Working for a non-profit organization focuses on serving a public benefit rather than profit, while a for-profit company's primary goal is making money. Non-profits offer benefits like being able to make a positive impact, greater work-life balance and flexibility, but typically have lower pay and bonuses. For-profits provide higher compensation but your work is oriented towards generating revenue rather than a social cause. The best choice depends on an individual's priorities around purpose, compensation and lifestyle.
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Working for a non profit organisation versus working
1. ‘working for a non-profit
organisation versus working for a
profit-oriented company’.
2. Non profit organizations
Definition:
• A non profit organization is formed for the
purpose of serving a public or mutual benefit
other than the pursuit or accumulation of
profits for owners or investors.
3. Profit organization
Definition:
• A business or other organization
whose primary goal is making
money (a profit), as opposed to a non profit
organization which focuses a goal such as
helping the community and is concerned with
money only as much as necessary to keep the
organization operating.
4. one can make positive changes in
the life of thousands of people
- to build affordable homes for poor
families
- provide education to mentally
challenged people.
5. satisfaction
• It gives immense satisfaction when you come
to know that your every action do good to the
person who seeks your organization’s
assistance.
6. Balance work and family
• Non profit firms are very informal in terms of
vacation and working hours. It also has a more
moderate approach towards lifestyle.
7. Variation in work
• As there is insufficient staff to accomplish
tasks in non profit organizations, it provides
you the opportunity to do various kinds of
tasks other than your job profile.
8. Higher purpose
• In non profit careers, staff members do not
execute their responsibilities for the sake of
making money.
9. Lower bonuses
• In non profit organizations, you hardly get
bonuses.
• Also in the last few years, the benefit packages
are also reducing.
10. Succes measurement
• For example, an organization is running a
program to promote parents to read more
than the children.
Here, it is highly impossible to calculate the success of a campaign. It is difficult to attract
funds and form sufficient focus groups.
11. Burn outs and depressions
• In some types of non profit organizations, you
need to work with miserable, destitute people
or even worse.
12. Lower earnings
• Most of the non profits firm requires highly
educated people (Masters degree or PhD) for
senior level positions. However in non profit
careers, one receives a less amount of salary
and has to do a lot of work.
13. Example of a non profit
• Oxfam-Wereldwinkels is a democratic volunteer
movement that strives for fair world trade and
fights for everyone’s right to a dignified existence.
• Oxfam-Wereldwinkels is the main fair trade
organization in Belgium.
Through campaigns and activities, Oxfam-
Wereldwinkels raises public awareness about
unfair trade.
14. • The organization urges governments and
enterprises to do something about this
injustice. By selling Oxfam Fairtrade products
the organization offers consumers a concrete
alternative.
15. n° 1 Google
• 18391 employees
www.google.com
Industry: Media - Online Internet Services
Ownership: Publicly quoted/held
State: California
16. Eric Schmidt, Executive
Chairman, Google
• The goal is to strip away everything that gets in
our employees’ way. We provide a standard
package of fringe benefits, but on top of that are
first-class dining facilities, gyms, laundry
rooms, massage rooms, haircuts, carwashes, dry
cleaning, commuting buses – just about anything
a hardworking employee might want. Let’s face it:
programmers want to program, they don’t want
to do their laundry. So we make it easy for them
to do both.”
17. • Working for a non profit organization is more
fullfiling but working for a profit organization
makes you wealthier. You have to consider
what is more important for you personally.