Corporate Cultures and Their Impact on Recruitment and Retention Essay

Corporate Cultures and Their Impact on Recruitment and store - Essay ExampleThe study suggests that global companies are realizing the importance and need to invest in the gentlemans gentleman capital. They can no longer take people for granted and sit back. Global thriftiness is expanding, business opportunities growing but the available workforce steadily reducing. A culturally unfaltering cheek succeeds in attracting and retaining the top talent and can expect to climb the ladder of success. By the close of the 20th century, business houses came to accept that people, not cash, buildings, or equipments differentiate one company from another. Corporate culture is paltry into the limelight and proving to be an untapped asset for employees and businesses alike. Researches have shown that at the time of economic turndown the companies having strong and adaptive cultures are better able to handle the financial crisis than those with weak and poorly defined cultures. The amend co mbination of people and culture can mean the difference between the financial success and failure. As technology advances corporate culture will assume an even bigger role especially in the IT sector as competition increases. Organizations today recognize the need to attract the right brains to thrive in the competitive market and retain the employees. The norms of an organization are transmitted from generation to generation and are answerable for its financial success, which is the ultimate goal of any business organization. Understanding and assessing the company culture at both stage is vital.