Business Environment : A New Way Of Thinking And Companies Essay

762 Words Nov 10th, 2016 4 Pages
The business environment is rapidly changing and while some global companies are striving with their success, they are also facing the challenge of hiring diverse and qualified employees effectively.
Companies have changed the way they do business because globalization has transformed society and economy and many companies recognize now that having multi-cultural, diverse workforce is a key to success. Diversity symbolizes a new way of thinking and companies perceive those individual differences as opportunities rather than barriers, but how can they solve the problem of the difficulty in hiring and retaining those diverse employees? Here are a few solutions for this issue;
1- Diverse labor force demands diverse employee benefits
One of the solutions to attract diverse employees is to actually have a diverse and flexible benefits package and competitive base pay. Different people will value different things. Employees usually consider a good benefits package and salary to determine the best job offer. A company that offers good benefits and a competitive pay is likely to have loyal and longer-term employees than those who do not. Talented professionals typically will consider job offers from companies that has more than a good salary to offer as a better choice than those that does not. The only problem with this solutions is the cost of health insurance skyrocket increasing employers cost.
2- Determine the specific knowledge, skills, abilities and qualifications…

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