The Impact of Diversity and Inclusion Initiatives on Organizational Performance: A Quantitative Study

Abstract

In the era of globalization, industries and people from different backgrounds are coming together. They are living together and working together. With the emergence of global economy and technological advancements, it has become possible for people to synchronize with each other. In this digital era people from various backgrounds are now exposed to knowledge sharing platforms and through it they are becoming more skilled than before. In this competitive world companies recruit people who are more skilled than others irrespective of their age, caste, creed, color, or nationality. This recruitment has resulted in the emergence of a diversified workforce. This diversification has proved to be beneficial for the organization in many ways because it helps to interact with different cultures and ideas and most importantly, it helps in knowledge exchange. It should be noted that diverse work culture has positive as well as negative implications. To make a diverse work force profitable for the company the managers need to implement various strategies like team building, evaluation, and effective communication among the employees. This will help the organization to secure a better position in the competitive job market.