There are a number of reasons having a diverse workforce is important. Studies have shown a key benefit of diversity is improved organizational performance. One study compared decision-making between teams with ethnic diversity and teams without ethnic diversity; results revealed the diverse team’s decisions were 58% better than non-diverse teams (Levine et al. 2014). Another study looked at gender and discovered shifting from an all-male or all-female office to one split evenly increased revenue by 41% (Ellison & Mullin, 2014). Additionally, research has shown job seekers are more attracted to organizations that invest in diversity (Madera & Dawson, 2016).
In the video “The Importance of Diversity in the Workplace” Debbie Story, Sr. VP for Talent Development and Chief Diversity Officer at AT&T, and Steve Bucherati, Chief Diversity Officer at The Coca-Cola Company, discuss why their organizations are committed to diversity and inclusion and the reasons it is so important to their company’s success.
Once a company has committed to diversity and inclusion, it must become part of its workforce planning process. Watch the video “5 Steps to Successful Workforce Planning” for more details on planning a workforce.
Before you begin, be sure to review the following resources:
Watch the two videos mentioned above. Think about the challenges involved in creating a diverse workforce. In many cases, this involves a completely different recruiting strategy and requires creativity when it comes to sourcing candidates. Based on this weeks’ reading assignments, along with any additional research you want to perform, review each of the five steps involved in workforce planning and explain what strategies you might use at each stage to build a diverse workforce.
For this assignment, you do not need to apply the approach to a specific company, but if it helps, you certainly can.
- Step 1 Gather market data
- Step 2 Analyze your organization
- Step 3 Supply and demand
- Step 4 Develop your implementation plan
- Step 5 Review your workforce plan annually
Your paper must beone to two pageslong (excluding the cover and reference pages) and should include at leastone outside credible source