Understanding Workforce Diversity

The video explains the importance of diversity in the workforce, highlighting five key reasons: improving consumer understanding, fostering team acceptance, attracting a diverse workforce, encouraging individual contribution, and providing a competitive advantage. By embracing diversity, businesses can enhance their market share, foster innovation, and achieve better performance.

What aspects are included in workforce diversity?

• Only race and gender

• None of the above

• Tradition and society only

• Culture, race, gender, and background experiences

How does diversity improve client connections?

• By limiting cultural exposure

• By focusing on a single perspective

• By showing shared interests

• By reducing communication

What is a benefit of showing acceptance to all differences in a team?

• It reduces motivation

• It fosters strong friendships and trust

• It leads to distrust

• It creates competition among team members

What happens when a business is seen as open and undiscriminating?

• It attracts a diverse range of employees

• It loses market share

• It faces more internal conflicts

• It becomes less innovative

How does diversity encourage individual contribution?

• By promoting uniformity

• By encouraging new ideas and responsibility

• By discouraging innovation

• By limiting personal responsibility

What is a result of applying diversity strategies in a business?

• Decreased market share

• Increased competitive advantage

• Reduced employee satisfaction

• Limited growth opportunities

Why do smart businesses encourage diversity?

• To reduce the number of employees

• To bring better opportunities and innovation

• To focus on a single market

• To maintain the status quo

What is the impact of diversity on market share?

• It makes market share unpredictable

• It has no impact

• It decreases market share

• It improves market share

How does diversity affect business performance?

• It makes performance inconsistent

• It leads to excellent performance

• It has no effect on performance

• It causes performance to decline

What is a key reason for needing diversity in the workforce?

• To limit cultural exposure

• To reduce employee numbers

• To focus on a single demographic

• To fill gaps and provide a competitive edge