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Diversity, in a business context, is hiring and promoting employees from a variety of different backgrounds and identities.Those characteristics may include various legally protected groups, such as people of different religions or races, or backgrounds that are not legally protected, such as people from different social classes or educational levels.
Collaboration, on the other hand, encourages the pooling of diverse skills and perspectives, leading to innovative solutions and problem-solving. [15] In a workplace where communication flows smoothly and collaboration is encouraged, employees are more likely to work cohesively, capitalize on each other's strengths, and produce high-quality ...
Why more companies should focus on hiring & investing in diverse workplaces. October 9, 2020 at 12:15 PM ...
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 ...
4. Take Brain Breaks. Remember, though—just because you’re doing the hard stuff doesn’t mean you should press on until you’re drained. While it doesn’t seem like it’s productive ...
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]
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 ...
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 ...