By providing a multicultural workforce the company will benefit in providing the opportunity for their employees to understand and communicate skill fully with customers from a variety of backgrounds. This provides the opportunity to expand worldwide.…
Diversity is a necessary business aspect needed for any company to succeed. In a global marketplace, a company that employs a diverse workforce, both men and women, people of many generations, people from ethnically and racially diverse backgrounds, etc. is better able to understand the demographics of the marketplace it serves and better equipped to thrive in that marketplace than a company that has a more limited range of employee demographics. Additionally, a company that supports the diversity of its workforce can also improve employee satisfaction, productivity and retention. Inclusion, relates to how an organization utilizes its various relevant diversities. If a workforce is diverse, but the employer takes little or no advantage of that breadth of that experience, then it cannot monetize whatever benefits background diversity might offer…
An organisation’s ability to attract talent from outside depends on how potential applicants view the company, the sector in which it operates and its culture. This is why BRAND IDENTITY seems to be one of the most important factors influencing an organisation’s approach to attracting talent. The top-notch candidates will always ask ‘what’s in this for me’? ‘Unless a business is a brand new start-up, they’re likely to have an existing reputation as an employer – whether this is intentional or not. Given that potential new employees make decisions about joining based on this impression, it pays to define a strategy to make sure the right (and real)…
This reports sets out to explain current Talent Planning strategies used by organisations in their Recruitment and Selection campaigns, in particular; factors affecting their approaches to attracting talent, having a diverse workforce, recruitment and selection methods, and the importance of effective induction plans and training.…
The CIPD defines talent as those individuals who can make a difference to organisational performance either through their immediate contribution or, in the longer-term, by demonstrating the highest levels of potential.…
Diversity is beneficial to both the business and the employees and brings potential benefits such as better decision making and improved problem solving due to the different types of staff.…
* A review of three different recruitment methods that can be used, and when it is appropriate to use them.…
Availability of qualified personnel effects both labor supply and demand. The greater the demand coupled with greater shortage of qualified applicants, the higher/more competitive the salaries for those positions. The economy and demand for products and/or services effects both labor supply and demand. Our economy is very slow resulting in less demand for products or services. The slow economy is the main reason for so many layoffs. A strong economy and high demand for products/services creates jobs.…
An organization should exhibit leadership commitment to diversity as a moral issue, communicate diversity issue both internally and externally, develop effective recruitment and retention strategies for diverse potential and current…
A study conducted by Harnessing Workforce Diversity to Raise Bottom Line, which involves 500 companies between the USA and Europe stated the following benefits as a result of diversity:…
An organisation with a diverse workforce can offer a wide range of resources, skills, ideas and energy to a business, providing a competitive edge. Organisations who embrace diversity will reap the benefits of employing staff from a wider pool of talent by being able to improve productivity and raise their profile in the community.…
I believe the most effective selection method for an entity’s chief executive is through appointment. I also believe that the current structure of the United States does not allow for the appointment of the president due to the current system of checks and balances and separation of powers in place in American government. While the structure of the United States government could be altered to allow for appointment, it wouldn’t solve any major issues in candidate selection. I presume that the best method for the United States to select a president is through an election, and the best method of determining a CEO of a private company is appointment.…
Regardless of sexual orientation, gender, race, or age, all organizations need to hire, retain, and develop a diverse workforce that provides a deeper pool of talent and unique perspectives that help the organization identity and meet the needs of a diverse customer base (McGraw-Hill 2012, p.46). Organizations are now recognizing the need and importance of investing in diversity as part of their overall mission. Diversity is crucial in this day 's global marketplace as companies interact with different ethnic cultures and clients. The results of having a diverse workplace are increased creativity, increased productivity improved moral, new language skills, global understanding, new processes, new solutions to difficult problems and improved employee recruitment and retention.…
Attracting and retaining talents adds a competitive edge to the workplace, by enhancing communication skills, building team relationships and increasing profitability (Steinberger, 2007). The global marketplace today interacts with many different cultures and diversity allows employees and the organization to seek new global understandings, new processes and solutions, making a stronger customer base and market insight, while improved hiring, employee retention and customer…
Diversity in the workplace is a topic that many industries and organizations spend an abundant amount of time and training on in order to ensure its presence. Today's workplace is more diverse than it has ever been in history. While the workforce has made strides in the direction of equality, it is still far from attaining total equality in the workplace. A company must value diversity. The main objectives of valuing diversity include awareness, education, and positive recognition of the differences among people in the workforce. Organizations are increasingly emphasizing group work or teamwork as a source of competitive advantage in a diverse workforce. It has been suggested that such organizations must target their recruitment efforts…