Workforce diversity and organisational excellence, Business Management

Assignment Help:

In today's fast-paced work environment a successful organisation is one where diversity is the norm and not the exception. It is the approach to diversity, not the diversity itself which determines the actual positive and negative outcomes (Henry and Evans, 2007). Emerging literature suggests that culturally diverse organisations outperform their more homogeneous counterparts (Cox 1994; Dreachslin 1996; Richard 2000). According to one study, culturally diverse groups relative to homogeneous groups are more effective both in the interaction process and job performance; these benefits occur after a diverse group has been together for a period of time (Watson et al., 1993). In a survey conducted by the Society for Human Resource Management (SHRM) in 2001 it is found that human resource professionals from Fortune 1000 companies believed diversity initiatives benefit  a companies' bottom line. In  terms of the impact diversity
initiatives have on issues related to the bottom line, professionals believed the top five positive impacts were: improving corporate culture, helping recruit new employees, improving relationships with clients, higher retention rates, and decreasing complaints and legal action. In  the SHRM study, 91 percent of the respondents believed diversity initiatives assist the organisation in keeping a competitive advantage through improving employee morale and corporate culture (McCuiston and Wooldridge, 2004).


Related Discussions:- Workforce diversity and organisational excellence

Explain the components of the specific business environment, Question: ...

Question: (a) Frederick Taylor observed that workers worked below their optimum level (soldiering). He thus devised systematic methods based on a set of principles. These princ

Tax differential theory, Tax differential theory: a method of valuing share...

Tax differential theory: a method of valuing shares with constant growth to DI/P0 Xg An investor is faced with 2 investment choices: First choice of shares with market price(po)=Rp

Short-term financing, Discuss the three approaches to short-term financing ...

Discuss the three approaches to short-term financing with relevant examples

Benefits, inportant banafits of business communission

inportant banafits of business communission

Problem based on the business of education, Normal 0 false fa...

Normal 0 false false false EN-US X-NONE X-NONE

Discuss the non-verbal behaviour, Question 1: Consider that you have be...

Question 1: Consider that you have been hired by a foreign company based overseas. In this context, a) explain the difficulties that you might encounter while communicatin

Financing to bankrupt corporations, Suppose you gave a party and 60 minutes...

Suppose you gave a party and 60 minutes showed up at the door. Would you let them in? Would you evict them? Would you commit hara-kiri? Those were the choices that confronted th

Business plan and ratio analysis, MK Robe-Stones (MK-R-S) is a large manufa...

MK Robe-Stones (MK-R-S) is a large manufacturing firm which was set up as a Limited company 6 years ago, in 2009, by a family organisation. The firm was originally started as a bus

Importance of materials handling, Importance of Materials Handling It...

Importance of Materials Handling It is hard to  realized how  important are material handling in the  cost  of operation because it is  something  that is  quite  common  to

Leadership, Could empowerment lead to powerless leaders, why or why not?

Could empowerment lead to powerless leaders, why or why not?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd