Journal of Administrative and Business Studies Details Journal ISSN: 2414-309X
Article DOI:https://doi.org/10.20474/jabs-10.1.1 Received: 23 September 2023
Accepted: 19 December 2023
Published: 11 February 2024
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Comparing skilled workforcemanagement as part of corporate social responsibility in Finland and Taiwan
Niko Cajander, Arto Reiman
Abstract
This study compares the integration of skilled workforce management and corporate social responsibility (CSR) between Finnish and Taiwanese companies, highlighting both similarities and differences. The study analyzed CSR reports from 55 major companies, 25 from OMXH25 (Finland) and 30 from FTSE TWSE Taiwan 50 Index. Utilizing directed content analysis, the research identified and categorized skilled workforce management into normative, strategic, and operational levels according to used frameworks. Both regions emphasize the importance of diversity, equity, and non-discrimination as fundamental values for attracting and retaining skilled workforce. However, Finnish companies tend to focus more on clearly identifiable groups for inclusion and diversity efforts, while Taiwanese companies emphasize the diversity of skills and integrating them seamlessly into the existing workforce. Additionally, Taiwanese companies prioritize global talent attraction and flexible workforce needs, whereas Finnish companies excel in regulatory compliance and digital transformation. Both countries' companies benefit from continuous learning and development, suggesting that collaborative efforts among companies, educational institutions, and policymakers could bridge the skills gap and meet labor market demands. Taiwanese companies' holistic approach to integrating normative values, strategic planning, and operational execution offers a model for improving skilled workforce management globally. This comparative analysis not only highlights the nuanced differences but also provides insights for companies to tailor their strategies to local conditions, enhancing their competitive edge. Future research should explore a broader range of countries and include small and medium-sized enterprises (SMEs) to provide a more comprehensive understanding of global talent management practices.