Reference no: EM132875579

March 5. Summarize the main points of the following paragraph:

"Diversity management refers to the voluntary organizational actions that are designed to create through deliberate policies and programs greater inclusion of employees from various backgrounds into the formal and informal organizational structures. When diversity is managed successfully, employees tend to be more committed, satisfied, and better performers. An increase in earnings was seen for every increase in racial and ethnic diversity on senior executives. Diverse companies were also seen to outperform their competitors

Despite the theoretical effectiveness of diversity management, I believe that diversity management programs are not making a true difference in breaking down barriers and raising the performance of organizations. There is actually more hype than real changes.

The U.S. workforce has been and continues to be more diverse than ever before. A survey by the National Center for Public Policy and Higher Education projected that the number of non-white portions in the workforce would double from 18% to over 37% between 1980 and 2020, while the percentage of white portions would decline from 82% to 63% during the same period. The U.S. Census Bureau 2014 statistics correlate with these projections, revealing that 50.2% of children below the age of 5 are from ethnic minorities.

Even with the statistics, United States businesses in the public and private sectors are still reluctant to hire minorities. Minority workers are more likely to be unemployed and less likely to be promoted to senior positions than whites. The 2018 U.S Department of Labor's Bureau of Labor Statistics report states, 89.5% of corporate executives were white, and 73.1% were male. The Pew Research of 2016 reveals that 40% of both men and women prefer to employ men over women.

A diverse and inclusive workforce has been proven to be beneficial for economic growth and the success of organizations. Even though, bias and misconceptions exist and act as obstacles that make companies resistant to recruit underrepresented groups. Employers will need to identify and remove barriers in their diverse management if they wish for a more talented and diverse pool of candidates."