Companies need to focus on diversity and look for ways to become totally inclusive organizations because diversity has the potential of yielding greater productivity and competitive advantages. Managing and valuing diversity is a key component of effective people management, which can improve workplace productivity. Unmanaged diversity in the workplace might become an obstacle for achieving organizational goals. Therefore diversity can be perceived as a “double-edged sword”. (Barbara Mazur, 2010) Performance management (PM) is a very important process of human resource management(HRM), in general.
Diversity is a work spot where we discover a scope of taking after components, for example, national distinction diverse dialect, religion, societal position and at some point age likewise can be incorporated into different qualities. Overseeing differences is altogether different employment yet in the event that we oversee assorted qualities successfully then nobody can increase upper hands. Be that as it may, on the off chance that we fall flat then we must be prepared for confronting the troubles. Advantages of Workplace Diversity: Organizations perceive the need and significance of putting resources into diversity and expansion as a major aspect of their comprehensive ability administration enhances and to as often as possible test their associations to make the association between those qualities and their gathering execution. Differences are particularly essential in today's worldwide commercial center, as organizations participate with various societies and customers.
It is essential to the organization especially during this complex environment. Tariq et al. (2011) mentioned that high adaptability can help the organization gain competitiveness advantages. This is because the adaptive leader can recognise the change of the environment and prepare to perform better which can lead to sustain the competitive advantages among the competitors. The adaptability also important when the organization is facing a diversity of the workforce (Yukl & Mashud, 2010).
Running diversity is economically beneficial to the organization because of client and job satisfaction, creativity, innovation, and increased employee productivity from this perspective. The most important underlying principle for the diversity management approach is to achieve competitive advantage through requisite variety—the standard that the diversity within a system must reflect the surrounding variety in which it operates (Weick, 1979). One the other hand, one of the causes organizations adopt diversity management programs is to achieve moral advantages (Hon and Brunner, 2000). For that reason, organizations, driven by ethical concerns, embrace diversity as a part of their CSR
These differences contribute to the organizations ability to be flexible, generate problem solutions, relate effectively to a wide range of clients and to providing a balanced range of services. An organization can invest in developing effective employment programs and strategies that support diversity, but unless they have created an inclusive work environment, that celebrates and builds on differences and that is productive, rewarding, enjoyable and healthy for everyone concerned, they are likely to find that diversity creates more problems than it solves. They will be unable to take advantage of the benefits of diversity and are likely to have difficulty retaining employees. Work practices that make environments safe for all have achieved cultural competence and as a result are demonstrating cultural safety. Overall, this means that the workplace if spiritually, socially and emotionally respecting and appreciating different cultures and that there is no assault, challenge or denial of any person’s identity.
Diversity plays a vital role in today’s world. When we refer to this term, we often connect it to demographic groups such as race or gender, but diversity is a broader and inclusive concept. In accordance to the book “HR2”by Denisi/Griffin, diversity exists in a group or organization when its affiliates differ from one another (Denisi/Griffin, 2013 pg.172). These differences include gender, age, culture, social status, and ethnic origin, among many others. We are all different, not only physically, mentally, and culturally, but also in our perspectives and prejudices.
This result in more attention and developments on the human resource management strategies to engage in significantly improved factors in several international firms (Francesco and Gold, 2005). Several academic researchers such as Tietjen and Myers (1998) have indicated how influential human resource management strategies can be. Schwartz and Bilsky, (2008) required that human resources to business can bring important values, different from machinery, employees carry valuable knowledge which can guide firms to the road of successes. Therefore a powerful and effective human resource management strategy can make companies to survive in this modern competitive business
A majority of global enterprises claims that is not the multiple geographical presence that makes an organization truly global, it should be backed a global workplace culture too. In fact, the intercultural communication facilitates employees to deal with possible disagreements among the team members. It is rather obvious, that growth is an outcome of innovation, which is critically dependent on the workplace harmony. Here, it is the vision and leadership of the HR managers that decides how much effective is the organization in capitalizing the employee diversity. However, it is a double-edged sword and unmonitored diversity may cause a great loss to the organization in numerous ways.
For example, it is not a good practice to limit diversity to only workforce representation — like some organizations tend to do — and reserve bigger decision-making roles for a select gender or race. Popular American clothing retailer, Abercrombie and Fitch, found itself embroiled in many lawsuits, as it was thought to be promoting a particular race to increase its sales by including and hiring a majority of white Americans in the positions visible to public and pushing people of color to stockroom jobs. The positives of diversity and inclusion outweigh many challenges, which can be handled if organizations have diversity management measures in place. Therefore, it is important for companies to have and manage the policies that contribute to positive work environments in order to leverage
A good community’s stand-in social firmness and more inclusive economic growth will help in turn support a better customer base, assistant talent pool and supplier base for the business. Whereas Promoting good governance will help Wal-Mart continually scales them against other companies and also across industries consults with corporate governance experts and involves with key investors to support the practices. The culture of ethics and integrity is the attitudes and conduct that will help the company to create an honest, fair and yielding workplace that defines who they are as a company and how they treat one another, and about suppliers and the customers. The company’s mission is to protect people money so that they can live better, and customers around the world trust to deliver on the promise that are being made. They created the mission by making more economic chance for our customers