Topic > The Importance of Diversity in the Workplace - 761

Companies like Buzztronics are leading the way in the global economy thanks to their commitment to diversity in the workplace. To build a diverse and successful workforce, a company must recruit, train and retain capable and talented minorities. Deloitte, a prestigious financial firm that focuses primarily on accounting, traditionally recruited from top-tier colleges and universities, as a result most of their new hires were affluent white males. The company took a step back and evaluated whether its company reflected the customers it served, and found that it didn't. They decided to reevaluate their company's hiring practices. Deloitte has started to focus on recruiting from smaller schools, such as community colleges. Community colleges offered many bright, determined people qualified to work for Deloitte, but they lacked the means to afford a more prestigious education. International companies are also finding new ways to increase diversity abroad. Instead of using expat employees as managers, they are starting to hire locals. Companies operating abroad are realizing that using expatriate employees is not a permanent solution. They are often expensive and unable to translate their skills to the new environment. In a company that operates globally, it is important that the company knows how to relate to local markets, and a great way to do this is by hiring local talent. Hiring locally is cheaper, there is no language barrier and they are used to the business environment in the area(5). They can also help the company by providing a new perspective on international markets and offering ways in which the company can improve its diversity abroad… middle of paper… serve people and energize local communities. economy. These local employees also help bring a stronger aspect of globalism that promotes new and innovative business strategies and techniques. BuzzTronics is constantly looking to the future, and the best way to do that is to think and hire globally. Works Cited1)http://diversityinc.com/diversity-management/proof-that-diversity-drives-innovation/2)http://www.thecoca-colacompany.com/citizenship/diversity_council.html3)http://diversityinc .com/the-2011-diversityinc-top-50/no-8-deloitte/4)http://diversityinc.com /the-2011-diversityinc-top-50/no-3-pricewaterhousecoopers/5)http:/ /webcache.googleusercontent.com/search?q=cache:kao-G4H5tWsJ:www.shrm.org/Publications/StaffingManagementMagazine/EditorialContent /Pages/0709overman.aspx+hiring+from+local+communities+overseas&cd=9&hl=en&ct =clnk&gl=us