Importance Of Diversity Management Essay

2249 words - 9 pages

“Rapid internationalization and globalization has enhanced the significance of workforce diversity”. (Shen, 2009) There is now a growing need for diversity management and interlacing cultural differences into the company’s core values. Within the last couple of decades human resource management has tied in diversity management with compliance to the EEOC and affirmative action. Going forward into the future, companies need to start looking at diversity in the workplace as an individual focus to utilize. “Less attention has been paid to valuing, developing and making use of diversity”. (Shen, 2009) The marketplace is changing rapidly, for a company to be successful the demographics in the work setting must be similar. “Diversity management does not only recognize but also values and harnesses workforce differences, such as individual characteristics, backgrounds, orientations, and religious beliefs, so that individual talents are being fully utilized and organizational goals are met”. (Shen, 2009)
Not only are there benefits for external stakeholders to see a company’s diversity management successful, internally having different viewpoints and cultural backgrounds help bring new perspectives to problem solving. A study found that “a diverse workforce has a better quality solution to brainstorming tasks, displays more cooperative behavior relative to homogenous groups, and can raise organizational efficiency, effectiveness and profitability.” (Shen, 2009) Human resources’ role in diversity management is finding a way to implement a strategy to incorporate diversity into a corporation’s day-to-day activity. “Both HRM and diversity management are concerned with individual differences the development and well being of each and every individual”. (Shen, 2009) HR has the job of being the employee’s voice. If a minority group is feeling underrepresented their productivity slows and the company morale diminishes. The only way diversity can enhance a company’s strategic goals is with successful management incorporating cultural differences into daily tasks and situations. Human resources managers would care about diversity because their job is to manage human talent.
The financial portion of the company would see the benefits of a multicultural workforce through the bottom line. “When managed properly, the resource of diversity can improve organizational performance on the traditional goals of revenue growth, profitability and maximization of resource utilization.” (Sing, Winkel, Selvarajan, 2013) In the past diversity was unwelcomed, eventually it grew to be tolerated and now it is being realized as a business asset. It no longer is about compliance it is about incorporation. “It appears the melting pot mentality with emphasis on a homogenized workforce is giving away to a more multicultural perspective in which diversity is not only respected but desired.” (Cole and Manjula, 2013)
Equality in business wasn’t always a standard practice,...

Find Another Essay On Importance of Diversity Management

Diversity and Diversity Management in the Age of Globalization

7894 words - 32 pages the importance of top management support, recognizing that the lack of formal or informal support from top management would undermine diversity initiatives. Other organizational level ideas emerged as well, such as the importance of integrating diversity efforts into the mission, values, and strategy of an organization. Still others recommended conceptualizing diversity management as characteristic of a "learning organization." Learning

Elements of Successful Organizational Diversity Management

2134 words - 9 pages Elements of Successful Organizational Diversity Management Why is organizational diversity important? Historically, diversity in the workplace has been recognized as an employment equity issue. Now, however, diversity in the workplace is being recognized as a benefit that will contribute to an organization's bottom line. Increased employee and customer satisfaction end up as increased productivity, all of which are measurable outcomes (Goff

The Importance of Conflict Management

2731 words - 11 pages The Importance of Conflict Management But we cannot avoid conflict, conflict with society, other individuals and with oneself. Conflicts may be sources of defeat, lost life and a limitation of our potentiality, but they may also lead to a greater depth of living and the birth of more far-reaching unites, which flourish in the tensions that engender them. -Karl Jaspers The amount of entropy in corporate America has increased

Strategic Importance of Knowledge Management

6328 words - 25 pages Strategic Importance of Knowledge Management Today the world has more and more of free flow of information leading to transfer of knowledge from a person or an organization to others. Whereas this invariably leads to faster development, it also impacts the competitive advantage held by the innovators of processes or technology. It has therefore become strategically important for one and all in business to understand the knowledge, processes


3668 words - 15 pages . Therefore it is prudent for us to look towards the scholars in the field of business and human psychology to develop an understanding of what work force diversity means and how to best utilize this asset. To this end in this paper I have sketched out the evolution of ideas, and practice with regard to diversity management.2.0Introduction: The importance of recognizing how our differences are different has become even more important these days because

The Importance of Ecosystem Management and Protection.

