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When your employees are sharing their personal experiences when they were in high school or what each or every festive season meant to them, they have built a trusting relationship among their colleagues.This is great because it increases employee engagement and at times increase employee motivation as well, which is great for the company.Having a wider range of skills and knowledge available to them, these companies often enjoy a more diverse and adaptable range of products and services that they can offer to their respective markets.
Companies who recruit and encourage individuals from a wide range of backgrounds generally gain a reputation for being a good employer.
Potential clients often feel more valued and thus give more business to these organisations.
When companies recruit from a diverse set of potential employees, they are more likely to hire the best of the best for the industry.
In a constantly increasingly competitive economy where skills and talents are crucial to improving the company, put together the most diverse set of candidates is increasingly necessary to succeed in the market.
Companies need to focus on diversity and look for ways to become totally inclusive organizations because diversity has the potential of yielding greater productivity and competitive advantages (SHRM, 1995). Butler, co-chair of the Business-Higher Education Forum, believes that diversity is an invaluable competitive asset that America cannot afford to ignore (Robinson, 2002)... Butler, co-chair of the Business-Higher Education Forum, believes that diversity is an invaluable competitive asset that America cannot afford to ignore (Robinson, 2002).
Managing and valuing diversity is a key component of effective people management, which can improve workplace productivity (Black Enterprise, 2001)...By enjoying a more culturally diverse workforce, it is often found that employees then spend more time in their daily lives with people from cultural backgrounds that they are often never exposed to.The end result of this is that employees learn new cultural insights and this in turn, reduces negative emotions such as racism, homophobia, sexism and the like.Before we dive in to the main benefits though, what exactly do we mean when we say diversity?Cultural diversity in the workplace is when companies are open to hiring employees from all sorts of different backgrounds; regardless of race, religion and culture.When companies recruit and retain a diverse pool of people, it brings about different benefits to the company as well as its employees.Think of the human race as a whole; we are a very diverse species across the globe, with many different cultures, languages and beliefs.Remember that a diverse workplace combines employees from different backgrounds, ethnicity and experiences, and together breed a more productive environment.Another benefit of cultural diversity in the workplace is the increase in creativity among teams, and the ability to have a more diverse set of solutions to specific problems.Studies also show that job seekers are often drawn to companies with diverse workforces because it is publicly obvious that these companies do not practice employment discrimination.Another benefit of cultural diversity in the workplace is the positive reputation that the company would receive.