Originally Posted by ziggy29
Plus it's noteworthy that a steadily growing percentage of the "best places to work" are privately held. Apparently when you aren't beholden to Wall Street to screw your workforce to squeeze every possible penny into the earnings report, you get happier, more productive people who feel good about their jobs and their employers. Who would have guessed?
I only have two data points, but I wouldn't count on that correlation. I spent my first 16 years working for a publicly held Fortune 500 company, and my last 18 working for a middle sized ($500MM/yr sales, about 600 employees) privately held company - both manufacturing firms. How employees were treated and paid were very similar, if anything employees were treated less consistently (nepotism, arbitrary promotions) with the private firm. The private firm had stock (just not publicly traded), shareholders and a board of directors just like a public firm, and the private firm focused on short term earnings just as the large public firm did. May have been because the private firm had to compete with public firms, they really couldn't act a lot differently.
And there seem to be public companies that employees flock to, presumably they don't all 'screw their workforces.'
Again, two data points doesn't provide a sound conclusion by any means, so FWIW...