The business case for diversity in the workplace sasrong one, whatever sector you're in. Let's review...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The business case for diversity in the workplace sasrong one, whatever sector you're in. Let's review the evidence: Research by McKinsey shows that gender-diverse companies are 15% more likely to outperform their peers, while ethnically diverse companies are 35% more likely to do the same. And a multigenerational workforce has been proven to provide a distinct advantage for companies, by bringing togother a wide range of ideas and knowiedge But what about diversity in terms of the personaltes of the people we recruit into our companies? Naturally, we tend to get on best with like-minded pecple, those who behave in the same way as us, who see the world as we do. So it's no surprise that when it comes to recruitment, we tend to select those similar to ourselves. You might question whether this is a problem. If everyone is the same, you'l all get on well and be highly productive, right? However, in reality, there are many reasons why, like with gender, age and expertise, we need a diverse mix of personalities in the workplace The case for personality diversity Greater diversity of personalties means a greater balance of strengths and weaknesses, and this is important for any company. Your organisation needs different people to fulfil very cifferent roles: to fit together like a puzzle to drive your business forward. You need risk takers to prompt you to try new things, as well as analytical people who will pay attention to the detail and keep you on the right course. imagine if your organisation was full of highly affectionate individuals. On one hand, you're great at making people feel valued and creating a caring environment. But what about when you have to give feedback and manage some of the more difficuit people things you need to do to make your business successful? Different personalities working together also means a groater variety of perspectives on problems and situations your organisation will inevitably face. If everyone thinks the same, the opportunities for solving a problem will be limited. Ideally, you neod different perspectives that can be discussed and debated to allow you to come to the best decision for the business. A broader variety of people with different strengths also means you can delegate tasks according to what makes people tick, and in doing so, improve enployee engagement and productivity. For example, if someone is more analytical by nature, it may be that tasking them with data analysis will be a better fit than choosing someone who tonids to focus on the big picture and less on the detail. By bringing together people with different talents, you can create a team that's more powerful than the sum of its parts Finally, the personalities of everyone in the workplace allects the morale and atmosphere. And if each person has something to contribute and a different porspective, it can help to create a positive work environment. Improving personality diversity First, you need to understand who you currently have in your organisation. By asking employees to complete a personality questionnaire, you can see where your collective strengths and weaknesses lie. By sharing this information with your teams, you empower people to understand where they need to adapt and flex to meet the requirements of the business. It also enables you to develop coaching plans to help develop people in areas they might be less comfortable, such as presenting, managing or making tough decisions. When it comes to recruitment, you can align your docision-making with the goals of your business. For example, if you have an organisation full of people who are very flexible but also very indecisive, you may consider recruiting someone who is more goal-oriented and decisive to push your business forward. However, to enable them to make an impact you need to have a culture in place that allows them to disrupt comfortably. Through coaching and development, you can work on shifting the current culture to meet new personalities halfway. A wide mix of personalities in the workplace means a greater balance of strengths and weaknesses and better quality decision-making. And it creates a stronger workplace atmosphere where everyone feels they have something to contribute. Personality profiling tools, like Facet5, provide companies with an important snapshot of the personalities that exist within their current organisation, so they can identify where the gaps lie. Article source https://www.t-three.com/soakinsight importance-of-personality-diversity-in-the- workplace QUESTION ONE (30 MARKS) There are five general traits or personality characteristics each of which is viewed as a continuum along which every individual, or more specifically, every mariager falls within. Research and discuss with the use of examples, each of these FIVE (5) characteristics that managers predominantly fall within. Ensure that appropriate and realistic information and examples are used to support your discussion. SHORT ESSAY GUIDELINES: Font Arial, size 12; Justified; 1.5 line spacing Length of answers should be appropriate to the mark allocation This assessment should be written in context of clarity and application of relevant theory END OF PAPER The business case for diversity in the workplace sasrong one, whatever sector you're in. Let's review the evidence: Research by McKinsey shows that gender-diverse companies are 15% more likely