Does your office have many different types of people? At the workplace, diversity talks about employing people of different age, gender, race, educational background, ethnicity and abilities. Workplace diversity is a key to success in business considering the growing globalization of organisations and the need to increase profit.
Most businesses (if not all) focus on minimising cost and increasing profit. This is the main reason why the business exists –to increase profit and make as much money as possible. However, this does not suggest that business owners like you should ignore all ethical responsibilities and simply pursue their self interest. He is rather suggesting that in pursuing maximum profits, a business entity is fulfilling her responsibility to society.
Sadly, many business owners employ based on ethnicity, gender, race among others as they forget about the advantages of workplace diversity. This is in fact affecting the profit margin of many businesses. Because of ethnicity, people do not employ people properly thereby putting their business into jeopardy. If business owners would employ people of diverse backgrounds, there are many benefits the business can get.
Workplace diversity is an influencing factor in increasing profit at the workplace. Business owners who want to increase profit should adopt this approach and see their businesses booming. Meanwhile, just like any matter in this world, it has both advantages and disadvantages. For more info, check this out: http://smallbusiness.chron.com/advantages-disadvantages-diversity-workplace-3041.html