Diversity in a broad term is any dimension that can be used to differentiate groups and people from one another, it means respect for and appreciation of differences in ethnicity, gender, disability, age, national origin, religion and sexual orientation. Inclusion is a state of being valued, respected and supported by focussing on the needs of every individual and ensuring that right conditions are in place for them to achieve their full potential without experiencing harassment or discrimination. In more specific terms consider Diversity to be a mix of people and inclusion a medium by which the mix can work well together.
This article would give the reader an insight on how it has become imperative for all organizations to have a diverse work force due to changing business environment and financial and social implication followed by results of certain survey conducted by leading corporate houses that reflect upon the importance of diversity and inclusion in fostering innovation.
With diversity and inclusion we are more or less replicating the structure of the society into an Organization. It is a proven fact both men and women are biologically the same and hence equal opportunities must be given to them in each and every sphere of life. Any discrimination or biasing done on the basis of Caste, Creed or cultural background will eventually lead to huge amount of talent being wasted and ultimately a loss for the organization.
In the current business scenario, each Organization is striving hard to have a global presence, cater to different market segments and most importantly increase profits. Today, just as national boundaries are eroding in the “global village,” so are cultural and gender barriers weakening in the global workforce. The concept of workforce Diversity is no longer an abstraction; it is part of everyday life in many countries in the developed world. Driven by a need to compensate for talent shortages—and compete in an