The Value of Diversity in the Workplace

803 Words2 Pages
bulb-icon

Recommended: managing a diverse workforce

The world is becoming smaller every day. The Internet, mass media, telecommunications and mass transportation have all contributed to the shrinking of international market. Because of these technologies, there is a continuing necessity for companies to address the needs of a very diverse market so that they can be competitive. Companies must now ask themselves what they can do to increase the number of customers for which they serve while determining the needs of these customers. This business process makes diversity a crucial part of a company's growth and operation. Hiring and retaining employees with diverse backgrounds to meet the demands of the global marketplace is the first step to meeting these challenges. Companies like EBS PaineWebber (Grano, 1999) have committed themselves to diversity so that they can establish themselves as a diverse organization ready to meet the needs of a diverse group of potential clients. UBS PaineWebber (Grano, 1999) has discovered that they must hire the best employees available with diverse backgrounds and talents. Hiring and retaining diverse employees not only establishes the company as a diverse organization that can meet the needs of a diverse clientele but also diverse employees have the potential for improved performance over less diverse groups. Diversity can be especially beneficial on creative projects like product development or marketing (Neale, 2000). Diversity is not simply a difference between people based upon where the...

Show More
Related

  • The Value of Workplace Diversity

    1199 Words  | 3 Pages

    The diversity of an organization’s workforce and taking affirmative steps to attract, develop and retain diverse employees has become an essential component to business success. It is to encourage managers to use all resources when recruiting to enhance the cultural diversity in their work place as “dynamic atmosphere of collaboration”.

    Read More

  • Cause Of Diversity In The Workplace Essay

    946 Words  | 2 Pages

    Within an organization, diversity is considered a having a population of people that are of different races or cultures working collectively. From this collection of people, a variance of perspective is formed and talent is fostered in order to maximize performance. These great minds work

    Read More

  • Organizational Behavior Analysis Assignment

    2306 Words  | 5 Pages

    With the increase in globalization, interactions and communication among workplace employees requires diverse backgrounds, cultures and beliefs to coexist. Humans now work in an isolated workplace; we are a part of an economy with worldwide competition generating from all corners of the world. Diversity is needed within profit and nonprofit companies in order to be more effective; these companies must welcome change and adjustments. Diverse employees and environments will help companies to become more creative and successful. Workplace diversity has become an important issue for management nowadays in an attempt expands the workplace structure.

    Read More

  • Racial Privilege: Its Impact on Young Adults' Employment Opportunities

    1519 Words  | 4 Pages

    According to researchers Frances Maher and Mary Kay Tetreault, “Privilege, in its root meaning, pertains to a law--in this case often silent and unseen--that works for or against individuals and groups” (2009). In other words, although privilege is not an object, it is real. Privilege has been demonstrated in various forms of inequality and prejudice all throughout the United States’ history. From not allowing all races to become citizens of the U.S. prior to the Fourteenth Amendment to controlling who got to vote, privilege continues to impact societies. Currently, racial privilege has had a large effect on young adults, such as those in the workforce. Here, privilege negatively affects young people by limiting their hiring opportunities,

    Read More

  • The Impact of Workforce Diversity

    672 Words  | 2 Pages

    Diversity management initiatives are long term and strategic in focus. They strive not only to recruit, but to actively develop, promote and capitalize on the different skills and perspectives of minority employees (Marquis, 2007.) Every day, peopl...

    Read More

  • The Value of Workplace Diversity

    1227 Words  | 3 Pages

    Workplace diversity is one of the most key elements that any business and corporation must have and utilize. The numerous types of workplace diversity are what make us function so well both as a society and as effective businesses. The purpose to having a diverse workplace is to expand the knowledge and experience of all that are within that company. These diversity aspects are what make a successful and highly functioning work environment. Diverse workplace is critical because it embodies a compilation of all human ideas, cultures and backgrounds put into an inventive and forward thinking group of individuals. Managing individuals are looking for an A-team group type atmosphere that will be highly functioning with inventive ideas and able to apply all sorts of ideals garnered from there co-workers because of the diversity.

