¶ … Managing Diversity
Workplace diversity can significantly improve a company's working environment in several ways. The first advantage is that it will enable employers to tap into the knowledge, talents, and experiences of individuals from a variety of backgrounds. This can in turn lead towards improving a company's products and services. The second advantage is that diversity can lead to improved rates of employee retention; according to a national survey conducted by Linkage, Inc. And Diversity Best Practices, ninety percent of the employers surveyed believed that diversity helped their companies to retain employees (Goodison, 2003).
The third advantage is that will foster more inclusive working relationships among coworkers, especially among those engaged in teamwork initiatives. This will come about as employees begin to appreciate learning about the many experiences and lifestyles of people from different backgrounds. A fourth advantage is that a company that values workplace diversity will be more likely to attract female and minority applicants, according to a survey conducted by San Francisco-based WetFeet.com (Leonard, 2001). This in turn can help prevent a...
Managing Diversity and Equal Opportunity With the turn of the 21st century, a dramatic increase is being witnessed in the international flow of labor with repercussion for domestic labor supply and management. The native, racial and emigre mixture of the employees is predominantly important for the workplace. The importance of this domestic cultural multiplicity in the labor force, highlighted by worldwide influences and necessities, has lately encouraged the researchers to focus
Managing Diversity in the Workplace The modern business environment is marked by numerous people-oriented variables brought to organizations. These variables include gender, race, age, and religion, and socioeconomic background, regional and national origin. All these factors form the current workforce in the market place. Diversity is widely recognized as one of the world's greatest strengths. Diversity continues to affect the society and the organizational workforce in the process of shaping the
Research will be useful to companies of all sizes and in all sectors of the market. Everyone is affected by diversity, whether they realize it or not. Companies that do not have a diverse workforce internally still come into contact with suppliers, customers, and others outside of the company who are from differing backgrounds. The research will benefit public and private companies of all sizes by allowing them to gain
Managing Diversity Matters A Study on QANTAS Women Representation at QANTAS QANTAS' Focus on Diverse Needs of Customers QANTAS Ideology Regarding Recruitment of Youth Challenges Faced By QANTAS In today's challenging global scenario where competition is rising every day, it is necessary for Multinational organizations to address the basic need of today's business world: diversity. Customers, employees, strategic alliances, competitors, industry norms etc.; they are all subject to changes every day. This is the reason
Companies will need to look at regional and national differences, and draw on the similarities between countries to enhance their competitive advantages (Powell, 2005). It is clear that as company, like WTI grows globally, they will benefit from a multicultural workforce. They must put managerial, educational, and cultural proactiveness in place, which will not only improve their opportunities for greater worldwide competition, but by bringing establishing a multicultural workforce,
Diversity Audit The Coca Cola Company is well-known for its commitment to diversity. The Company has a workforce where almost half the employees are women. However, their representation on the senior management levels is only 26%. The company also recruits racial minorities and members from the LGBT community. The company has institutional mechanisms to ensure that workforce diversity is respected and appreciated throughout the organization. Senior managers demonstrate their commitment to
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