Diversity Management.
Human
resource professionals need to handle global diversity well in order to
strategically turn it into an organizational benefit. Global diversity and
inclusion are positioned by a number of research studies in the field as
sources of competitive advantage that a business cannot ignore in the fiercely
competitive global market.
What Is Diversity Management?
Diversity
management is an organizational strategy within HR management that aims to
increase the inclusion of individuals from a range of backgrounds. By
implementing methods and policies that are sensitive to the social, cultural,
and ethnic diversity of its workforce, its overarching objective is to advance
equality and diversity in the workplace.
Types of Workforce Diversity
According to mbaknol.com
(2021), there are three types,
1. Gender Diversity: Women
have been moving steadily into occupations, professions and managerial jobs
previously reserved for men.
2. Age Diversity: Mature workers are competent, dependable, strong work ethics, punctual, committed to quality, lower absenteeism, less likely to change jobs, proven ability to take of business.
3. Cultural Diversity: The biggest driver for a higher level diversity strategy is the need to tap the creative, cultural and communicative skills of a variety of employees and to use those skills to improve company policies, products and customer experiences.
How Can Diversity Management Benefit Companies?
As per personio.com (2024) Here are some of the key benefits
when it comes to workplace diversity benefiting companies:
- Promoting an understanding of target groups from other cultures.
- Ensuring improvements in customer service.
- Driving innovative thinking in the company.
- Boosting research and development.
- Optimizing decision-making processes thanks to different perspectives.
- Establishing new business relationships and partnerships.
- Opening up new markets.
What can HR leaders do to succeed in diversity management?
hibob.com (2024) The first step to achieving a diverse workforce to hire people from diverse backgrounds. This means developing inclusive recruiting and hiring practices such as:
Conclusion
Diversity in the workplace is regarded by the majority of HRM practitioners and academics as the most obvious consequence of the numerous globalization-related phenomena. Because diversity is essential to ensuring that a company has a global perspective, even domestic organizations are not left out by this. References
Diverse and inclusive workplace earn deeper trust and more commitment from their employees
ReplyDeleteEven domestic organizations benefit from this since variety is necessary to guarantee that a business has a global viewpoint.
ReplyDeleteDiversity at workplace is critical in multicultural countries lime Sri Lanka. You have generally discussed the importance of diversity and if you could relate that to the Sri Lankan context that would have been perfect. Relevant topic to the country HRM!
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ReplyDeleteNicely done explaining the impact of diversity management in modern organizations. It's insightful how you linked diversity to enhanced innovation and broader market access.
Valuable topic. Diversity essential for global perspective, embraced by HRM practitioners and academics, impacting domestic organizations too.
ReplyDeleteI appreciate the practical advice provided in the post for developing and implementing effective diversity management strategies, such as promoting diversity and inclusion training, implementing unconscious bias awareness programs, establishing diversity metrics and accountability mechanisms, and fostering a supportive and inclusive work environment.
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