Current Situation in Diversity Management in the Workplace Essay

Current Situation in Diversity Management in the Workplace - Essay Example Thus, diversity in management is essential in the current state of economic affairs. Diversity in workplace helps the organizations to attract businesses, corporations and government talents from almost all the directions. It also helps the companies to tap emerging new markets and enjoy the fruits of efficient government policies (Cook, 24). Managing diversity in the firms involves observing legal and policy requirements in a very simple manner. In the current epoch diversity in workplaces helps companies to promote community and comfort with differences (Williams 17). Finally diversity in the workplaces helps firms to achieve successful growth in the long run. Workplace diversity provides immense benefits to an organization. The business firms can expand their thoughts outside-the-box and enjoy efficient teamwork with diversity in managements. A cordial atmosphere of mutual understanding and respect is enjoyed by the workers in an organization that diversifies its workplace.  "A company’s performance is always linked to its ability to recruit the right people. People want to work for companies that demonstrate that diversity matters. There needs to be a sustained culture assault down the supply chain that business must encourage.† (Shakhray 6). ... In order to compete in the growing economy, it is important for the business organizations to select the brightest talent in their agencies. This is easily executed in the current era with diversification of management of the workplaces. More innovative and creative solutions are formulized nowadays by the business firms by diversifying in terms of experiences and skills. Significant improvement in both workplace productivity and work performance can be enjoyed by the firms in the current economy with the help of diversification of bureau. Briefly, diversity of work is the actual key that is responsible to foster the economic growth of the current period. Case Study: Workforce Diversity in U.S. U.S. is a highly developed country in the world both in terms of social and economical development. The rate of urbanization in the country is above 80%. The Gross Domestic Product (GDP) as well as GDP per Capita is improving significantly in U.S. with time. About 79.7% of the total population in U.S. is engaged in the service sector. The service sector of the country is highly diverse in terms of skill, race, gender etc. Approximately 155,163,000 was the labor force of U.S. in July 2012. This strength included the workers who were actively employed as well as those who were seeking employments. Figure 1: Workforce diversity in US (Source: American Progress, â€Å"The State of Diversity in Today’s Workforce†) The graph above enumerates the current workforce diversity in the U.S. market in 2011 in the employment sector. It is visualized from the above graph that 16.49% of the total workforce works in the state owned public sectors in U.S. 10.58% and 3.8% are the proportions of the people working in