Culturally Diverse Workforce
Day by day our nation is becoming increasingly diverse. Organizations, which run a culturally diverse workforce, have the advantage to experience a greater range of ideas, which would bring the organization a higher than normal yield, due to stronger business results. It is important that organizations learn to embrace workplace diversity to successfully thrive in today's highly competitive global market, while providing independent development among their employees on a broader scale.
The need for a diverse workforce is part and parcel of the human resource requirements associated with successful continuous quality improvement initiatives. A diverse workforce in which the contributions of each member?faculty, staff, or administrator, are respected and valued is an institution's most important asset. Such a workforce is able to synthesize a variety of perspectives and processes for the successful completion of tasks. Employers can build on established individual and group strengths and develop policies that create an environment to get the best out of each individual. (Penn State University)
Socioeconomic Status
Socioeconomic status is an individual's or group's position within a hierarchical social structure. Socioeconomic status depends on a combination of variables, including occupation, education, income, wealth, and place of residence. Sociologists often use socioeconomic status as a means of predicting behavior. (The New Dictionary of Cultural Literacy). The socioeconomic status is often used to gage one's financial position; however, there is no definite way to measure an individual's status. There are educated individuals with l ...