A THEORETICAL STUDY ON GLOBAL WORKFORCE DIVERSITY MANAGEMENT, ITS BENEFITS AND CHALLENGES

Yana Seliverstova and Anita Pierog
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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

CrossCultural Management Journal, 2021, issue 1, 117-124

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.

Keywords: Multiculturalism; Equality; Equal employment opportunity; Organisational culture; HRM (search for similar items in EconPapers)
JEL-codes: J50 M12 M14 M54 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:cmj:journl:y:2021:i:1:p:117-124

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