Answer to Question #285088 in Economics of Enterprise for giahue

Question

As the district manager for a region of retail discount clothing stores, Henry Banks is preparing for a quarterly meeting with all of the store managers in his district. As part of a presentation about company hiring practices, he plans to stress the importance of diversity. He knows the company needs a diverse workforce to meet the needs of the company’s diverse customer base; however, he is not sure how to convey this to the group of store managers. What do you think Henry should say in his presentation?

(600 words)

Answer 1

Solution:

Workplace diversity refers to the variety of differences between individuals in a company. Diversity not only includes how individuals identify themselves but also how others perceive them. Diversity within a workplace comprises race, gender, ethnic groups, age, religion, sexual orientation, citizenship status, military service, and mental and physical conditions, as well as other distinct differences between people.

Henry should inform the store managers of the importance and benefits of having diversity in the workplace, which include the following:

·        Employees from diverse backgrounds inject organizations with creative new ideas and perspectives informed by their cultural experiences.

• A diverse workplace will help organizations better understand target demographics and what motivates them.
• A diverse workplace can better align an organization’s culture with the demographic make-up of a country.
• Increased customer satisfaction by improving how employees interact with a more diverse clientele and public.

·        Having diversity improves employee relations.