Case Study: The benefits of diversity in the workplace: Diversity in the workplace means that a company has employees th
Posted: Fri Jul 01, 2022 9:10 am
Case Study:
The benefits of diversity in the workplace:
Diversity in the workplace means that a company has employeesthat vary by many different characteristics. Most often when peoplerefer to workplace diversity, they’re referring to a workplacethat’s balanced by race and gender. But diversity in the workplacecan exist across many different variables, including age, religion,cultural background, and language, physical. A truly diverseworkplace features a distribution of people that reflects greatersociety. This indicates that the company doesn’t present anybarriers to entry for individuals of any particular background. Forexample, a diverse company should have a relatively equal genderbalance at both the staff and leadership level. Any worthwhiledefinition of workplace diversity also includes the notion ofinclusion. Whereas diversity is more of an objective measure of howdifferent employees are from one another, inclusion is aboutwhether employees truly feel like they are accepted, their voicesmatter, and that they belong. So it’s not enough just to bediverse. A company must also be inclusive. What makes diversity andinclusion so important? Many companies recognise the value ofdiversity in the workplace. There are eleven compelling reasonsthat explain why companies are making workplace diversity apriority. Diverse organisations are more innovative and creative -Workplace diversity sparks innovation and creativity. Diverseorganisations solve problems faster - Because diverse companies aremore innovative and creative, they also solve problems faster.Diverse organisations make better decisions and are more adaptable- Not only do diverse teams make decisions quicker, they also makebetter decisions. Diverse teams are more productive and performbetter - While working within a homogeneous team of similar peoplemay seem easier on the surface, there’s a wealth of research thatshows that diverse teams are actually more productive. Diversecompanies are seen as better employers - Working at an inclusiveorganisation is a growing priority for job seekers. Diversecompanies have higher employee engagement - Employee engagement isa major goal of most HR teams. Diverse workforces see reducedturnover - It’s simple: diversity and inclusion lead to engagement,and engaged employees stay longer. Diverse companies can betterserve their diverse customer base - A team with a variety ofbackgrounds is more likely to understand or uncover the challengesthat their diverse customers may have. Diverse companies havebetter reputations - Companies that make diversity and inclusion aspart of their mission are seen as desirable, socially responsibleorganisations— leading to a better reputation with customers andinvestors. Diverse workforces and leadership teams earn more profit- All of the above factors lead to more profitable businesses.Diverse companies make the world a better place - Simply put,fostering a culture of diversity and inclusion sets an example forthe world to follow. It’s not just good for business; it’s theright thing to do. Having a truly inclusive workplace is notpossible unless a diversity and inclusion program is implementedwith buy-in from top-to-bottom in the organisation. Some quick tipson how to do this is to create inclusive company policies,celebrate individual differences, proactively hire for diversity,audit job posts for inclusive language and finally, hireobjectively without bias.
QUESTION 1 (25 Marks)
You work in a monolithic organisation. As the general manager,make a presentation to the board of the organisation as to why theorganisation should have a diverse workforce. Draw from the extractand from your knowledge of workplace diversity. Your presentationshould include reasons for and benefits of having a diverseworkforce
Please assist as per marks allocation!!!
The benefits of diversity in the workplace:
Diversity in the workplace means that a company has employeesthat vary by many different characteristics. Most often when peoplerefer to workplace diversity, they’re referring to a workplacethat’s balanced by race and gender. But diversity in the workplacecan exist across many different variables, including age, religion,cultural background, and language, physical. A truly diverseworkplace features a distribution of people that reflects greatersociety. This indicates that the company doesn’t present anybarriers to entry for individuals of any particular background. Forexample, a diverse company should have a relatively equal genderbalance at both the staff and leadership level. Any worthwhiledefinition of workplace diversity also includes the notion ofinclusion. Whereas diversity is more of an objective measure of howdifferent employees are from one another, inclusion is aboutwhether employees truly feel like they are accepted, their voicesmatter, and that they belong. So it’s not enough just to bediverse. A company must also be inclusive. What makes diversity andinclusion so important? Many companies recognise the value ofdiversity in the workplace. There are eleven compelling reasonsthat explain why companies are making workplace diversity apriority. Diverse organisations are more innovative and creative -Workplace diversity sparks innovation and creativity. Diverseorganisations solve problems faster - Because diverse companies aremore innovative and creative, they also solve problems faster.Diverse organisations make better decisions and are more adaptable- Not only do diverse teams make decisions quicker, they also makebetter decisions. Diverse teams are more productive and performbetter - While working within a homogeneous team of similar peoplemay seem easier on the surface, there’s a wealth of research thatshows that diverse teams are actually more productive. Diversecompanies are seen as better employers - Working at an inclusiveorganisation is a growing priority for job seekers. Diversecompanies have higher employee engagement - Employee engagement isa major goal of most HR teams. Diverse workforces see reducedturnover - It’s simple: diversity and inclusion lead to engagement,and engaged employees stay longer. Diverse companies can betterserve their diverse customer base - A team with a variety ofbackgrounds is more likely to understand or uncover the challengesthat their diverse customers may have. Diverse companies havebetter reputations - Companies that make diversity and inclusion aspart of their mission are seen as desirable, socially responsibleorganisations— leading to a better reputation with customers andinvestors. Diverse workforces and leadership teams earn more profit- All of the above factors lead to more profitable businesses.Diverse companies make the world a better place - Simply put,fostering a culture of diversity and inclusion sets an example forthe world to follow. It’s not just good for business; it’s theright thing to do. Having a truly inclusive workplace is notpossible unless a diversity and inclusion program is implementedwith buy-in from top-to-bottom in the organisation. Some quick tipson how to do this is to create inclusive company policies,celebrate individual differences, proactively hire for diversity,audit job posts for inclusive language and finally, hireobjectively without bias.
QUESTION 1 (25 Marks)
You work in a monolithic organisation. As the general manager,make a presentation to the board of the organisation as to why theorganisation should have a diverse workforce. Draw from the extractand from your knowledge of workplace diversity. Your presentationshould include reasons for and benefits of having a diverseworkforce
Please assist as per marks allocation!!!