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A Theoretical Study On Global Workforce Diversity Management, Its Benefits And Challenges

Author

Listed:
  • Yana SELIVERSTOVA

    (University of Debrecen, Faculty of Economics and Business, Institute of Management and Organisation Sciences, Debrecen, Hungary)

  • Anita PIEROG

    (University of Debrecen, Faculty of Economics and Business, Institute of Management and Organisation Sciences, Debrecen, Hungary)

Abstract

Currently, workforce diversity management is a growing trend in Human Resources practices in most international companies. In the 21st century employees with different backgrounds, mindsets, desires, needs, interests, and personal opinions are acknowledged as the main available source of innovative ideas that companies can implement towards profitable performance and expanded market. Therefore, in this theoretical publication, the authors present a content analysis of the existing research on the notions of diversity and inclusion, equal employment opportunity and diversity management. The paper also includes an analysis of the differences between equal employment opportunity and diversity management and views workforce diversity management in a global context. Based on the report from Mckinsey & Company the authors give an overview of the importance of workforce diversity management, its benefits and challenges that arise along with the implementation of diversity practices in a company. The findings show challenges of workforce diversity management previously discussed by scholars in existing literature from 2017 to 2020. This literature review enhances present materials on a specific topic and forms research possibilities for prospective investigation. Besides, the study reveals several gaps in existing information and explains the need for future research. The authors believe that, due to the lack of a wide representation of this issue in open sources, the materials will be interesting and useful to scholars and HR managers of companies in various sectors of the economy aimed at long-term business development.

Suggested Citation

  • Yana SELIVERSTOVA & Anita PIEROG, 2021. "A Theoretical Study On Global Workforce Diversity Management, Its Benefits And Challenges," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 117-124, July.
    • Handle: RePEc:cmj:journl:y:2021:i:1:p:117-124
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    References listed on IDEAS

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    1. Filbeck, Greg & Foster, Benjamin & Preece, Dianna & Zhao, Xin, 2017. "Does diversity improve profits and shareholder returns? Evidence from top rated companies for diversity by DiversityInc," Advances in accounting, Elsevier, vol. 37(C), pages 94-102.
    2. Harold Andrew Patrick & Vincent Raj Kumar, 2012. "Managing Workplace Diversity," SAGE Open, , vol. 2(2), pages 21582440124, April.
    3. Krisztina Dajnoki & Domician Máté & Veronika Fenyves & András István Kun, 2017. "Deconstructing Attitudes towards Immigrant Workers among Hungarian Employees and Higher Education Students," Sustainability, MDPI, vol. 9(9), pages 1-28, September.
    4. Angel Sharma, 2016. "Managing diversity and equality in the workplace," Cogent Business & Management, Taylor & Francis Journals, vol. 3(1), pages 1212682-121, December.
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    Cited by:

    1. Elwira Gross-Gołacka & Teresa Kupczyk & Justyna Wiktorowicz, 2022. "Towards a Better Workplace Environment—Empirical Measurement to Manage Diversity in the Workplace," IJERPH, MDPI, vol. 19(23), pages 1-13, November.
    2. Mishlin NWEISER & Krisztina DAJNOKI, 2022. "The Importance Of Diversity Management In Relation With Other Functions Of Human Resource Management - A Systematic Review," CrossCultural Management Journal, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 1, pages 17-27, July.

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    More about this item

    Keywords

    Multiculturalism; Equality; Equal employment opportunity; Organisational culture; HRM;
    All these keywords.

    JEL classification:

    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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