Many have always viewed the concept of diversity in the workforce as a favorable one. Although this is true, little has been done to actually make it happen. Progress away from the traditional whiteness of business has been uneven and slow. In areas, such as the UK where ethnic minorities represent only 1.5 percent of all managers, the progress has barely even started. It is only recently that companies are beginning to see that workforce actually pays. Rather than seeing diversity as about equality, companies are beginning to see it as an important quality in creating a successful business. .
One of the most important benefits of workforce diversity is the market argument. This argument states that customers want to be served by a company and workforce they can identify with and relate to. Companies consisting of a mostly white male sales staff are automatically limiting themselves. Studies have shown that women spend at least 1 trillion dollars a year in the US alone, while African Americans spend 550 billion and Hispanic Americans spend over 360 billion. .
Another important benefit of diversity in the workforce is referred to as the innovation argument. This argument states that teams made up of mixed ethnicities, backgrounds, and gender are likely to be more creative than teams made up of similar characteristics. A study done among 500 companies showed a 40 percent increase in productivity as a result of diversity initiatives. They also reported improved customer satisfaction and retention, a wider spread of customers in different markets, and higher sales. Forty five percent have also claimed that diversity increases innovation within companies. .
There are many other benefits associated with diversity in the workforce. Many companies have experienced reduced recruitment costs, increased staff retention, and higher motivation among employees. All these factors lead to higher benefits such as product improvements and widening range of processes.
This is precisely what political diversity provides. ... Moreover, political diversity allows most to have a stake and say what is beneficial to the country. ... However, the debate which political diversity encourages can be a double-edged sword. ... Political diversity can thus breed rivalry. ... In this aspect, the political diversity which encourages this may harm the nation as a result. ...
Diversity Training 1 Running Head: DIVERSITY TRAINING Diversity Training in the Workforce Diversity Training 2 Abstract The purpose of this paper is to explore the human differences know as diversity in relation to today's workforce. ... Harmonious diversity in the workplace is achieved by promoting and creating a more inclusive work environment that is leveraged and maximizes said diversity. ... Diversity Training 3 Diversity Training in the Workforce Diversity in the workforce has been growing steadily over the years. ... The face of diversity in the wor...
Confusion still remains behind the words social diversity. ... Well, in Merriam-Webster's dictionary there is not a word for social diversity as a whole, but broken down to social and diversity. ... Diversity in the Merriam-Webster's dictionary means: the condition of being diverse, variety. ... My name in itself is a social diversity. ... Will there always be social diversity around us? ...
Diversity at work place Abstract: Diversity programs have been considered as good investment whose returns have been very beneficial to organisation. ... Diversity of the workforce is clearly here to stay. ... Diversity is necessary if the organisation is to prosper. ... (Sutherland, 1996) What is workplace diversity? ... Diversity matters to both clients and consumers. ...
As diversity in the workforce continues to increase, business leaders need to focus on three main factors in order to maximize diversity in their company. ... Businesses must strictly maintain these factors to keep their business diversity effective. ... Managers should use diversity training classes to better familiarize employees with diversity. The number of training experts specializing in diversity has more than quadrupled since 1990, and 75% of companies either have, or plan to begin, diversity training, up from 40% two year previous (Burgen, 2002). ... The idea behind diversity mana...
Diversity Many of today's companies must deal with the increasing role of diversity in the workplace. They must link diversity into their performance so that productivity, workforce, working environment, and overall all profits are increased. Basically companies must integrate diversity to achieve maximum results. One aspect of diversity is the salesperson to customer relationship. ... Diversity is a major issue in today's world and companies are now dealing with it in imaginative ways. ...
Diversity Paper Introduction: Diversity is an increasingly important factor in today's team as work groups become more diverse in terms of gender, nationality, and other personal characteristics of their members. Sometimes the effect of diversity seems positive, at the other times negative, and in other situation, there seems to be no effect at all. Gender: Gender is among the characteristics associated with diversity and is known to influence team behaviors. ... For example, when the group is engaged in a creative task, diversity of values can be expected ...
This paper will describe diversity and it's importance to the workplace environment. ... We then will create a diversity benchmark for corporations to incorporate into their policies. Defining Diversity Diversity is defined as "describing human qualities such as race, gender, and ethnicity that are different from our own and outside the groups to which we belong- (Gibson, pg. 477). ... Diversity has a major impact on our behaviors and the decision making process. ... If employees understand the importance of diversity then building a relationship is much easier. ...
Table 2 Dilemmas and corresponding recommendations for HR Managers 2.3 DIVERSITY Goal: Come up with ways to overcome foreseen challenges in managing diversity in EXTEC. Diversity is generally defined as acknowledging, understanding, accepting, valuing, and celebrating differences among people with respect to age, class, ethnicity, gender, physical and mental ability, race, sexual orientation, spiritual practice, and public assistance status (Green et al. 2002). Excellent diversity management can provide creativity and innovation and this can successfully unlock hidden capacity for growth of t...
