BENEFITS OF DIVERSITY IN WORKFORCE

A Diverse workforce and engaged workforce is fundamental to sustained business success in this era of global and connectivity.It is the platform for the productivity, innovation, and creativity in today's marketplace.

It can’t be overstated that diversifying your workplace brings real bottom-line value to your organisation.  you’ll fill vacancies and enjoy increased productivity and creativity with high-caliber candidates. You’ll have a wider pool from which to draw in the face of a shrinking workforce, and your hires will be more resistant to frequent turnover, more deeply engaged and focused. You’ll break down barriers, using the information and experience that your diverse hires bring. 

  A company that is prepared for changes in demographics is prepared for the market changes as well as the changes in the pool of applicants.  Having a diverse workplace creates an increase in attracting and retaining the most qualified candidates.  Diversity programs within corporations improve corporate culture, help in recruitment, and help foster better client relations. 

 Diversity in the workplace is thought to increase shareholder value.  Diverse knowledge and experiences can aid in generating profits.  Diversity is a concept that is seen as having the potential to understand the international market, represent different customer bases, contribute diverse operational skills and help with decision-making and diverse age and experience provide different perspectives.

References

Wagar, s. d. (2011). Canadian Human resource management A strategic wagar. canada: Mcgrawhill Ryerson.

Gadget. (2011). Benefits and problems of a diverse workforce. hubpages, 3.