Many companies see workplace diversity as an investment toward building a better business. Although workplace diversity provides many benefits, it also poses many challenges to employees and managers. To reap the benefits of workplace diversity, employees and managers must understand the challenges and know how to effectively deal with them. Diversity Issues A business with a homogeneous workforce risks losing access to groups of customers and clients.
Conflicting working styles across teams 1. Diverse cultural perspectives can inspire creativity and drive innovation Our culture influences the way in which we see the world. A variety of viewpoints along with the wide-ranging personal and professional experience of an international team can offer new perspectives that inspire colleagues to see the workplace—and the world—differently.
Diversity of thought has been shown to breed creativity and drive innovation, helping to solve problems and meet customer needs in new and exciting ways. Multiple voices, perspectives, and personalities bouncing off one another can give rise to out-of-the-box thinking.
By offering a platform for the open exchange of ideas, businesses can reap the biggest benefits of diversity in the workplace. Local market knowledge and insight makes a business more competitive and profitable A multicultural workforce can give an organization an important edge when expanding into new markets.
Often, a product or service needs to be adapted to succeed overseas. Understanding local laws, regulations, and customs, as well as the competitive landscape, can help a business to thrive. Moreover, local connections, native language skills, and cultural understanding can boost international business development exponentially.
And being more competitive ultimately means being more profitable.
DiversityInc annually recognizes the top 50 most diverse companies and measures their success against the broader market. Cultural sensitivity, insight, and local knowledge means higher quality, targeted marketing Cross-cultural understanding, along with local market knowledge, lends itself the production of more effective marketing strategy and materials.
For example, high quality and culturally sensitive translations of websites, brochures, and other assets are essential. But these can be overlooked without the input of a native speaker.
Even brand taglines can get badly lost in translation. What might work well on a billboard for a British company could fail or offend elsewhere. A memorable McDonalds print ad in Finland may have been considered clever locally, but it was seen as confusing and even grotesque by foreign audiences.
The danger of making a serious marketing blunder, which can cause irreparable damage to a brand or business abroad, can be mitigated by employing a diverse workforce with local marketing savvy. Drawing from a culturally diverse talent pool allows an organization to attract and retain the best talent According to a Glassdoor surveytwo thirds of job hunters indicated that diversity was important to them when evaluating companies and job offers.
In a competitive global job market, demonstrating that your business is invested in fostering a multicultural and inclusive environment can make you stand out to the right candidates. Making diversity an important part of the recruiting process will broaden your talent pool of prospective employees.
Not only does hiring from a more diverse talent pool makes your business attractive to ambitious, globally minded candidates, it also helps you to keep them on board. Diversity, including diversity of gender, religion, and ethnicity, has been shown to improve retention and reduce the costs associated with employee turnover.
In a diverse workplace, employees are more likely remain loyal when they feel respected and valued for their unique contribution. This, in turn, fosters mutual respect among colleagues who also value the diverse culture, perspectives, and experiences of their team members.
An inclusive atmosphere of cross-cultural cooperation is an excellent way to bond colleagues and teams across the business. Studying and sharing a campus with students from different nationalities has been an awe-inspiring experience.
Diversity and international exposure have always been important to the decisions I have made in my career. A diverse skills base allows an organization to offer a broader and more adaptable range of products and services By drawing from a culturally diverse talent pool, companies benefit from hiring professionals with a broad range of skills that are often not accessible when hiring locally.
Globally oriented companies can add to their service range by leveraging the skills and experience their international employees bring to the table. A broader skills base and a more potentially diverse offering of products and services can help your business to have the competitive advantage of adaptability.
Adaptability means faster and more effective planning, development, and execution. A company with cultural and cognitive diversity can be quicker to spot a gap in the market.
It will also have the global or market-specific insight and experience to help a new or adapted product to meet changing consumer behavior—and succeed.
Diverse teams are more productive and perform better The range of experience, expertise, and working methods that a diverse workplace offers can boost problem-solving capacity and lead to greater productivity. In fact, studies have shown organizations with a culture of diversity and inclusion are both happier and more productive.
Where working in homogeneous teams can seem easier, it can cause a business to settle for the status quo. Diversity, on the other hand, can breed healthy competition, stretching a team in a positive way to achieve their best. This atmosphere of healthy competition can lead to the optimization of company processes for greater efficiency.
As a recent article in the Harvard Business Review argues, the challenges of working in a diverse team are one of the reasons why diverse teams perform better: Greater opportunity for personal and professional growth Fundamentally, an inclusive and culturally diverse business will attract talented, ambitious, and globally minded professionals who will appreciate the opportunity for personal and professional growth.
Working across cultures can be a truly enriching experiencing, allowing others to learn about perspectives and traditions from around the world.
Bonding over similarities and differences can help you to become a global citizen, abandoning prejudices or an ethnocentric world view—something that is increasingly valuable.Trend and Barrier Analysis for Workforce Diversity RAND has supported diversity efforts with rigorous trend and barrier analyses.
This research has helped the military services and police organizations to improve their initiatives to attract, recruit, develop, and retain a diverse workforce. Diversity in the Workplace: Benefits, Challenges, and the Required Managerial Tools 3 Conclusions A diverse workforce is a reflection of a changing world.
matter of creating a heterogeneous workforce, but using that workforce to innovate and give it a competitive advantage in the marketplace,” the report states. RACIAL AND ETHNIC HEALTH DISPARITIES.
2 of workforce diversity is important.3 A more diverse health care States are creating clear career paths, or pipelines, to help underrepresented people get the training they need to enter the health care workforce.
For example, California’s Health Careers Training Program.
Organizational Barriers to Diversity in the Workplace Dr. Maria T. Allison Workforce (Johnston & Packer, ), which indicated that the representation of ture, create barriers in the form of resentment and non-responsiveness to-ward "people of difference." Individuals who are thought to benefit .
This may be one of the most simple, but overlooked benefits of diversity in the workplace. By hiring diverse candidates, an organization has its pick from a much larger pool of highly talented individuals than an organization that isn't.