A STUDY ON HOW WORKFORCE DIVERSITY AFFECTS BUSINESS MANAGEMENT STRATEGIES

Jun-Chen Chu*, I-Shou University, Taiwan (ROC),

*Corresponding Author: This email address is being protected from spambots. You need JavaScript enabled to view it.

Hsiang-Chen Hsu, I-Shou University, Taiwan (ROC), This email address is being protected from spambots. You need JavaScript enabled to view it.

Shu-Ya Chang, Pacific University of Nicaragua, Taiwan (ROC), This email address is being protected from spambots. You need JavaScript enabled to view it.

Abstract

In response to the changes in the labor market, recent companies have recently developed an innovative employment model (i.e. diversity-based workforce model) to optimize labor costs and generates relative performance. As workforce diversity has become a new employment model in the 21st century, this study aims to explore how companies face the employment market with diversified labor demand. This study uses a business case to illustrate that the diversified employment model can increase employees’ wages and motivate them to receive on-the-job training. Furthermore, a dynamic employment market can promote national economic growth. The study found that the adoption of a diversified employment model has a positive effect on business strategy, enabling companies to use workforce flexibly and contribute to the development of national economy.

Keywords: workforce diversity, business management strategy, labor market, employment model, business performance management

Attachments:
Download this file (1272 Final.pdf)1272 Final.pdf[ ]407 kB
Go to Top
JSN Solid 2 is designed by JoomlaShine.com | powered by JSN Sun Framework