The Benefits Of Managing Diversity In The Workplace

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Managing Workplace Diversity
With the ever-changing business environment, employers are adapting diversity guidelines and schemes that appeal to their employees, clients, vendors and suppliers. Diversity in the workplace brings with it a host of potential benefits, as well as potential conflicts for employers to manage. Diversity is about learning from each other in spite of our ethnic background and combining those differences into the workplace to gain experiences and enhance understanding Managing diversity in the workplace should be an essential part of the background of the entire organization. Successful organizations focus on instilling and embedding the values of diversity in their culture and management systems. These organizations …show more content…

For an example, a diverse workforce increases economic growth. This is proven with McKinsey & Company study, where they found that the more number of women in a workplace contributes higher GDP in United States. The studies prove that women have more capability in making wise decision. Other than that, diversity creates a more creative and innovative workforce. Recruiting employees from various background, qualification and experiences will help to create a unity among employees which will contribute to effective problem solving. More creative idea can be generated which brings to an effective decision making. According to Forbes study in 2011, around 85 percent participant strongly agreed that diversity is vital in fostering innovation in the workplace. Another important reason for increasing diversity is because it helps to avoid employee turnover costs. Failure of organization in designing an attractive work place results in higher number of employee turnover rates. Having a diverse, friendly and non-biases work environment helps many employers to avoid these costs. Furthermore, when an employee leaves the job, the cost and process of hiring equivalent candidate to replace the position would be much higher and consume more time in providing training for new …show more content…

The main difference between equal opportunity and managing diversity is the force for change. External forces like human rights and government legislations is tend to foster the equal opportunity while the external forces within the organizational structure tend to foster managing diversity. The objective of equal opportunity is more on social justice and amending mistakes that have been made in the past: “to correct an imbalance, an injustice, a mistake”. On the other hand the main objective of managing diversity is to treat employees as individuals, recognize that each of them has inimitable requirements which need different types of support in order to succeed. Equal opportunities approaches focuses on combined efforts, equal participation and shared responsibilities apart from gender, ethnicity, sexuality and disabilities. Employees and customers have legal rights to be treated fairly and equally since they are protected by law (Kirton and Greene, 2005).In contrast, managing diversity is a voluntary hands-on course of learning and change. Effective diversity management creates a comprehensive culture where all employees are treated with dignity and respect; their contributions will be acknowledged by management and thus aid in establishing a competitive advantage. According to Lawler (1996), managing

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