being a minority places you on the very back of the line, this could be anything. Deciding on a job would undoubtedly depend on the type of company it is. Most private companies are very picky in terms of their employee demographics: race, gender, and even age. While some public companies are slightly lenient in that regard. Let's also not forget that engineering is a male-dominated field, so being a female engineer is double the obstacles. Private-owned companies would lean more toward hiring male employees and would most definitely treat them differently than any female worker. For that reason, the type of company would alter my decision-making.
Thanks !
