48 per cent of companies in the US with more diversity at senior management level improved their market share. What is cultural globalization: Cultural globalization refers to the dynamic process of interconnection and assimilation of cultures, from which a homogeneous and common culture is generated in the world. Benefits Of everything that matters, April 10, 2010 Employees from all sorts of different backgrounds get to learn from their colleagues’ experiences from a different perspective. Language barriers are generally temporary in nature (most immigrants eventually learn the language of the country they move to), but the resultant segregation can endure, as exemplified in segregated neighborhoods and ethnic ghetto… go ahead………………, Yah it is really improved our thinking power..and we get many things from there…, yes you can add on information about cultural heritage being of benefit to a community, yeaaaaaah it is really improved our thinking power..and we get many things from there…, March 20, 2016 You have more career prospects available to you because of multilingualism. This design allows each team member to focus on their strengths.If an employer can create diversity in the workplace, then each worker will have their strengths complement those of everyone else on the team. Benefits of workplace diversity Having a diverse and multicultural workplace brings several advantages. In 2044, the U.S. Census predicts that over half of the nation’s population will be people of color, so this trend will likely continue. Allowing culturally diverse employees to brainstorm brings a wide variety of solutions to the table. When next planning to hire new employees, consider making an effort to hire a diverse range of people, across gender, age and cultural backgrounds. Potential Advantages. 2.Improves productivity and profitability. A 2013 survey undertaken by think tank, Center for Talent Innovation, found that 48 per cent of companies in the US with more diversity at senior management level improved their market share the previous year, while only 33 per cent companies with less diverse management reported similar growth. Teams and companies that make diversity a priority offer a variety of ideas, perspectives and … Here are a few of the top benefits of diversity in the workplace. Posted in Miscellaneous. , Erwin Z, Comment Closed, March 15, 2016 In their research, The economic value of cultural diversity: evidence from US cities, the Authors conclude that “these findings are consistent with a dominant positive effect of diversity on productivity: a more multicultural urban environment makes US-born citizens more productive.”. Please help us improve. The idea is that when children are exposed to multiple languages from birth, then they are simply learning two first l… The Advantages of Being in a Multicultural Classroom Monday, June 19, 2017 . When people from different backgrounds and cultures work together, they are exposed to varying viewpoints and ideas. That means assignments can be handed out with greater specificity so that the quality of the work improves. The economic value of cultural diversity: evidence from US cities, How We Encourage Diversity and Equality in Our Content Marketing, How the UK Workforce Would Look as 100 People, 5 Ways to Support Your New Mentor Program, How To Create An Employee On-boarding Checklist, How to Get the Most Benefit from Your Employee Opinion Survey. Having a wider range of skills and knowledge available to them, these companies often enjoy a more diverse and adaptable range of products and services that they can offer to their respective markets. In this world of competition, where cultural diversity has so many benefits, it deserves a place in all organizations. Ask and learn them from employees during lunch break or after work drinks. Do you know that a diverse company can lead to greater productivity? , Comment Closed, of course. Diversity in cultures means diversity in skills and therefore products and service offerings. By enjoying a more culturally diverse workforce, it is often found that employees then spend more time in their daily lives with people from cultural backgrounds that they are often never exposed to. Why then, in this age of globalisation, should we not focus on ensuring our workforces are just as diverse? 3.Helps to create a pool of talent. There are additional cultural relativism advantages and disadvantages to consider when looking at this theory. Mentioned below are some of them. See also How We Encourage Diversity and Equality in Our Content Marketing. The answer to this question depends on the context. Lauren writes for 6Q and a number of other business blogs, and believes that using employee pulse surveys can significantly improve employee engagement. Charles F. Bennett, of the University of California, Los Angeles, presented this paper at the symposium on The Ecology of Conservation and Development in Central America and Panama, sponsored by the Organization for Tropical Studies, San Jose, Costa Rica, in February 1975. Think of the human race as a whole; we are a very diverse species across the globe, with many different cultures, languages and beliefs. It also increases ethnic diversity by adding a great deal of historyand traditions belonging to other peoples. There is an enhancement of productivity of the workers and profitability for the organization. The advantages of cultural diversity. 1. “When employees respect each other and get along in the workplace, it’s amazing how productivity increases, morale increases and employees are more courteous to customers.”