Opportunities

Opportunities:

The organizations will be able to provide new products and services for its customers

Explanation: A diverse workforce can provide a larger pool of ideas and experiences that is of greater creativity and innovation. From that pool, the organization will be able to meet its business strategy needs and the customer’s needs and expectations effectively. If they met the customer’s needs effectively then, it will increase the organization’s profit

Manage recruiting and retaining better people

Explanation: The organization that embraces diversity will be able to recruit more employees since applicants will be attracted to a company where they feel welcomed and valued. With this, they have a better image. Companies with solid reputations are also good corporate citizens, which can improve an organization’s standing in the business world.

Educational and cultural diversity can provide a wider service range

Explanation: A company will be able to provide service to customers on a global basis because it has a diverse collection of skills and experiences. (e.g. languages, cultural understanding) They can expand their markets because of this.

If the diversity in the company is properly managed, it will secure better interpersonal communication between its people; hence, productivity is higher.

Explanation: Better interpersonal communication between its people will encourage employees to perform to their highest ability since all of them are treated equal and fairly. Since productivity is higher, profit will then increase, and so does the return of investment. With better interpersonal communication between its people,  it reduces the chances of absenteeism and attrition too as the undue stress, unnecessary frustration or low morale due to being insensitive, discriminatory etc gets drastically reduced.