What Employer Is

What Employer Is (hereinafter, the Lectio) is the second lesson part of the Job Market Essentials lesson that introduces its participants to job market and related topics.

WorldOpp Pipeline

This lesson belongs to the Introduction to Recruitment session of the CNM Cyber Orientation. The Orientation is the second stage of the WorldOpp Pipeline.

Content

The predecessor lectio is Employment Vacancies.

Key terms

Employer. Any legal entity that employs one or more employees.

• Government organization. A legal entity that is owned by a government.
• Non-profit corporation. Any corporation that cannot distribute its free cash flow to the Corp's shareholders, leaders, and/or members.
• Operational business. Any business, which business model generates revenue.
• Startup business (or, simply, startup). (1) A business in its search of its business model, which usually means ways not to depend on external funding; (2) An enterprise in the early stages of operations. Startups are usually seeking to solve a problem or fill a need, but there is no hard-and-fast rule for what makes a startup since situations differ. Often, a company is considered a startup until they stop referring to themselves as a startup.

Script

An employer is any legal entity that employs one or more employees. Not all employers are created equal. So are their owners.

Those employers who operate in the public sector are known as government and state-run organizations. These legal entities are owned by a government.

Those employers who operate in the nonprofit sector are known as non-profit organizations. A non-profit corporation is any corporation that cannot distribute its free cash flow to the Corp's shareholders, leaders, and/or members.

Those employers who operate in the private sector can be divided in two groups.

Operational businesses are the ones that generate profits that are sufficient to operate. These employers don't depend on external financing.

The rest of businesses are startups. They are still in search for their sustainable business models. Startups are usually enterprises in the early stages of operations. Commonly, they seek to solve a problem or fill a need. Startups don't generate enough profits from sales and depend on external funding.

Some startups are huge employers. Uber, Tesla, and WeWork are some of them. There is no hard-and-fast rule for what makes startups startups. Often, a business is considered a startup until they stop referring to themselves as a startup.

What Sourcing Is is the successor lectio.