The benefits of diversity in the workplace

Apart from differences in race and gender, workplace diversity includes many other forms like age, ethnicity, physical attributes, educational background, sexual orientation, geographical location, income, marital status, parental status, spiritual practice, work experience, job classification and many more. When people with diverse backgrounds work as a team, the company progresses and grows at rapid rates.

The benefits of diversity in the workplace

Home Miscellaneous Benefits Of Cultural diversity Benefits Of Cultural diversityC Kapoor4 Comments Benefits Of Cultural diversity The concept of cultural diversity has a very wide scope and is being practiced by people and organizations all over the world.

Broadly this idea includes hiring people of diverse races, different religions and promoting the entry of working staff from different countries.

The benefits of diversity in the workplace

Although the practice of this concept has gained momentum in the past few years, but its existence is quite old and cultural diversity continues to live all around us.

It exists in different communities and households, from small suburbs to big cities and that too all through the world. Diversity is an element of the society and has now become an important part of businesses as well.

The many benefits of cultural diversity include: When an organization has a group of employees belonging to diverse cultures, it demonstrates that the organization recognizes and celebrates and commemorates the diversity that exists in people of different backgrounds.

It makes the people of the organization think that their value and worthy contributions are being realized by the organization and the management.

Diversity initiatives expand the talent pool.

Improves productivity and profitability. Apart from these humanistic values, cultural diversity also brings some tangible benefits to the businesses all over the world. Active persuasion of diversity at the workplace directly impacts productivity and profitability of the organization as well as the employees.

There is an enhancement of productivity of the workers and profitability for the organization.

Benefits Of Diversity in the workplace – Benefits Of

Helps to create a pool of talent. When any organization invests in diversity, it results in the creation of a bigger pool of talent. This is a win-win situation for both the employees and the organization. Such a pool of talent provides the organization with a competitive edge, which help it to progress in a huge and competitive environment.

Advantages and Disadvantages of Diversity in Workplace |

Exchange of innovative ideas. When an organization comprises of people with diverse backgrounds, cultures and experiences, new creative and innovative ideas prop up in the minds of different people.

It is natural that people with varying experiences and perspectives in life would be able to generate unique ideas and solutions to problems. This is of immense value to both the organization and employees.

Such dynamic exchanges that take place between people having different perceptions yield creative results. Such a situation is never created in groups of people who think similarly and belong to similar cultures. Other benefits of diversity.

Many studies related to organizational behavior conclude that promoting cultural diversity reduces absenteeism rates, lower employee turnover, reduce the costs associated with hiring new employees and reduce legal responsibility in discrimination lawsuits. In this world of competition, where cultural diversity has so many benefits, it deserves a place in all organizations.

This will not only bring profits for the organization but will lead to the development of competencies among all employees.Cultural diversity in the workplace occurs when a company hires employees from a variety of backgrounds, race, gender, age, or religion.

A diverse working culture benefits companies in countless ways. Embracing cultural diversity in the workplace is an important first step for businesses that want to be competitive on an international scale. From the Virgin Group to Disney and PricewaterhouseCoopers, organizations across industries are embracing the benefits of a diverse workforce.

Jun 30,  · Management needs to buy in and educate employees across the board if workplace diversity is to have its first measure of success. Disadvantage: Short-Term Cost Outlay.

Benefit: Diverse cultural perspectives can inspire creativity and drive innovation

Workplace Diversity and Inclusion Strategy –19 3 Message from our Secretary I am pleased to present our Workplace Diversity and Inclusion Strategy and.

Diversity in the workplace is more essential now than it’s ever been. If you’re wondering what that means and why it’s the case, we’re here to help shed some light on where things stand today, where we feel they’re headed in the future, and why there’s never been a better time to upgrade.

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4 Business Benefits of Diversity in the Workplace - Brazen