to outperform their peers, while ethnically diverse companies are 35% more likely to do the same. And a multigenerational workforce has been proven to provide a distinct advantage for companies, by bringing togother a wide range of ideas and knowiedge But what about diversity in terms of the personaltes of the people we recruit into our companies? Naturally, we tend to get on best with like-minded pecple, those who behave in the same way as us, who see the world as we do. So it's no surprise that when it comes to recruitment, we tend to select those similar to ourselves. You might question whether this is a problem. If everyone is the same, you'l all get on well and be highly productive, right? However, in reality, there are many reasons why, like with gender, age and expertise, we need a diverse mix of personalities in the workplace The case for personality diversity Greater diversity of personalties means a greater balance of strengths and weaknesses, and this is important for any company. Your organisation needs different people to fulfil very cifferent roles: to fit together like a puzzle to drive your business forward. You need risk takers to prompt you to try new things, as well as analytical people who will pay attention to the detail and keep you on the right course. imagine if your organisation was full of highly affectionate individuals. On one hand, you're great at making people feel valued and creating a caring environment. But what about when you have to give feedback and manage some of the more difficuit people things you need to do to make your business successful? Different personalities working together also means a groater variety of perspectives on problems and situations your organisation will inevitably face. If everyone thinks the same, the opportunities for solving a problem will be limited. Ideally, you neod different perspectives that can be discussed and debated to allow you to come to the best decision for the business. A broader variety of people with different strengths also means you can delegate tasks according to what makes people tick, and in doing so, improve enployee engagement and productivity. For example, if someone is more analytical by nature, it may be that tasking them with data analysis will be a better fit than choosing someone who tonids to focus on the big picture and less on the detail. By bringing together people with different talents, you can create a team that's more powerful than the sum of its parts Finally, the personalities of everyone in the workplace allects the morale and atmosphere. And if each person has something to contribute and a different porspective, it can help to create a positive work environment. Improving personality diversity First, you need to understand who you currently have in your organisation. By asking employees to complete a personality questionnaire, you can see where your collective strengths and weaknesses lie. By sharing this information with your teams, you empower people to understand where they need to adapt and flex to meet the requirements of the business. It also enables you to develop coaching plans to help develop people in areas they might be less comfortable, such as presenting, managing or making tough decisions. When it comes to recruitment, you can align your docision-making with the goals of your business. For example, if you have an organisation full of people who are very flexible but also very indecisive, you may consider recruiting someone who is more goal-oriented and decisive to push your business forward. However, to enable them to make an impact you need to have a culture in place that allows them to disrupt comfortably. Through coaching and development, you can work on shifting the current culture to meet new personalities halfway. A wide mix of personalities in the workplace means a greater balance of strengths and weaknesses and better quality decision-making. And it creates a stronger workplace atmosphere where everyone feels they have something to contribute. Personality profiling tools, like Facet5, provide companies with an important snapshot of the personalities that exist within their current organisation, so they can identify where the gaps lie. Article source https://www.t-three.com/soakinsight importance-of-personality-diversity-in-the- workplace QUESTION ONE (30 MARKS) There are five general traits or personality characteristics each of which is viewed as a continuum along which every individual, or more specifically, every mariager falls within. Research and discuss with the use of examples, each of these FIVE (5) characteristics that managers predominantly fall within. Ensure that appropriate and realistic information and examples are used to support your discussion. SHORT ESSAY GUIDELINES: Font Arial, size 12; Justified; 1.5 line spacing Length of answers should be appropriate to the mark allocation This assessment should be written in context of clarity and application of relevant theory END OF PAPER
Expert Answer:
Answer rating: 100% (QA)
answer There are five general traits or personality characteristics each of which is viewed as a continuum along which every individual or more specifically every manager falls Research and discuss wi... View the full answer
Related Book For
Posted Date:
Students also viewed these marketing questions
-
Diversity in the workplace includes aspects such as cultural background, age, gender and people with disabilities. You are to discuss ONE of these aspects and how it can benefit an organisation and...
