An Assessment of Diversity Management and its impact on Organizational Growth
Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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In an article titled “Contemporary Human Resource Management” by Redman, T. and Wilkinson, A. (2001), diversity in an organization is an organized and strategic plan to employ and maintain workers from various socio-demographic backgrounds. Based on the the definition, diversity management in an organization involves strategic planning which ensures a good working environment for employees from various backgrounds.
Managing diversity in an organization is considered one of the most issues that an organization is faced with but once appropriately managed it is really rewarding in a positive manner. Diversity in the workplace is in many forms such as educational background, lifestyle, ethnicity, age, disability, and gender to mention but a few. This assignment will provide an analysis of how diversity can positively impact organizations and its impact on organizational performance.
The questions paid attention to in this paper are; what is the impact of diversity of management on the organization? How does workplace diversity management influence on Organizational effectiveness? How does diversity in the organization improve organizational performance?
Diversity management is currently an important subject matter in an organization which results from the rapid economic growth which requires that organizations become more and more diversified mainly in multi-ethnic countries.
Currently, organizations are faced with the challenge of recruiting and training workers who are to be more cognizant and knowledgeable in the ongoing diversified workforces if they are to operate and survive in a dynamic multi-ethnic workforce environment. Diversity management is intended to foster and maintain a workplace environment by promoting the recognition of individual differences such as race, gender, age, background, and sexual orientation among so many others among employees.
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An assessment of diversity management and its impact on organizational growth a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand the general meaning of diversity management and its roles in an organization
- Understand the impact of diversity management on an organization’s growth
- Apply the concept of diversity management to real life organizations
1.0 INTRODUCTION
Diversity management refers to an organizational effort that promotes a greater inclusion and recognition of employees with individual differences such as race, gender, age, background, and sexual orientation into an organization’s structure through implementing specific policies and programs. It is a strategy that is used for creating a diverse organization that takes steps to attract people from different backgrounds and enforce inclusive policies. In addition, diversity management can also be defined as the voluntary organizational actions intended to create inclusion of employees from various backgrounds into the recognized and informal organizational structures (Harvey & Allard, Citation2012).
This assignment is going to provide an analysis of Diversity and its Impact on Organizational Performance. The questions to be answered in this assignment are; what is the impact of diversity of management on the organization? How does workplace diversity management influence Organizational effectiveness? How does diversity in the organization improve organizational performance?
Diversity management is a system for managing and valuing diversity in the workplace. This strategy involves coming up with rules, practices, and procedures that aim at promoting diversity and inclusion in the workplace, as well as providing training and education to employees on the issues of diversity in an organization.
Once diversity management is handled effectively, it increases employee satisfaction and boosts organizational performance among so many other benefits. A diversified work environment brings about increased productivity, creates competition, and increases organizational value. Diversity in a workplace can improve organizational effectiveness by facilitating unique and creative approaches to problem-solving, leading to better organizational performance.
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