Determine how diversity affects competitiveness.
· List three implications of competitiveness for the global company portrayed in the scenario providing supporting details in the notes.
· List three implications of collaboration for the global company portrayed in the scenario providing supporting details in the notes.
· State five total steps a company can take to cultivate a diverse workforce according to the reading with supporting details provided in the notes.
· Outline an implementation plan for SolarTrend to make their workforce more diverse, sensitive to customer needs, and collaborative. Please include any supporting details below each slide.
Module 4 Document
Both globalization and diversity go hand-in-hand. While employee diversity fosters creativity, innovation, and collaboration within organizations at all levels of the organization level; diversity can also have an effect on the labor market. Since diversity can serve as the foundation for a competitive advantage, diversity management is fast emerging as a key strategy in human resource administration (Urbancová et al., 2020). Among the many characteristics typically considered are age, gender, race, religion and disability. The world is increasingly globalizing, which means that factors that cause heterogeneity within the labour market as well as in business, like demographic changes and a decrease in workers (and, therefore, an increase demand for workers) and an increase of female employment are all on the rise. Two phenomena that are often connected to globalization include women’s work in overseas workforces and the increase in worldwide migration. It can be said that the influx of individuals into the European Union and the freedom to choose one’s employment role inside the EU have increased the importance of workforce diversity, which has increased labor market competition (Urbancová et al., 2020). Cont…
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