Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

1 Subject

DQ4

Dq4

Q • Discuss what type of compensation and benefits an organization could offer to engage, attract, recruit, and retain a diverse and strong workforce. What factors must you consider about your workforce to create compensation and benefits that appeal to a diverse workforce? How might those considerations vary by industry or company?

View Related Questions

Solution Preview

In today’s competitive marketplace to be able to recruit and retain a diverse and strong workforce is pretty challenging. Millennials are known to switching jobs when one workplace does not suit their needs and do not offer them appropriate opportunities to grow. Employees love benefits and a competitive compensation benefits long with a number of perks can often make them stay with a firm longer. Most companies offer insurance plans, disability insurance, retirement benefits, paid sick leave options and flexible paid vacation plans, etc. ("Employee Benefits & Compensation Ideas for Your Workforce", 2021). However, different organizations are coming up with a number of flexible benefits to attract experienced and strong team members.