Workplace Diversity

Workplace Diversity

See Also:
Emotional Intelligence in the Workplace
Co-employment in a PEO Arrangement

What is Workplace Diversity?

Diversity in the Workplace is a reality in most businesses and organizations. If organizations strive to improve their competitive advantage in the market, then they must learn how to successfully manage a diverse workforce.

Diversity Management

In a workplace, diversity management requires an environment of inclusion. Employees should feel like they make a significant contribution to the organization using their unique qualities. Diversity management is about taking advantage of people’s uniqueness and individuality. Then move the organization towards progress and success. Managing organizational diversity as an advantage and not as a disadvantage creates a united workplace culture. Drive it toward productivity and improvement.

Benefits of Diversity

The benefit of focusing on diversity and inclusion within an organization is that employees feel comfortable to participate and contribute their ideas. When employees feel appreciated for their individuality, they will think outside the box to help the organization grow. Diversity enables an organization to connect to different markets and to develop diversification of products, services, and strategies. The importance of diversity is that management can strategically maximize the abilities and productivity levels of individual employees.

Types of Workplace Diversity

  • Demographic Diversity includes diversity based on demographic background, such as ethnicity, gender, age, race, and disability status.
  • Experiential Diversity includes diversity based on life experiences, such as being a mother or father, an immigrant, a military veteran, or a former politician.
  • Informational Diversity includes diversity based on individual knowledge and educational backgrounds, such as a high school education versus an MBA education.
  • Fundamental Diversity includes diversity based on individual beliefs and values, such as importance of ethics in the workplace, as well as the relationships between employees and their organizations.

Determine which candidates are the right fit for your company using our 5 Guiding Principles For Recruiting a Star-Quality Team.
Workplace Diversity
[box]Strategic CFO Lab Member Extra
Access your Recruiting Manual Execution Plan in SCFO Lab. The step-by-step plan recruit the best talent as well as avoid hiring duds.
Click here to access your Execution Plan. Not a Lab Member?
Click here to learn more about SCFO Labs[/box]
Workplace Diversity

ARTICLES YOU MIGHT LIKE

The Struggles of Private Company Accounting

Hiring the right accountant  When I meet a business owner operating at a successful $10 million in revenue, they often mention, “My CPA”… I immediately know that CEO/Entrepreneur is referring to their Tax CPA.  That is because one thing that all Entrepreneurs have in common is that they must file a tax return.  So, from

Read More »

IN CRISIS? GET A STRATEGIC CFO! – CEO Blindspots Podcast

Friend of the firm, Birgit Kamps, recently had Strategic CFO President, Dan Corredor, as a guest on her podcast, CEO Blindspots. CEO BLINDSPOTS HOST: Birgit Kamps. She was speaking five languages by the age of 10, and lived in five countries with her Dutch parents prior to becoming an American citizen. Birgit’s professional experience includes starting

Read More »

SHRM calls ICHRA the 401K for Group Health Benefits

Fed-up with group health insurance? ICHRA is the new way to offer great health benefits and avoid ACA penalties, SHRM calls it the 401K for group health benefits.  In 2020 the Department of Labor, HHS and IRS changed the rules for employer health benefits. They changed the Affordable Care Act mandates and penalties for every

Read More »

JOIN OUR NEXT SERIES

Financial Leadership Workshop

MARCH 28TH-31ST 2022

SHARE THIS ARTICLE

JOIN THE NEXT STRATEGIC CFO™ SERIES

Strategic CFO™ Financial Leadership Workshop
The Art of the CFO®

Days
Hours
Min
Sec

September 12-15th 2022