How Cultural Diversity Is Changing The Workforce. In Today’S

How Cultural Diversity Is Changing the Workforce In today’s society there are many culturally diverse people in the workforce. Most organizations can no longer make the assumption that every employee has similar beliefs or expectations. When entering into the global marketplace, people are considered one of the most valuable resources to an organization’s success. A well-managed culturally diverse workforce has the potential to thrive if managed correctly; or if mismanaged, there can be devastating negative attributes. With great expectations, culturally diverse employees can foster positive outcomes in the workplace. A company’s acknowledgement to embrace diversity and change, and implement the value of management techniques are†¦show more content†¦From our research, we identified three different perspectives on workforce diversity that people embrace, each with different implications for a work group’s ability to realize the benefits of its cul tural diversity. We use these observations here to examine critically some of the themes and basic assumptions of previous research and to propose new directions for both researchers and practitioners interested in diversity (Ely Thomas, 2001). When organizations have a diverse economy, it makes the company strong. Once our nation has embrace the changes from the demographics that reap the economic benefits of a diverse and inclusive workforce. Burns et al. (2012) stated in their investigation that: â€Å"In June 2012, approximately 155,163,00 people were in the labor force (those actively employed or seeking employment). With a total U.S. working-age population of approximately 243 million individuals, the labor force participation rate currently stands at 63.8 percent. Out of those 155 million individuals in the labor force, 142,415,00 are currently employed, with unemployment hovering around 8.2 percent†. Statics stated by 2020 the labor force is projected to reach more than 146 million U.S. citizens, a 5.9 percent from today. Economists predict the labor force participation rate will decrease over the coming decades, as an agingShow MoreRelatedDiversity Management and Cultural Intelligence1260 Words   |  6 PagesK. Carroll Current Issues in OB Final Diversity Management and Cultural Intelligence Diversity Management and cultural intelligence is the crucial keys in today’s workforce to successfully compete in a global marketplace. Corporations can no longer use lack of cultural intelligence as an excuse. Organizations pursuing global success must embrace diversity in their thoughts, actions, and innovations. Diversity doesn’t just focus on making the numbers, but how the organization’s business model is rootedRead MoreThe Treasure Trove Of The Aging Workforce Essay953 Words   |  4 PagesThe Treasure Trove of the Aging Workforce Tajh T. 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