PEOPLE AND ORGANISATION:Principles and Practice in Global Contexts
Workplace Diversity in the New Normal
Covid -19 pandemic has urged us to rethink many priorities in the world
of work. One of them is the need to embrace diversity in the workplace. As a
result, many corporates around the world are looking at different ways of
inculcating work cultures receptive and open to workplace diversity.
What is Workplace Diversity?
Why embrace Workplace Diversity?
While some organizations like Google, Apple, Facebook and Microsoft are
considering the ethical branding value additions of this endeavor in addressing
the challenges presented by the new normal business environment, many other
companies have chosen workplace diversity as a direct way to maximize profit by
accessing cheaper labor markets and new untapped markets in different parts of
the world.
Benefits of Workplace Diversity
§ Employees with different
perspectives leading to better creativity
§ More approaches for problem-solving
through diversity of thinking
§ Maximizing profits by tapping
new markets
§ Reduced employee
turnover
The studies published by McKinsey’s research and Glassdoor have unveiled
that, businesses embracing workplace diversity outperform industry norms by 35%
while 67% of job seekers have preferred employers embracing and promoting
workplace diversity. According to a study conducted by Gartner, ethnically/culturally
diverse boards worldwide have been found to be 43% more likely to
experience higher profits even during the pandemic. Highly inclusive
organizations generate 2.3x more cash flow per employee, 1.4x more
revenue, and are 120% more capable of meeting financial targets.
Few ways to Adopt Workplace Diversity
The results expected
through the adoption of workplace diversity is best accomplished only by adhering
to the processes relevant to the respective organizations. However, few general
steps can be illustrated as follows.
Figure 01: Ways to adopt
workplace diversity
Conclusion
The post- Covid corporate
environment has been more challenging than ever to navigate with the
traditional approaches to workforce performance maximization. Hence it is vital
and essential to embrace and adopt new trends like workplace diversity to
create more welcoming and engaging environments at work in order to meet the
new and emerging challenges.
References
Gartner.J (2021). Human
Resources Leadership | Gartner. [online] Available at:
<https://www.gartner.com/en/human-resources/role/human-resources-leaders>
[Accessed 5 November 2021].
Hunt, V., Prince, S.,
Dixon-Fyle, S. and Yee, L., (2018). Delivering Through
Diversity. 1st ed. [ebook] Washington: McKinsey & Company, pp.1-35.
Available at: <https://www.mckinsey.com/~/media/McKinsey/Business%20Functions/Organization/Our%20Insights/Delivering%20through%20diversity/Delivering-through-diversity_full-report.ashx>
[Accessed 5 November 2021].
Koontz, H. and Weihrich, H. (1990). Essentials Of Management.
5th ed. New York: McGraw-HILL, pp.217–365.
A great blog article and its very informative including the statistics data from McKinsey and Glasdoor researches.
ReplyDeleteOne very good solution is remote work or WFH (Work From Home) which assist in sustaining the work diversity with a welcoming approach. This way along with work life balance it can help employees who struggled in the past as well.
“Diversity” is defined as acknowledging, understanding, accepting, and valuing differences among people with respect to age, class, race, ethnicity, gender, disabilities, etc. (Green, López, et al., 2002).That diversity brings color to the organisation and and makes the organization an easy place to work.Thanks for your valuable comment.
Deletethanks for share your blog, good one companies are thinking about how Workplace diversity is important because it helps companies to do better. Companies are starting to think about how they can improve their work cultures to be more diverse. This is so they can do better.
ReplyDeleteYes.Many companies around the world seek to recruit diverse people as a way to break free from the narrow mindedness of the past and move their organizations towards success.
DeleteWork place diversity has new concept to us which was start during Covid 19 Pendamic. You try to explain why need and what are the benifit can get from this. Thanks for your sharing.
ReplyDeleteThanks for your comment.The epidemic focused on reducing costs in organisations and recruiting law wage employees with diversity to overcome this problem.
Deleteinteresting post
ReplyDeleteNimesha , Yes the Covid has taught us how to manage work place diversity , Your conclusion is teh right approach
ReplyDeleteGood blog article. Work place diversity is very important to the organizations whom has high employee turnover.
ReplyDeleteGood article on work place diversity. Covid 19 has devastated work places like a hurricane. New normal is still a developing area. As work places, customer behaviours and economic conditions continue to change in response to Covid 19.
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ReplyDeleteWork place diversity is a new concept and new experience to us which start after this Covid 19 Pendamic. You post about timely topic ,Thanks for your sharing.
Starting with Covid-19 pandemic whole the business world has to face many of challenges. one of the most biggest challenge was workplace diversity. it really helps to reduce the employee turnover as well. Good explanation.
ReplyDeleteYou have simply defined what is Workplace diversity is. Also the effect of Covid 19 pandemic in work place. Good article.
ReplyDeleteNowadays after this covid 19 pandamic a main point for organisations are to embrace diversity in the workplace. Impressively explained.
ReplyDeleteDiversity in the work place is a serious topic. The companies have to maintain or balance their work place diversity. But at the same they should provide the opportunities to all the people without any barriers based of different variables.
ReplyDeleteThe blog shows that how does the work place diversity connected with new normal environment. Very useful at present.
Diversity creates more challenges for organisation you have defined it clearly thanks for sharing
ReplyDeleteA diverse workplace allows you to tap into multiple perspectives, ideas and languages, and can help you better communicate and engage with your clients. Celebrating differences in your diverse workplace and encouraging people to share their thoughts will create new opportunities that you may not have considered. you have selected a essential topic.
ReplyDeleteAccording to Sophia,(2021) Diversity and inclusion are inextricably linked. Employees are more likely to feel comfortable being themselves in a work setting where they see a representation of a diversity of cultures, backgrounds, and ways of thinking. As a result, employees are happier and more productive.
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