This document discusses the importance of workforce diversity and managing diversity effectively. It defines diversity as incorporating differences found in a multicultural workforce to increase productivity for both individuals and organizations. Managing diversity means embracing diversity in recruitment and selection, providing training, avoiding stereotypes, and creating an inclusive environment. A diverse workforce allows companies to better understand customer demographics, improve innovation, and create a more satisfied and productive employee base. The document provides examples of diversity policies and initiatives at companies like IBM, HP, Infosys, TCS and Wipro.