The Role of Workforce Diversity in Firm Performance: An Empirical Study

Abstract

The inclusion of people with varied experiences, backgrounds, cultures, races, genders, and ages in the workforce is referred to as workforce diversity. It is now more important than ever to do so in order to improve business performance than ever for businesses to give diversity and inclusion top priority when employing new employees. As India continues to diversify and becomes more globally integrated, workforce diversity has been receiving more attention. The innovation, creativity, and problem-solving skills of businesses that value diversity and inclusion tend to be greater. Additionally, businesses need to foster a culture that is open to different viewpoints and ideas. This includes giving all workers an equal chance for professional progress and encouraging a sense of community among all workers. In India, the performance of businesses is significantly influenced by employee diversity. Businesses that place a high priority on diversity and inclusion often have a competitive edge and are better able to meet the demands of a competitive and complicated global market.