The trend of Fortune 500 Company has experienced several kinds of trends in the modern world as well as the job market. One of the major trends in the company is a change in recruiting style. This changes from the several job boards to a sophisticated hiring system. With the introduction of the job boards in Fortune 500, the job seekers find it hard to tell the diversity amid the anagrammatic job opportunities and a spam (Cameron & Quinn, 1999). This also makes the situation challenging for Fortune 500 Company since they may not be able to tell a qualified candidate and unqualified ones. This is caused by the overwhelming situation as well as the applications for the several available candidates. The situation of the company is somehow the immediate factor that makes the trend inevitable.
The department of finance has also experienced the trend in larger perspectives. The monitoring of the annual reports of the Fortune 500 marks the trend. This is due to the workload with many companies to compute their annual reports. Fortune 500 also supports the idea of opening several companies over the world. The multinational companies have been opened in Shanghai, China. It is considered as one of the top destinations in the world economy. For instance, the US tax policy permits deferral of taxes on all the corporate profits that are found overseas. On banking department as well as the financial services sector, the makeable trends I the market are the huge mortgage firms. They are the powerful global powerhouses.
The trends impacted in the Fortune 500 Company can alter a company’s strategy through the financial department. The employees are also affected by the trends in the way they operate. They may have to change their working strategies as well as add on their skills of training. The contemporary society faces a lot of changes with the changing technology (John, 1983). This calls for the managerial staff of the company to organize workshops as well as seminars to refresher courses. This ensures their skills are sharpened and renewed for more efficient work.
The strategic intent of Fortune is to evaluate the success of all the marketing plans against the company’s objectives. This helps Fortune 500 gauge the challenges as well as find strategies to solve them. The company also makes impulsive decisions that help in dealing with the current trends. Fortune 500 also combats problems and considers the future of the industry. The company also ensures that the resources and the organizational skills meet the expected ideologies of the company. The trends of Fortune 500 Company have experienced several kinds of trends in the modern world as well as the job market. One of the major trends in the company is a change in recruiting style. This changes from the several job boards to a sophisticated hiring system. With the introduction of the job boards in Fortune 500, the job seekers find it hard to tell the diversity amid the anagrammatic job opportunities and a spam. This also makes the situation challenging for Fortune 500 Company since they may not be able to tell a qualified candidate and unqualified ones. This is caused by the overwhelming situation as well as the applications for the several available candidates.
The financial objectives of Fortune 500 Company include giving the employees their benefits. This is by giving the employees their benefit packages as well as insurance premiums. This makes them feel secure to work with the company for a long period of time. Fortune 500 needs to get enough savings to help in saving any prospect financial situations. This includes some situations like fire accidents, road accidents and other funds that are used in special occasions. The company also has financial objectives of expanding the business in future in additional parts of the world. Fortune 500 also sets aside healthcare reforms with the right laws assigned by the business laws. It is usually structured alongside the financial details of employee. Fortune 500 has managed to achieve the financial objectives of the company and has an upcoming strategy of setting higher goals in future.
The company competes with other companies and has a rich organizational culture. This includes the well trained human resource personnel. This process puts the workers in a codependent relation with the management, the public at large besides the environment. This interdependence gives rise to a sequence of wider tasks to society in general. The social accountabilities are both internal and external to the Fortune 500. Currently, there is an aggregate apprehension with the community errands of Fortune 500. This is replicated in parts by the scope of government action besides regulation. For example, the occupation protection, equivalent opportunities, company’s acts as well as consumer law effect to product obligation and preserving the situation. This is based on this the communal tasks of Fortune 500, which is turned into an authorized requirement.
In multinational organizations such as Fortune 500, human resource management is built up to attend to the needs of the employees. The existence of the organization entirely depends on the workforce. The workforce requires motivation in order to labor effectively. An incentive such as wage raise motivates the employees to become efficient. Fortune 500 company invests handsomely on its personnel. It realizes on the importance of regular training of the employees. In reference to the radical changes in the global trend, employees in the multinational companies need to be well acquainted with issues such as innovative technology (Smith & Mazin, 2011). Therefore, Fortune 500 Company emphasizes on regular training and workshops in order to survive in the competitive business environment. Naturally, an effective human resource department encourages workforce effective contribution to the growth of the company.