-
Today many companies recognize that supporting diversity in the workplace is not only the right thing to do, it creates the best results. Write a short essay using 120 to 150 words that relates your...
-
Research has shown that people are more likely to show dishonest and self-interested behaviors in darkness than in a well-lit environment (Zhong, Bohns, & Gino, 2010). In one experiment, participants...
-
Freddie and Jason have just opened the Texas Toothpick, a chain-saw sharpening and repair service located on Elm Street. The Texas Toothpick promises same-week repair service. Freddie and Jason are...
-
What are the key assumptions and predictions of the agency cost/contracting model of dividend payments? Are these predictions supported by research findings?
-
Using the same sets from Example 1.37, perform the set operations indicated. 1. Find \(A \cap(B \cap C)\). 2. Find \((A \cap B) \cup(A \cap C)\). 3. Find \(\left(A \cup C^{\prime} ight) \cap\left(B...
-
Assume that you are buying a share of preferred stock that pays an annual dividend of $7 per share for $87. What will R p be? a. 7.00% b. 8.05% c. 9.10% d. 9.85%
-
Several years ago, Rolen Riders issued preferred stock with a stated annual dividend of 10% of its $100 par value. Preferred stock of this type currently yields 8%. Assume dividends are paid...
-
29. Given: Prove: Plan: R Parallelogram RSTV; also XY || VT Z1 ZS First show that RSYX is a parallelogram. S
-
Glen Pool Club, Inc., has an installment loan outstanding with a current balance of $150.000. The company makes monthly installments of $1,543, which include interest computed at an annual rate of 6...
-
In an ac circuit an alternating voltage e = 200 2 sin 100 t volts is connected to a capacitor of capacity 1 F. The r.m.s. value of the current in the circuit is (a) 10 mA (c) 200 mA (b) 100 mA (d) 20...
-
6. At the Sunshine Hotel's restaurant, total budgeted fixed costs for March were $8,422.80. In that month, the sales were budgeted at $30,454,363, but because of successful advertising campaign were,...
-
(c) MGMT2023 Investment Fund has total capital of $1,000 million invested in five stocks (cf Table 1). The market returns have the probability distribution shown in Table 2. Given a risk-free rate of...
-
Does the following series converge or diverge? (-1) n = 1 3 4n+5 4n+3
-
1. In your own words explain the pre contractual conditions seen in common law and civil law. 2. In your own words describe and explain the Sale-Of-Goods law. 3. In your own words describe and...
-
Decision Making #3 Candy Shop offers 20 coupons for $4 in a coupon book. The coupons are redeemable for a sp Coupon sales average The printing costs total: 500 books per year. $50 The special candy...
-
After liquidating noncash assets and paying creditors, account balances in the Sandhill Co. are Cash $17,400, A, Capital (Cr) $7,700, B Capital (Cr.) $5,300, and C, Capital (Cr.) $4,400. The partners...
-
On March 31, 2018, Gardner Corporation received authorization to issue $30,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated...
-
Discuss the similarities and differences in these concepts: procedural justice, workplace due process, and ethical decisions about behavior.
-
Suggest several ways that a company might encourage its more experienced workers to listen to ideas from newer employees.
-
You have just lost your middle-management job. Outline a procedure to follow in trying to land a new one.
-
Feng Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $42,300. The machines useful life is estimated at 10 years, or 363,000 units of...
-
In early January 2004, LabTech purchases computer equipment for $147,000 to use in operating ac tivities for the next four years. It estimates the equipments salvage value at $30,000. Prepare tables...
-
Cemer Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The negotiated purchase price is $225,000 for the lot plus $120,000 for the...
Study smarter with the SolutionInn App