. Cultural diversity is important because it helps in country development, since the great amount of ethnic, social, traditional and regional resources increases the attraction of entrepreneurs, tourists and nations that see in them strong economic and commercial possibilities. Companies that encourage diversity in the workplace inspire all of their employees to perform to their highest ability. , Erwin Z, Comment Closed. A diverse collection of skills and experiences allows a company to provide service to customers on a global basis because the company is able to relate and understand their clients better, and some even on a personal level. 1) Talents, skills, and experiences Individuals from diverse backgrounds can offer a selection of different talents, skills, and experiences, that may be of benefit to the organization and their work performance. Diversity, according to the Merriam-Webster Dictionary, is defined as “the state of having people who are different races or who have different cultures in a group or organization.”It can also mean the quality or state of having many different forms, types, ideas and the like. Let’s discuss eight amazing benefits to individuals and employing companies; Before we dive in to the main benefits though, what exactly do we mean when we say diversity? Cultural diversity in the workplace is when companies are open to hiring employees from all sorts of different backgrounds; regardless of race, religion and culture. Diversity still makes it challenging for some cultures to be heard. Another benefit of cultural diversity in the workplace is the increase in creativity among teams, and the ability to have a more diverse set of solutions to specific problems. For example; with the rise of companies dealing their businesses in China, a company that hires employees fluent in Mandarin to increase the company’s reputation in Chinese communities. Thank you! And the business case for diversity includes these perspective … The research proven advantages to cultural diversity in the workplace include increased innovation, greater connection with diverse consumers, and increased ability to attract and retain diverse employees, to name a few. Diversity brings in different talents together, all of them working towards a common goal using different sets of skills. With more ideas to choose from, you improve the chances of finding the best possible solution. Active persuasion of diversity at the workplace directly impacts productivity and profitability of the organization as well as the employees. One of the main disadvantages of cultural diversity is its tendency to create language barriers. Pros of cultural diversity: 1. Studies show that when diversity is respected and valued from a young age, children are more likely to create a sense of belonging to their social connection and their community. Remember that a diverse workplace combines employees from different backgrounds, ethnicity and experiences, and together breed a more productive environment. Cultural diversity in the classroom is on the rise. Potential clients often feel more valued and thus give more business to these organisations. Why Cultural Diversity In The Workplace Is A Win-Win. Engaging with others whose opinions, customs and personal lifestyles differ sharply from your own increases your self-insight. We can learn from one another, but first we must have a level of understanding about each other in order to facilitate collaboration and cooperation. Support and positive relationships are key aspects to making a child feel more secure with their differences and are more accepting of their surroundings and others. This could result in an increase in sales, and resulting in improved profits. Tagged as culture, society, March 20, 2016 What better way to learn about other culture and ethnicity than from colleagues that come from a different background than your own? In a constantly increasingly competitive economy where skills and talents are crucial to improving the company, put together the most diverse set of candidates is increasingly necessary to succeed in the market. It exists in different communities and households, from small suburbs to big cities and that too all through the world. The many benefits of cultural diversity include: 1.Promotes humanistic values. , C Kapoor , 4 Comments. When any organization invests in diversity, it results in the creation of a bigger pool of talent. There are some very positive benefits that can be hard from having a more diverse workforce. Higher-educated candidates who experienced diversity while at university may feel that a diverse company is more progressive and therefore will want to work there. This means that you’ll have more chances of hiring top talents if you show that there are no prejudices or bias … , Erwin Z Diversity in the workplace ensures a variety of different perspectives. It makes the people of the organization think that their value and worthy contributions are being realized by the organization and the management. In San Francisco, over 50% of the families who are looking for a nanny want to hire someone who is fluent in a language other than their own – and that doesn’t always mean it is Spanish. The course curriculum is not the onl… When an organization has a group of employees belonging to diverse cultures, it demonstrates that the organization recognizes and celebrates and commemorates the diversity that exists in people of different backgrounds. 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