1525 words - 6 pages with their large biodiversity of fish species are under threat from development and are shrinking rapidly. Preservation of ecosystems is important as an insurance to keep the Earth suitable for human occupancy and is more valuable as a long term investment.The utility value of an ecosystem is a particularly important factor regarding the importance of management and protection. Ecosystems prevent accumulation of waste, they help clean water and

The Importance of Control in Quality Management

1413 words - 6 pages 1IMPORTANCE OF CONTROL IN QUALITY MANAGEMENTImportance of Control in Quality ManagementTanner DewaldTexas A&M University- Central TexasAbstractMy research contains the importance of a quality management system (QMS), the elements that make up a QMS, why controlling skills are important to the QMS, ways control can be used in management, and common ways of how control is lost in your department. Sources were found in textbooks, periodicals

The Strategic Importance of Supply Chain Management

2046 words - 8 pages 420122139420122139SYNOPSISThis report illustrates the concept of logistics and supply chain management and how supply chain management is gaining more importance in the competitive environment. The first section of the report briefly explains the development of the concept of supply chain management. The second section highlights the main reasons for the importance of supply chain management in aspects of historical reasons, cost concern

The Importance of Meeting in Management Level

2228 words - 9 pages In the government organization, meeting being done regularly and rigours especially meeting that involve policies and big impact in the government agencies. These meeting are often lead by leader of the top management level. One of the main objective of the government is to manage the country resources. In doing so, many policies has been derive to meet the agenda. With the agenda is being lay-up, the agencies will have to deliver it to make

Importance of Social Capital to Disaster Management

1840 words - 7 pages each other and interacted on a daily basis, were more successful at protecting their residents against the risk of death. By analysing the disparities in the rate of moralities during the Chicago heat wave highlights the importance of social capital to disaster management.

Importance of Strategic Planning and Management in the Business Environment

904 words - 4 pages Strategic Planning and Management PAGE \* MERGEFORMAT 1 Importance of Strategic Planning and Management in the Business EnvironmentnameBUS/475: Integrated Business TopicsDecember 2009instructorImportance of Strategic Planning and Management in the Business EnvironmentThe decision to embark on a new business venture can be daunting. The fear of lost time, money, and resources on a failed venture will deter many individuals from pursuing a dream

Similar Essays

The Importance Of Cultural Diversity Within Organizations

2167 words - 9 pages organization will lead them to the global success that all organizations achieve to obtain. Within the companies mission statement they emphasize on the importance of diversity: “…diversity is the uniqueness that each of our employees brings to P&G. This includes the richness of differences in nationality, cultural heritage, religion, sexual orientation, disability, personal background, functional expertise, and styles of management. Very simply, we

The Importance Of Diversity In The Workplace

796 words - 3 pages afford more prestigious educations. International businesses are also finding new ways of increasing diversity abroad. Instead of using expatriate employees as management, they are starting to hire locals. Companies that operate abroad are realizing that using expatriate employees is not a permanent solution. They are often expensive, and are not capable of translating their skills into the new environment. In a company that operates globally, it

The Importance Of Diversity In Society

1316 words - 5 pages Difference defines our world. Race, gender, and sexuality are everywhere. They bounce recklessly back and forth in the American consciousness, creating a fog of confusion in which we all get lost. In an ideal world, difference would not matter. Yet our world is far from ideal, and so we must confront difference, regardless of how painful and complex this confrontation can be. Difference is difficult, and is often used to oppress and exploit. It

College Application Essay Highlighting The Importance Of Diversity

619 words - 2 pages Italy, Nigeria to Poland, and from Mexico to Haiti. McNair Academic High School prides itself not only on its excellent academic achievement, but also on its racially and ethically diverse student population. Students are granted acceptance into the school not only based on their academic ability, but also on their racial background. The rich diversity in my high school has instigated the creation of several cultural groups including, Culture Club