Importance of Diversity in Workplace Cultural diversity includes differences in the composition of the members of an organization in terms of nationality, race, color, gender, creed, religion or age; in other words, a variety of cultures found among people from different environments. Organizational behavior be referred to the nature of the interactions between individuals and groups within an organization. The positive influence of cultural diversity makes it easier for members of an organization build relationships and know one another regardless of their origins and their environment. "Diversity and Inclusion brings in diverse different talents together working towards a common goal using different sets of skills that ignites their loyalty and increases their retention and productivity" (Sahar Andrade, 2010).
• Diversity Management at Organisational Level: Organisations have a better grip in understanding of legal, political, social, economic, cultural environment. Better suited to serve diverse external customers in a well managed diversity enhances employees relations and reduces the cost of labor. Employers who successfully manage diversity are better at attracting and retaining skills and talents because many workers are drawn to companies that embrace diversity (woods and sciarni 1995 p
When an organization wants to be successful they will embrace diversity because they understand having a diverse workforce is an asset and not a threat and will only improve the organizational structure and performance which in turn increases the company’s bottom line (Nederveen Pieterse, Van Knippenberg, & Van Dierendonck, 2013). The reason for this success is because everyone from different backgrounds can bring a lot of different experiences and talents from all walks of life which can help the organization thrive in ways they would not have without the varying inputs from the different backgrounds. In other words, some employees only know things from their own background and have limited insight on certain topics, whereas employees that have knowledge from a different perspective provides more opportunities for the organization to be more competitive. It is not to say that employees that employees with similar backgrounds and cultures do not have much to offer, but when working with other individuals that have much different experiences and insights it can take a company much further than similar backgrounds working together. The reason for this is due to the different options available to the organization because each individual will bring something unique and have the potential of thinking differently about the
It is no longer about only meeting compliance protocols. It is rather associated with key business drivers: greater market share, diversification into emerging markets, a greater number of customers, greater profits, and higher sales revenue. Diversity and inclusion is a business enabler, as it contributes to business strategies, such as developing effective global leaders, building a more customer-oriented workforce, and enabling an organization to be
Inclusive workplaces that openly communicate their values and strategies on equality, human rights and inclusion are capitalising on this as they are able to attract a wider pool of applicants and talent. Candidates from minority groups may be put off applying for positions in organisations that do not make their commitment to inclusion known. it also had a great impact upon the company’s reputation and help in building the brand value of the
It also relates to HRM because it mentions some tips and tricks that HR professionals can do to lawfully boost diversity in the workplace. Increasing diversity in the workplace is always a good thing and can also alleviate the tension between employees who sense that there is a gender bias present. If a business wanted to increase diversity in the workplace, they should come up with strategies and/or job ideas that both men and women can both do equally, or an equal amount of duties for each gender. Being able to increase diversity in the workplace is crucial for a business because it would not only make employees feel more comfortable, but it can also create opportunities for both genders to
Motivating cultural behavior within an organization builds up binding within the employees of an organization, which automatically makes them put in their efforts in a boosted up manner. This forms teamwork within the organization, which is a massive positive element to beachieved by any firm within the industry. Moreover, good culture within an organization will also ensure that relations within the employees are strengthened, which will automatically increase productivity of each of these employees. Delegates endeavor their level best to perform better than their related workers and win affirmation and vitality about the supervisors.Moreover, good and constructiveorganizational culture will also raise the reputation of the organization within the industry, which will help the management to build a brand value of the firm. Therefore, it can be quiet reasonablycommented that the organizational culture of an organization plays a huge role of significancein successachieving within the industry(Dunkerley, 2012).
It is true; compensation is a major factor when it comes to new and current employees selecting or staying in their current jobs. However, there is a deeper underlying factor involved with compensation and how it can affect companies. Analyzing compensation has brought up 3 major underlying factors in compensation amongst a workplace such as, attracting new employees to make recruiting and hiring possible, retaining good employees and the use of compensation to motivate employees to perform well on their jobs. First, compensation plays a key role in attracting new employees with making hiring easier and or even possible. When looking to recruit new employees it is very important to make the compensation package appealing to those new employees.
With this initiative, comes the challenge for top executives and down to rethink their perception of others, and with this topic includes body art. Open-mindedness is required for a company’s diversity program to succeed. “Diversity sounds simple, but diversity encompasses race, gender, ethnic groups, age, personality, cognitive style, tenure, organizational function, education, background, and more” (The Multicultural Advantage – www.multiculturaladvantage.com). “Companies that encourage diversity in the workplace inspire all of their employees to perform to their highest ability. Company-wide strategies can then be executed; resulting in higher productivity, profit, and return on investment.” (The Multicultural Advantage).
Supplier Diversity – Businesses have taken steps to diversify even in the supply chain to ensure that the benefits accruing to diversity from within the organisation are homogenous through the supply chain to the customer. This also helps to promote the image of the company in the case, where the organisation hires workers from the population on site by harnessing the relationship the customers tend to keep with such employees (Marchington, Wilkinson, 2012). Counterarguments Challenges of Diversity - Whereas the benefits of diversity are many, there are a few obstacles in diversifying. People tend to attach some sentimental value to developments originating from native ideas. This fact added to other enforcements by the government and in some cases company policy leads to discrimination against the diversity in people the world bears.