The current economy is based and founded on globalization, therefore accomplishing diversity within an organization is a great move in achieving the goals and success of that organization. In general, though, diversity refers to the variety of differences that exist between people. This includes things like race, ethnicity, gender, age, sexual orientation, and religious beliefs. Therefore, Harjoto, Laksmana and Lee (2015) explain that workplace diversity places organizations in the global markets and this becomes a necessity for business, hence organizations should prove their commitment to embracing change and differences. Therefore, this assignment will evaluate the importance of diversity within a corporate environment.
A diverse corporate environment is important because it can lead to increased creativity and innovation. A study by the University of Michigan found that diversity is key to creativity because it allows people to come up with new ideas by drawing on a variety of experiences and perspectives (Foma, 2014). In a diverse corporate environment, employees are more likely to share different viewpoints and come up with new ideas that can help the company grow and succeed. Besides, a diverse corporate environment can also help employees learn new things and develop new skills. By working with people from different backgrounds, employees can gain a better understanding of different cultures and customs. They can also learn new skills, such as how to work with people from different countries and how to communicate effectively with people from different cultures. Employees who work with people from different cultures can also gain new insights into their own culture. This can help them to better understand their own culture and appreciate it more.
Diversity reduces high employees’ turnover. There are many reasons why diversity can lead to a reduction in employee turnover. Groschl and Gröschl (2011) expound that when employees feel that their organization is diverse and inclusive, they are more likely to feel a sense of belonging. This can lead to a lower turnover rate, as employees are more likely to feel valued and appreciated in an organization that celebrates diversity. In addition, when employees feel that they can be themselves at work, they are less likely to want to leave their job. Diversity provides employees with a sense of belonging and allows them to be themselves, which can lead to a lower turnover rate. Some ways that an organization can celebrate diversity include having diversity training, having employee resource groups, and celebrating different cultures and religions. Diversity training helps employees learn about different cultures and religions and how to interact with people from different backgrounds. Employee resource groups give employees the opportunity to connect with others who share their background or identity (Hughes, 2012). This can help employees feel more connected to the organization and more comfortable being themselves at work. Celebrating different cultures and religions allows employees to learn more about the cultures and religions of their coworkers and to see the similarities and differences that exist. This can help employees feel more connected to the organization and more comfortable being themselves at work. When organizations celebrate different cultures and religions, employees are more likely to feel that their beliefs and customs are respected and valued by the organization. This can help employees feel more connected to the organization and more comfortable being themselves at work. Additionally, employees who celebrate different cultures and religions may feel more comfortable sharing their beliefs and customs with their coworkers, which can help coworkers learn more about the cultures and religions of their coworkers (Croitoru et al., 2022). There are some potential drawbacks to celebrating different cultures and religions in the workplace. For example, if the organization does not celebrate all cultures and religions equally, employees may feel that their culture or religion is not respected or valued by the organization. Additionally, if the celebration of different cultures and religions is not done in a respectful and inclusive manner, it may create tension or conflict among employees.
Diversity helps in connecting a wide range of customers. Many customers feel more comfortable doing business with organizations that value and celebrate diversity. When employees feel that their culture or religion is respected and valued, they are more likely to be engaged and provide excellent customer service (Croitoru et al., 2022). There can be some conflict among employees when it comes to diversity. Employees may feel that their culture or religion is not respected or valued. This can lead to a decrease in employee engagement and affect customer service. Customer service is one of the most important aspects of a business. When employees are engaged, they are more likely to provide excellent customer service. There can be some conflict among employees when it comes to diversity. Employees may feel that their culture or religion is not respected or valued. This can lead to a decrease in employee engagement and affect customer service. Employees who feel they are not a part of the organization or do not feel their culture is respected may feel less engaged in their work. They may also feel less connected to customers and be less likely to provide excellent customer service. Organizations need to create an environment where employees feel valued and respected. This will help reduce any conflict and increase employee engagement. One way is to provide regular feedback to employees. This can help employees feel appreciated and know how they are doing. Organizations can also celebrate employee achievements. This can help employees feel appreciated and recognized for their work (Croitoru et al., 2022). Organizations can also provide opportunities for employees to learn and grow. This can help employees feel valued and challenged in their work. Organizations should also create an open and honest culture. This can help employees feel respected and able to share their thoughts and ideas.
From the above analysis, diversity is a significant aspect of any organization that is successful and wants to operate in the global markets. Increasing diversity and innovation is one of the importance of diversity in a corporate environment. Since diversity is key to creativity because it allows people to come up with new ideas by drawing on a variety of experiences and perspectives. Secondly, it reduces high employee turnover. This is brought about when employees feel that their organization is diverse and inclusive, they are more likely to feel a sense of belonging. Lastly, it helps in connecting a wide range of customers which has a major impact to the growth and success of the organization.
Croitoru, G., Florea, N.V., Ionescu, C.A., Robescu, V.O., Paschia, L., Uzlau, M.C. and Manea, M.D., 2022. Diversity in the Workplace for Sustainable Company Development. Sustainability, 14(11), p.6728.
Foma, E., 2014. Impact of workplace diversity. Review of Integrative Business and Economics Research, 3(1), p.382.
Groschl, S. and Gröschl, S. eds., 2011. Diversity in the workplace: Multi-disciplinary and international perspectives. Gower Publishing, Ltd.
Harjoto, M., Laksmana, I. and Lee, R., 2015. Board diversity and corporate social responsibility. Journal of business ethics, 132(4), pp.641-660.
Hughes, L.W., 2012. Diversity in the Workplace: Multi‐Disciplinary and International Perspectives. Leadership & Organization Development Journal.