    Read More

  • How the Concept of Diversity Rises with Globalization

    1297 Words  | 3 Pages

    Fortunately, organizations are becoming more comfortable with diversity. It is typically seen in an organization to have a diverse workforce; different race and ethnicity, gender, the handicapped, gays and lesbians, elderly, and people who are significantly overweight. Even though they work together, each of them maintain their characteristic, lifestyles, and their distinct identity. It is necessary for managers today to have the knowledge to live with these diverse culture in the office. If diversity in an organisation is properly managed, it can make a company blossom very quickly because of all the raw and fresh ideas, different perspective, and an increase of innovation and creativity that could not possibly be achieved without such diversity.

    Read More

  • The Importance Of Workplace Diversity

    2260 Words  | 5 Pages

    Introduction of new technologies and increase in globalization has changed the trends in a typical workplace (Green et al. 2002). Globalization has made organizations to perform operations around the world. This creates a diversified customer base for these organizations and thus increases the importance of having a diversified workforce. This need of a diversified workplace is what must be satisfied by the organizations in order to reflect modern day diverse community (Prieto et al. 2009, p. 13). The need for diversity in the workplace has risen not only because of globalization, but also for organizations to compete with other organizations and to be successful. To face competitiveness an organization must have a unique, creative and flexible workforce where all will work as one in their maximum potential to lead the organization to success. A diverse workforce will be more creative, flexible and when diversity is well managed an environment for the people to work to their maximum potential is created. In the modern period of time where creativity and flexibility play the key role for success, diversity plays a crucial part (Green 2002). Diversity in workplace brings many advantages to its organization. When diversity is valued and well managed it brings out a comparative advantage to the organization. When diversity is

    Read More

  • The Benefits Of Workplace Diversity

    1383 Words  | 3 Pages

    First, the management may be able to apportion the right resources and efforts in hiring the best and most diversified employees. Different perceptions on diversity indicate that diversity not only has benefits to an organisation but also presents several challenges, especially to the management. The different perceptions on diversity imply that managers should focus on solving diversity-associated problems to create an integrated workplace (Klarsfeld, 2016). To establish constructive diversity at the workplace, managers should institute feasible diversity-friendly policies, vision and

    Read More

  • How Does Culture Affect Culture And Culture

    1731 Words  | 4 Pages

    innovation, growth, intervention). Positive business outcomes from increasing diversity may depend on whether the firm emphasizes an innovation strategy or values retention of top talent. Organizations that value diversity possess organizational flexibility due to the presence of diverse thinking, greater ability to draw and retain the best talent. Apart from affirmative action, a successful diversity strategy must create a work environment that cultivates teamwork, participation, and cohesiveness. These could only be possible with a pro-active approach, long-term commitment of leadership and resources. In general, diversity can be an asset or a liability depending on company’s strategy toward managing

    Read More

  • The Value of Workplace Diversity

    1053 Words  | 3 Pages

    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).

    Read More

  • Diversity in the Workplace

    1417 Words  | 3 Pages

    Managing workplace diversity well requires the creation of an wide-ranging environment that values and utilizes the contribution of people of different backgrounds, experiences and perspective. All organizations policies, practices and processes that impact on the lives of employees need to recognize the potential benefits that can be derived from having access to range of perspectives and to take account of these differences in managing the workplace. Work systems, organizational structures, performance appraisal measurements, recruitment and selection practices and career development opportunities all have impact on the organizational behavior upon the management of diversity.

    Read More

  • The Importance of Diversity in the Workplace

    761 Words  | 2 Pages

    Companies such as Buzztronics are leading the way in the global economy because of their dedication to diversity in the workplace. In order to build a diverse and successful workforce, a business needs to recruit, train, and retain capable and talented minorities.

    Read More

  • Gender Diversity in the Workplace

    1462 Words  | 3 Pages

    In a world that has grown increasingly smaller due to mass media, world travel, and readily available information, the workplace has grown increasingly diverse in both gender and cultural aspects. Individuals no longer live and work within the confines of their geographic locations. At almost any position with any company the individual employee is a part of a larger world economy that harvests assets from the ends of the earth. Because of this, companies seek to capitalize on diversity to become more creative and flexible in their business models.

    Read More

  • Diversity in the Workplace

    1429 Words  | 3 Pages

    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?

    Read More

More about The Value of Diversity in the Workplace

Open Document