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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 management can be seen to "leverage organisational diversity to enhance organisational justice and achieve better business outcomes". [ 56 ] Several reports and academic studies, including one by McKinsey & Company , found a correlation between financial benefits and DEI.
As a result, diversity trainers in the U.S. began calling for diversity training, arguing that women and minorities would soon be the backbone of the workforce and that companies needed to determine how to include them amongst their ranks. By 2005, 65 percent of large corporations offered their employees some form of diversity training. [6]
Although most of those directors surveyed say DEI is a primary boardroom agenda item, the share who believe their company is investing to support race equity and diversity goals fell seven ...
Diversity leaders now find themselves hitting a roadblock because their “conventional business case statements are all abstract in their connections to corporate profits,” according to Seramount.
The Supreme Court just delivered a big win for workers and workplace equality–but conservatives are trying to cast the Court’s decision as a blow to workplace equality and inclusion efforts.
Functional diversity encapsulates the cognitive resource diversity theory, which is the idea that diversity of cognitive resources promotes creativity and innovation, problem solving capacity, and organizational flexibility. Functionally diverse teams “consist of individuals with a variety of educational and training backgrounds working ...
[1] Thus, diversity marketing is the process in which companies study the market they are in or about to enter by different means (e.g. surveys, focus groups or in some cases telecommunication). Diversity marketing is helping business owners and operators at all levels to connect with society through communication channels that best reach them ...