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Diversity and inclusion is a buzzword in the business world, countless company websites tout their commitment to building diverse teams and inclusive cultures. Humanresource departments are instilling D&I training for hiring managers and discussing their role in hiring diverse employees and creating a culture of inclusion.
Unlike base pay, which is contractually guaranteed, these extras offer employers flexibility to tailor rewards to workforce needs , while signaling a commitment to employee well-being. A 2024 Deloitte study found companies with robust benefits packages saw 25% lower attrition rates. The concept isnt new. It is modest yet impactful.
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That’s important, not because I think MBAs should be more like SEALS—I don’t—but because real-world excellence requires more than commitment to educational achievement. ” Human capital champions in higher education and industry typically prize knowledge over skills. .
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