In many countries around the world, the workforce is becoming increasingly diverse because of the erosion of rigid political boundaries, the rapidity of travel, and the quick spread of information. Propelled by globalism, the world labor force is undergoing considerable change as a result of (I) the increasing movement across borders of workers at all skill levels; (2. the rising average age of employees; and (3. the addition of great numbers of women to the workforce (particularly in developing countries), many with higher levels of education. In the United States, for example, demographic information from the -Bureau of Labor Statistics indicates that, by the year 2050, Hispanic Americans will represent 2 percent, and Asian/Pacific Americans 9 percent, of the U.S. population.24 Thus, workforce diversity is becoming a crucial managerial issue. In essence, cross-cultural management worldwide is as much the task of managing multiculturalism at home as it is of managing a workforce in a foreign country. In fact, it often means both: managers operating in a foreign environment also manage a culturally diverse local workforce.
Effective management increasingly depends on the ability to design and implement programs, throughout an organization, that value diversity and pluralism. Such programs enable the organization to enjoy the benefits of multiculturalism, including the possibility of more creativity, innovation, and flexibility; they heighten sensitivity to foreign customers, and provide a greater and more varied pool of talent.
Workforce Diversity : Economic article from Global Management Catagory Workforce Diversity
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