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Importance of diversity management
Diversity within the workplace
Importance of managing cultural diversity in the workplace
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Diversity in the Workplace Diversity in the workplace has been a hot topic around organizations in the United States for several years. Diversity is the state of employing a staff of people that are different within the same organization. It includes, but is not limited to age, gender, religion, sexual orientation, and even education (Nixon & West, 2000). Many organizations participate in diversity programs to ensure that all employees felt like they are part of the team not discriminated against. Research shows that having a diverse work environment improves profitability, employee performance, and better customer service. According to the data from the 2000 census, there was a shift in the demographics (US Census Bureau, 2001). This shift …show more content…
Diversity within a company will benefit the company’s bottom line and help the company to keep the competitive edge (McCuiston, et. al., 2004). Improving the bottom line can be also be improved by retaining employees and improving customer service (McCuiston, et. al., 2004). So utilizing a diverse work group is very rewarding for the companies who implemented it correctly. The profitability that the company will see may not be seen on the front end, but the long term results will yield a better profit for the company by helping to reduce turnover rates, improving employee morale, and the recruitment of new …show more content…
The positives outweigh the negatives, if the initiatives are implemented and managed properly. Diversity gives employees the opportunity for job promotions and even job transfers. Companies that overlook diversity, as being key to success will fall behind their competitor and slowly drift into the background and ultimately be phased out. Implementation is the key to becoming a more diverse organization therefore; improving the overall profitability, better performance from their employees and better customer service. “To meet the challenges of the 21st century, corporations need to develop a diversity of talent that enables them to be innovative, responsive, and flexible” (Nixon & West,
Diversity has a positive impact on business. It brings greater return on equity, sales and invested capital. 3. The factors that favor diversity are what everyone wants in the workplace, like job satisfaction, better work life balance and success, so everybody
It improves understanding of your customer’s needs, a recent research suggests that customers differ in their value to a firm, this means customers may value a firm by its discounts, warranty and customer service and so on. The more diverse the workforce is the more understanding of customer needs, an employee with the same background as a customer may understand the customer which is employees empathizing with customers. Different ways of thinking increases productivity, employees may handle a problem or situation in different ways since every individual has their own way of thinking and handling a situation. With the different ways of thinking brings solutions that will get the company going. When an employee is good at something for example presentation skills, he or she may help someone which is not so good at it. Learning from each other and supporting each other leads to high morale and employee satisfaction. Greater Innovation and creativity, new ideas and skills are brought by different employees into the organization which increases employees to practice what they are good at such as talents; drawing for example. This will create creativity and production as well. When there is an increase in skills it enables an individual to master something in the organization. When there are challenges they can be overcome with the mastering and increase in skills. There will be a lot of opportunities due to the ever increasing growth in the market. A greater diversity within the workforce increases your company’s ability to succeed regardless of what may come
Having diversity in the workplace allows for greater growth within a company due to the different opinions and perspectives of people from all walks of life. To remain competitive, many companies are being advised to recruit, develop and retain men and women of all different backgrounds, ages and races (Cox and Blake, 1991). By doing this and also accommodating the needs of their demographically diverse workforce, companies will become much more appealing places to work therefore reducing turnover and absentee
Businesses that promote diversity in today's global marketplace are better able to attract and retain the best talent. Employing a diverse workforce allows a company to utilize the potential within the job market to its fullest and contributes to overall economic growth and prosperity. Differences among co-workers should not divide a workplace. Rather, differences among co-workers should be used to foster creativity and innovation, thereby driving profitability and business success.
The impact of diversity in the workplace is contingent upon several factors. Across companies diversified workforces are becoming increasingly common. To successfully manage a diverse workforce, organizations are ensuring that employees understand how their values and stereotypes influence their behavior toward others of different gender, ethnic, racial, or religious backgrounds; are gaining an appreciation of cultural differences among themselves; and behaviors that isolate or intimidate minorities are being improved (Noe et al., 2010, pg. 302).
Living in a country where it was founded by immigrants, diversity is everywhere you go especially in the workplace. There are many types of diversity; ethnicity, gender, religion and age just to name a few. Working in a diverse organization it can give you a taste of the real world, and what you will deal with wherever you go. There is so much diversity in the world today so it is a benefit to experience it in the workplace as well. You are given the chance to learn so many things from different cultures, why wouldn't you want to work in a diverse organization?
Diversity is a highly important issue in today’s business, especially in a globalized company. Workplace diversity helps to get better solutions to business problems (Schawbel, 2012). When you have a group of individ...
In the workplace, it is common to encounter individuals of different cultures, ethnicities, and genders. This diversity can either lead to an introduction of new work methods, or it can lead to conflict between coworkers. In order to avoid conflict, and have all employees work as a cohesive team, managers must educate themselves, and their employees on the topic of cultural diversity. In order for your practices to be considered effective, you must not only respect and recognize an employee’s diversity, you must use their difference to benefit them.
The researcher believes, in this fast-changing era, any kind of company or organization should be able to improve the quality of workplace diversity by having some important main factor to boost the new paradigm of a diverse workplace, such as:
Consultants and the managers as well as business leaders believe that effectively managing and handling the diversity is the competitive advantage. This advantage stems from the process in which diversity management affects the organizational
The importance of diversity in the workplace that it can aid in a competitive framework
Introduction Over the past several decades, individuals with disabilities have fought for equal rights. Within today’s society the disabled population makes up 17.9% of the workforce, compared to 63.7% of the non-disabled population within the workforce. This research paper will address the challenges of diversity presented by individuals with disabilities the in the workplace. The increasing challenge for disabled individuals in the workforce continues to transpire; as employer’s anxiety towards individual with disabilities impedes their ability to attain employment. More than 20 years ago, the Americans With Disabilities Act was established.
The importance of diversity, advantages and disadvantages/problems that arise in the workforce will be discussed, as well as the key tools and strategies supervisors need to know about managing diversity in the workplace.
According to a report by The Network of Executive Women (NEW) in 2011, they found that success is linked to three things; customers feeling a better connection to a diverse brand, a diverse workforce bringing innovation, and gender diversity leading to higher revenue (Sweeny). In addition, a diverse pool of employees will reflect the maturity within the organization by promoting a positive reputation for the company (R, 2017). Another aspect that is often overlooked is that by becoming a more diverse company, it allows them to broaden their search for potential employees. This allows them to look through more applications so that they can hire the best in the industry, ensuring a higher chance of success within the company (R, 2017). For example, a candidate who is bilingual could be beneficial as they would be diverse in that way through conversing with customers of a different language.
Diversity is all around us and how organizations deal with the notion of diversity can be complex and quite diverse. We know that being diverse in the workplace is important to the organization's success, should be recognized, accepted, and embraced. It’s how the organizations live up to what they believe in and must go above and beyond legal compliance and requirements to promoting diversity and inclusion. Otherwise, employees may view the organization's vision and policies as lip service and only be tolerant of diversity because the organization said so.