Answer to Question #119094 in Economics for Charlie

Question

What policies do managers in the organization have in place to help assist with the management of a diverse internal labor force?

Answer 1

Diversity management refers to organizational actions that aim to promote greater inclusion of employees from different backgrounds into an organization’s structure through specific policies and programs.

Organizations can implement these best practices to maintain a competitive business advantage and also capitalize on the potential of its diverse workforce. The following are the best practices that an organization can implement:

1. Commitment from top management

2. Identify new talent pools

3. Provides a safe avenue for dialogue on diversity-related issues

4. Make diversity part of the company’s objectives

5. Distinguish between diversity and affirmative action

Source:

https://corporatefinanceinstitute.com/resources/knowledge/other/diversity-management/