Abstract Australian workplaces are diverse, reflecting the conversion of the Australian population. Diversity is unremarkably interpreted in relation to ethnicity, gender and culture. Diversity in supplyition captures the differences and similarities between individuals and group, encompassing race, ethnicity, gender, culture, age sexual orientation, religion, language, socio-economic status, education, family status, physical and mental ability. (Nicholas, 2001) These demographic variables are related to other important diversity characteristics such as values, attitudes, interaction styles, physical and cognitive abilities and non-work commitments. indoors the workplace, these demographic characteristics and employee differences in technical skills, organisational tenure and organisational position concern on individual and organisational executing and productivity. The impact of diversity is some(prenominal) positive and negative.
The bottom follow benefits from effectively managing diverse custodys are the diversity dividend. Diversity management contributes significantly to the bottom line by improving the efficiency of human resource management, change magnitude job satisfaction that translates into lower absenteeism and turnover, higher levels of productivity and performance; and enhances the organisation?s reputation as an employer of choice.
Increasingly, organisations must be knowledge creating and leading in their field. Organisations will win or lose market share, prosper or fail on their ability to be innovative. A knowledge organisation continually expands its capacity to create its future.
The learning organisation uses its diverse workforce to create value, through better problem solving, innovation, decision devising and creativity. When diverse teams and workforces are managed effectively, they integrate information to create raw(a) knowledge and disseminate that knowledge throughout the organisation. Learning organisations add to the bottom line through using knowledge introduction as a competitive advantage over rivals.
Australian organisations compete in a global marketplace. Organisations operating internationally must develop capability to navigate culturally complicated environments. Operating in other economies such as Asia where in that location are different formal and informal institutions challenges Australian business. Managed well,
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