Is there any difference between private and government componies for employees?

A private limited company is a voluntary association of not less than two and not more than fifty members, whose liability is limited, the transfer of whose shares is limited to its members and who is not allowed to invite the general public to subscribe to its shares or debentures

1. A public limited company is a voluntary association of members which is incorporated and, therefore has a separate legal existence and the liability of whose members is limited. Private Limited is a fully owned company by group of promoters. All shares of the company are in private hands. In Limited Company, which is in fact Public Limited, who's owners are Public, and shares are open to to anyone to buy and sell and keep it. Maximum share holder runs the company, as per Company Law.There is difference of shareholders and shareholding pattern. In Pvt. Ltd. company the share holders comprises of close group of friends and relatives. A Pvt. Ltd. company cannot make an offer for public to subscribe its shares. Its main features are 1.)    The company has a separate legal existence apart from its members who compose it.2.)    Its formation, working and its winding up, in fact, all its activities are strictly governed by laws, rules and regulations. The Indian Companies Act, 1956 contains the provisions regarding the legal formalities for setting up of a public limited company. Registrars of Companies (ROC) appointed under the Companies Act covering the various States and Union Territories are vested with the primary duty of registering companies floated in the respective states and the Union Territories.3.)     A company must have a minimum of seven members but there is no limit as regards the maximum number.4.)     The company collects its capital by the sale of its shares and those who buy the shares are called the members. The amount so collected is called the share capital.5.)   The shares of a company are freely transferable and that too without the prior consent of other shareholders or without subsequent notice to the company.6.)    The liability of a member of a company is limited to the face value of the shares he owns. Once he has paid the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company.7.)    The shareholders of a company do not have the right to participate in the day-to-day management of the business of a company. This ensures separation of ownership from management. The power of decision making in a company is vested in the Board of Directors, and all policy decisions are taken at the Board level by the majority rule. This ensures a unity of direction in management.8.)     As a company is an independent legal person, its existence is not affected by the death, retirement or insolvency of any of its shareholders

1.      Government organization employees place a higher value on extrinsic factors of motivation than private organization.

2.      Public sector managers rate job security lower than private sector managers, and they prefer ethics above pay. Private sector managers prefer pay above ethics.

3.      Public sector employees show a higher level of satisfaction than their private sector counterparts.

4.      Public sector managers experience greater job security than private sector managers.

5.      Public managers show lower levels of job involvement than business managers.

6.      Govt. employees are less unconditionally committed to their work as are private sector managers and employees.

7.      Public sector employees are less committed to their organizations than are private sector employees. Compared to private sector employees, their personal goals and values are less compatible with the organization.

8.      Public sector employees place less emphasis on job security; private sector employees place more emphasis on extrinsic rewards.

9.      Work recognition and contribution to society is also the difference between Govt. and private organizations.

The size and complexity of many government programs exceed that in the private sector.