Diversity is, in fact, the new normal. And, this normal works to promote a more creative environment as well. Studies show that racially diverse teams outperform non-diverse ones by 35%, and teams, where men and women are considered equal, create 41% more revenue.
Mesmerised by the grandeur of FIFA 2018, I watched "Remember the Titans," a Hollywood movie based on the real-life events of Herman Boone, an African-American football coach in the early 70s, who brought together ethnic black and white players to create a world-class American football team. The movie conveys one impactful message - the essence of diversity is in its visible outcomes.
It is important for companies to consider aspects of diversity while building teams for projects. A team in which no member is willing to take risks is far from ideal, as also a team where every member is a risktaker. Every person is unique and dissimilar from the other; be it gender, race, age, religion, sexual orientation, gender, physical ability, or even personal beliefs and attitude. Oxford dictionary defines diversity as, "the state of being diverse" or "a range of different things." We, in the corporate world, fail to believe or do not pay attention to the fact that the "range of different things" is not limited to an employee's gender, race, religion, caste, disabilities or even sexual orientation. Although, these are important and most commonly discussed aspects of diversity; people may reflect diversity in terms of personality types (introvert or extrovert), attitudes, values, family background, and, the willingness to take risks.
Inclusion
This story is from the August 2018 edition of Human Capital.
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This story is from the August 2018 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
