Write a 8 pages paper on how can orgnisations strke a balance betwee respecting and meeting the needs of a diverse workforce and shaping a high-performance corporate culture where shared values contribute to the accomplishment of strategic goals. However some theorists have stated certain concepts like suggestion program, etc., are rarely witnessed within organization encompassing diverse workforce.
Diversity can even be related to other approaches on the basis of which an individual can be differentiated from another on the grounds of socio-economic background, personality, life experience, religious beliefs, educational background, family responsibilities and religious beliefs. The management of diverse workforce majorly requires identifying different values of individual in the organization to realize the hidden potential of team members and in turn support respective department in terms of accomplishment of set goals. There are various benefits associated with workplace diversity as it facilitates development of strong relationship between department and external community. On the other hand an organization can even improve upon the quality of its services, products and programs with the support of diverse contribution from employees (Borak, 2005). The workplace diversity even helps to form a supportive and inclusive environment along with more effective delivery of client service and better team work. The major objective behind encouraging a diverse workforce is to increase the productivity level. On basis of this diverse workforce an organization can expect higher degree of innovation that helps to obtain different ideas for better decision making. The business and financial benefits are significant for majority of the large private sector firms. This has even contributed towards overall productivity and profit margin of the firms. However there is a need to incorporate diversity strategies in the companies having diverse workforce as this enables employee retention, reduces expense towards recruitment process, and enhances overall productivity.