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Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.
Diversity refers to the presence of variety within the organizational workforce, such as in identity and identity politics. It includes gender, ethnicity, sexual orientation, disability, age, culture, class, religion, or opinion. [2][12] Equity refers to concepts of fairness and justice, such as fair compensation and substantive equality. [12]
The demographic diversity of members of a team describes differences in observable attributes like gender, age or ethnicity. Several studies show that individuals who are different from their work team in demographic characteristics are less psychologically committed to their organizations, less satisfied and are therefore more absent from work. [2]
Why Diversity Matters. Leaders working to create diverse and inclusive workplaces in which women can advance must make the connection between diversity initiatives and their organization’s business goals.1 Effective business cases set the context for diversity and identify organizational challenges that must be addressed in order to create ...
Diversity training is often aimed to meet objectives such as attracting and retaining customers and productive workers; maintaining high employee morale; and fostering understanding and harmony between workers. [2] Despite intended benefits, systematic studies have not proven benefits to diversity training.
Successful ERGs will combine business and employee goals to provide maximum benefit. Some general common practices of these include: providing cultural support and diversity insight in company products, missions, or methods; developing products and branding for diverse target markets; and building company reputation through active community involvement.