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In: Accounting

What advantages accrue to companies that have a diverse workforce? Are there disadvantages associated with diversity?...

What advantages accrue to companies that have a diverse workforce? Are there disadvantages associated with diversity? Explain.

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Expert Solution

Advantages accrue to companies that have a diverse workforce:-

1. Innovation creation:- Mix culture brings numerous ideas which will act as a harbinger of innovation.

2. New doors for business opened up:- Diversity brings the options of doing business in different countries because new clients can be catered in their own local language.

3.Improved employee performance:- Employee performance increases because of healthy employees relationship.

Disadvantages of diversity in the workplace:-

1. Problems of plenty of opinions:- Diversity brings lots of opinions which is difficult to address.

2. Communication problems:- Because most people have dual language skills but they are not fluent in official language

3. Visa problems also happen because getting a work permit is not an easy job.

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