There are two different types of hoist and depending on the what you industry is using it for it come in Electric operated and Manual operated equipment.

With more man power required, this enables the employee to have more control in the slow, fast and movement of the objects from one location to another.
Being manually operated it the hoist will only move as quick or as slow as the person operating it, therefore it may take a little bit longer to get the job done.
With the hoist being manual operated, in the case of the equipment breaking down may be as simple as replacing a part, that could be easily fixed by an employee.
Electric Hoists - an electric hoist is operated by electricity and will need to be placed near a power point source to be able to be used.
A hoist powered by electricity allows the operator to move the object with the simple press of a button. This will allow the operator to be freed up and be able to perform other tasks if the equipment is self powered.
Time is an extremely important factor in many industries and with the use of an electric hoist, it can perform jobs quite quickly and can be very reliable. On the occasion that the equipment may need to be replaced or upgraded it may improve productivity with a more modern device.
Depending on your industry, a manual and an electrical hoist can be used to perform many tasks, and both have many great benefits to suit.