Diversity Models

According to analysts, 47.5 percent of the work force will be women by the year 2000, and 29 percent of the net additions to the work force will be non-whites (Flynn, 1995, p. 72). This means that managers and executives will be under increasing pressure to establish diversity programs which recognize that the American work force is no longer a homogeneous group of white males, but rather a diverse combination of gender and ethnicities. Employees who find companies which foster diversity are more likely to remain in those organizations than in companies which do not recognize the importance that diversity plays in the work place. Similarly, as word spreads that a particular organization has a strong diversity program, it is likely to find it easier to attract and retain high quality workers with di

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This strategy means that the company is able to anticipate changes not only in the work force, but also helps the financial institution better serve the needs of its customers, who also form a highly diverse mix (Beaver, 1995, p. 8). Bank of America's diversity program also includes efforts to build career development, and its diversity network (there are chapters in six different states) assist employees in developing on both a personal and a professional basis. Here, the emphasis is to bring employees together in order to build better communication skills and to openly discuss diversity issues. Although the company sometimes makes facilities available to the employees, these chapters meet on employees' time and are not limited to women and minorities. White men are invited (and some even are the head of chapters) which contributes to better understanding among the employees (Flynn, 1995, p. 70). Gannett Company, which owns 10 television stations, 15 radio stations and 80 daily newspapers (as well as being a large competitor in outdoor advertising), found that having a strong diversity program gave it a competitive edge. In Gannett's opinion, if it did not have a work force which reflected the diverse makeup of the Americ
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Approximate Word count = 2090
Approximate Pages = 8 (250 words per page)

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