Table of Contents
Task 2.1 Explain what is meant by ‘diversity’ in a business context
Task 2.2 Recognise the benefits of having a diverse workforce.
Task 2.3 Compare how a range of organizations promote diversity.
Task 2.4 Explain how they can promote diversity within their place of work.
Task 2.5 Summarise legal and organizational guidelines that govern diversity within the workplace.
Business culture and responsibilities cover a wide range of factors related to the environment and other components of the process of several business activities. It includes the management process and utilization of the workforce and other perspective components in the workplace. Proper progression of a business institution depends mostly on the proper management of their raw materials and keeping the waste emerged by the factory or by-productive components. A business can succeed by recycling its waste through several systems or recovering. Lowering prices may be especially beneficial if the recession opens the door for cheap imports. A business manager would also be wise to warn consumers of cheap imitations and their lack of quality.
Task 2.1 Explain what is meant by ‘diversity in a business context
Diversity is to do with having people from different backgrounds – you want a diverse workforce. So in a business context, it means that you want employees (and possibly customers) with a wide range of personal attributes. There are nine protected characteristics, and a business cannot be seen to discriminate against any of these. As workplaces embrace the idea of diversity, they often realize benefits that help improve their companies, from new ideas to increased international opportunities. Diversity can add varied ideas and perspectives to the workplace.
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Research compiled by the Journal of Small Business Management suggests that employers who recruit diverse workforces open their businesses to a wide range of ideas. Businesses compile these varied opinions and ideas as they make decisions about how to start, run, and finance their operations and market their products or services. Companies that set out to recruit a diverse workforce, rather than settling for a homogeneous environment, open their businesses to a larger pool of applicants.
As a result, they increase their ability to access candidates who are most qualified for the positions they’re looking to fill. Dr. John Sullivan, a consultant, and educator on ere.net, a recruitment website, notes businesses that opt not to recruit from diverse pools of talent may not only miss talent but also be forced to increase recruiting costs. While diverse workforces aren’t limited to employees from different countries who speak more than one language or have varying ethnic backgrounds, employees with these characteristics are beneficial to companies looking to expand or improve existing operations in national, regional, or local markets. The belief is that expansion will drive profits for companies, though Sullivan cautions that profitability as a result of a diverse workplace depends on location and target market. As workplaces become more diverse, employers are encouraged to take note of communication, training, recruiting practices, and management.
Diverse workforces may be plagued with problems if employees aren’t equipped with the knowledge they need to communicate effectively with their co-workers, regardless of their differences. Diversity training can help reduce interpersonal conflicts within a company. As a result of efforts to train employees on diversity issues, management may see an increase in training and development costs. Allbusiness.com, an online resource for entrepreneurs, notes some businesses believe that costs of diversity are higher than their benefits because of potential issues with communication and training………………………