It’s quite evident that the past few years have seen drastic shifts in the country’s workplace environment. Today’s workforce has taken on a look different from that of the past, with employee demographics more diverse than ever before, including an ever-widening range of ages, racial groups and ethnic backgrounds. Many of these groups, notably including women, are commanding a greater sphere of influence and power. Furthermore, the employees of today are demanding new approaches to work culture, looking for employers to recognize their personal needs and value, both in the workplace and in their home life.
Business owners, aware of these shifts and the dynamic changes between employer/employee relationships, have taken notice and are reshaping their workplace practices and benefit portfolios to avoid any potential turnover in their workforce.
As a result, employers are offering more competitive pay, enhanced health benefits and flexible work-from-home arrangements. But more than just competitive pay, employees have demanded racial, gender and pay equity. Employers have recognized that creating an inclusive culture is important to the success of their company and its long-term growth and profitability, since today’s employees are quick to begin searching for new employment if they feel their needs are not being met.
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