Introduction to business Essay Example | Topics and Well Written Essays - 500 words - 14

Introduction to business - Essay Example The expansion and diversification of consumer market with time has established the need for employing a diversified workforce that can satisfy the diversified demand of today’s consumer. The world’s demography is changing constantly, now no country is a complete blend of one race and ethnicity. Due to increased migrations, the minorities are increasing in world developing countries. With all of these changes, it has become important for countries to have a diverse workforce that represents all aspect of the society; this representation projects a better image of the organization in the society. A major advantage of an organization attempting to acquire diverse workforce is that it have access to a large pool of candidates by which it can hire the best possible person for the job. An organization that places importance on skills and talent over characteristics like age, gender, race etc is able to achieve competitive advantage over other organizations. Another advantage of diverse workforce besides projection of better image is that it helps diversified consumer to believe that they share common grounds with the company and it helps to increase their trust in the organization. Furthermore, employees with different perspective can provide the organization with different and varied objectives helping to identify unmet needs and new opportunities. Recruitment of a diversified workforce and creating a welcoming environment for these employees helps to increase motivation and commitment of employees towards the organization. This is because these employees feel valued. Recognition and acceptance of an employee’s unique perspective helps to create a comprehensive work environment, which is very beneficial for the organization. It is evident from the above discussion that the benefits of a diversified workforce far out-weigh the cost of it. It is an essential utensil for