Economy Facts of Diversity in Workplace

1: A diverse workforce drives economic growth. Our nation's human capital substantially grows as more women, racial and ethnic minorities, and gay and transgender individuals enter the workforce.

2: A diverse workforce can capture a greater share of the consumer market. By bringing together individuals from different backgrounds and experiences, businesses can more effectively market to consumers from different racial and ethnic backgrounds, women, and consumers who are gay or transgender. It is no surprise, then, that studies show diversifying the workplace helps business increase their market share.

3: Recruitment from a diverse pool of candidates means a more qualified workforce. When companies recruit from a diverse set of potential employees, they are more likely to hire the best and the brightest in the labor market. In an increasingly competitive economy where talent is crucial to improving the bottom line, pooling from the largest and most diverse set of candidates is increasingly necessary to succeed in the market.

4: A diverse and inclusive workforce helps businesses avoid employee turnover costs. Businesses that fail to foster inclusive workplaces see higher turnover rates than businesses that value a diverse workforce because they foster a hostile work environment that forces employees to leave. The failure to retain qualified employees results in avoidable turnover-related costs at the expense of a company's profits. Having a diverse and discrimination-free work environment helps businesses avoid these costs.

Kerby, Sophia. "The Top 10 Economic Facts of Diversity in the Workplace | Center for American Progress." Center for American Progress. N.p., n.d. Web. 5 July 2013. <http://www.americanprogress.org/issues/labor/news/2012/07/12/11900/the-top-10-economic-facts-of-diversity-in-the-workplace/>.

Step 3- Community Outreach

Community outreach or partnerships is a great way for your company to show commitment to managing a diverse workforce. It is also a team building exercise that can unite colleagues in an effort to make the community a better place.

Step 4- Flexible Holidays

Holiday observances can vary from culture to culture. To ensure that every employee can observe the holidays that they wish, flexible holidays could be offered. For example-employees could swap December holidays with the holidays that are more in line with their culture. If this is not possible, due to business cycles, your holidays policies could be reviewed and revised to allow some flexibility during times of religious celebration.

Step 5- Open Door Policy

The open door policy has been used successfully by many of the biggest companies in the world. Originally stemming from the idea that managers keep their doors open to encourage other staff members to come in, it is now a wide spread communication strategy that can be used to enhance your diversity strategy. The implementation of the open door policy is fairly simple in new companies but can be difficult in established ones. It takes a shift in company culture to successfully implement this policy. In companies where 'doors' have been shut for a long time, encouraging senior and non-senior staff  to open up lines of communication will take a great deal of time and trust.

http://torontotranslators.com/blog/7-steps-toward-managing-a-diverse-workforce-a-series-of-workplace-diversity-articles-part-2/

Steps toward Managing a Diverse Workforce

Step 1: Start a Diversity Committee

A diversity committee is a great way to gain insight into the diversity issues faced by you and your co-workers and is the first step toward better managing a diverse workforce . Everyone should feel welcome to attend the first diversity committee meeting. After the initial meeting, short interviews should take place to determine interest and dedication to the goals of the committee. The committee members will be chosen according to these factors, along with company demographics to make sure every group is represented. 

Step 2: Mentoring

Mentoring is about helping empower all employees. It builds self-confidence, a solid support system , and encourages all employees to make use of their abilities. Although it can be time consuming. From an employee standpoint, it can help traditionally underrepresented groups move up in the company by giving them an opportunity to learn from more senior members, build the confidence to go after promotions, and help them become part of the conversation about diversity issues. From an organizational standpoint, it helps make sure every employee is able to use their talents to help fulfill the missions of the organization.

year, this time next, we will have all employee manuals translated into French, Spanish, and Tamil.. "7 Steps Toward Managing a Diverse Workforce: A series of diversity in the workplace articles » Toronto Translators." Toronto Translators| Toronto's Premier Interpreting and Translations Company Blog. N.p., n.d. Web. 5 July 2013. <http://torontotranslators.com/blog/7-steps-toward-managing-a-diverse-workforce-a-series-of-diversity-in-the-workplace-articles/>.

Strategies and Processes to support a diverse workforce

EXEMPLERY DIVERSITY PROGRAMMS

Conducting reseach on exemplary diversity programs is a simple process. The U.S department of labor, office of federal contarct compliance programs publishes a list of employers recognized for their diversity programs. In addition, magazines such as "Fortune" "Inc" "Fast Company" and enterprenuer periodically lsit companies recognised as the best employers for women, minorities, and individulas with disablities. Articles that describe some of the most effective diversilty programs and policies can stir creativitty in the development of your own policies and procedures.

Change of Laws

Charges to federal, state and local laws governing emploment practises may apply to private or public sector employment. Some private employers implement policies that mirror those in the public sector. When you learn about changes to the law that affect employment, determine if those changes affect employment in the public sector, private sector or both. In march 2010 houston mayor annuise parker enacted executive orders prohibiting discrimination based on gender, gender expression and sexual orientation in city government employment. Some private sector employers will consider including aspects of city of houston laws in updating policies that address discrimination based on gender and sex. A private sector employer that wants to model a diversity policy similar to laws that apply to city of houston employees may consider revising its corporate statement on equal employment health care bebnefits of its employees domestic partners.


Media, Demand. "Policies and Procedures to Support a Diverse Workforce | Chron.com." Small Business - Chron.com. N.p., n.d. Web. 5 July 2013. <http://smallbusiness.chron.com/policies-procedures-support-diverse-workforce-4930.html>.

What is diversity ?

Diversity is defined as all the characterstics and experience that defines each of us individually. A diverse workplace aims to create an inclusive culture that values and uses the talent of all its employees.


ENCOURAGING EMPLOYERS TO CREATE DIVERSITY

There are many benefits of creating diversity in the workforce. Companies need to make sure that employees feel connected with their co-workers and they are always encouraged to do thier best.
Creating a diverse workforce environment means thats there will be an incresing creativity.

TIPS TO INCREASE WORKPLACE DIVERSITY

• Develop a Hiring Strategy to make your Workforce Resembles the Community you Operate in.
• Ask existing employees for referals
• Provide diversity training in your workplace.

Below are some of the advantages and disadvantages of increasing workforce diversity:-

ADVANTAGES:-
   
                            1:- Creativity increase
                            2:- Productivity increases
                            3:- New attitudes
                            4:- Language skills
                            5:- New processes

DISADVANTAGES:-

                            1:- Increase in the cost of training
                            2:- Reverse discrimination
                            3:- Impaired freedom of speech
                            4:- Competition rather than teamwork


" How to Increase Workplace Diversity - Management - WSJ.com." How-To Guides from the Wall Street Journal - Wsj.com. N.p., n.d. Web. 5 July 2013. <http://guides.wsj.com/management/building-a-workplace-culture/how-to-increase-workplace-diversity/>. 

"Increasingly Diverse Workforce: Advantages and Disadvantages of Workforce Diversity." Increasingly Diverse Workforce. N.p., n.d. Web. 5 July 2013. <http://increasinglydiverseworkforce.blogspot.ca/2012/02/advantages-and-disadvantages-of.html>.
                               

https://www.youtube.com/watch?v=JV-cXcX5Xro