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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
Introduction
Today's global politics and economy are intertwined, so companies are subject to intense competition across industries. In pursuit of growth and development, most companies have taken various measures to transform towards diversification and internationalization (De Massis, et al., 2018), including technical cooperation, strategic alliances, and joint ventures with well-known multinational companies, or directly or indirectly investment in overseas companies. Moreover, governments of various countries continue are cultivating potential human resources (such as encouraging women's employment and re-employment of the elderly, and guaranteeing the employment rights of ethnic minorities or the disabled), and actively recruiting foreign professional and technical personnel by providing permanent residency to foreign professionals (Bratton, et al., 2021) to enhance the competitiveness of domestic industries. This shows that important resources of a country or an enterprise are not limited to capital, technology, or equipment, but also include talents with professional abilities. Human resources will flow freely internationally, and in the future, multinational companies will need to attract more and more talents from other countries. In addition, this also means that the "diversity" of human resources is a global trend. Many internationally wellknown companies (such as McDonnell Douglas, Hewlett-Packard, Xerox, General Electric Company, and Ortho Pharmaceuticals, etc.) offer relevant diversity training courses (Cox, 1991) because leaders of these companies believe that their companies' future competitive advantage will depend on the management of a diverse workforce. In other words, "managing diverse workforce" has also become...