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It results in increased productivity, reduced absenteeism, and enhanced physical and mental well-being, as employees exhibit higher commitment and motivation towards their work. Companies that promote a healthy work-life balance, provide mental health support, and encourage overall well-being tend to have more productive and engaged employees ...
The demographic diversity of members of a team describes differences in observable attributes like gender, age or ethnicity. Several studies show that individuals who are different from their work team in demographic characteristics are less psychologically committed to their organizations, less satisfied and are therefore more absent from work. [2]
Functional diversity encapsulates the cognitive resource diversity theory, which is the idea that diversity of cognitive resources promotes creativity and innovation, problem solving capacity, and organizational flexibility. Functionally diverse teams “consist of individuals with a variety of educational and training backgrounds working ...
This marks an unprecedented time for most workplaces, where the presence of retirement-age workers used to be rare. However, given the current U.S. labor shortage , it could be a win-win for those ...
That is, with a diverse workforce, management may have to work harder to reach the same level of productivity as with a less diverse workforce. Another challenge faced by organizations striving to foster a more diverse workforce is the management of a diverse population. Managing diversity is more than simply acknowledging differences in people ...
Some professionals recall the risks of working away from the office, while others rave about having the flexibility to create their own work environment. 91 percent of people who work at home are ...
For example, an alternate compensation package that provided a risk-free benefit might elicit more work effort, consistent with psychologically-oriented prospect theory. [5] But a personnel-economics analysis in its efficiency aspect would evaluate the package as to cost–benefit analysis, rather than work-effort benefits alone. [6]
Diversity training is a type of corporate training designed to facilitate positive intergroup interaction, reduce prejudice and discrimination, and teach different individuals how to work together effectively. [1] Diversity training is often aimed to meet objectives such as attracting and retaining customers and productive workers; maintaining ...