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Diverse workforce
The European Commission says that the number of people
aged 65-79 will increase by 37% between 2010 and
2030, while there will be a 16% drop in those aged between
25 and 39.
The workforce has become much more diverse, with more
women and people from overseas coming into the labour
market all the time.
Failing to take advantage of this wider range of talents and
skills could be very costly for an organisation.
Economic costs
The National Audit Office estimates that the overall cost to
the economy from failure to fully use the talents of people
from ethnic minorities could be around £8.6 billion annually.
In addition, organisations that provide goods and services to
the public sector will have to provide evidence that they not
only have equality policies but that they are being
implemented.
Competitive advantage
An organisation with a diverse range of employees is better
able to understand the needs of a wide range of
customers, and can interact with a broad client base.
It may also recruit and retain staff more easily in a labour
market that is itself increasingly diverse and competitive.
Dealing with issues
If an employee brings a formal grievance against a co-
worker or the organisation, it is much easier to deal with it
using the agreed policies and procedures already in place in
the workplace.
If, however, the case went to an Employment Tribunal, one
of the first things the Tribunal would check is whether or not
the organisation had such policies and procedures in place.

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Presentation1

  • 1. Diverse workforce The European Commission says that the number of people aged 65-79 will increase by 37% between 2010 and 2030, while there will be a 16% drop in those aged between 25 and 39. The workforce has become much more diverse, with more women and people from overseas coming into the labour market all the time. Failing to take advantage of this wider range of talents and skills could be very costly for an organisation.
  • 2. Economic costs The National Audit Office estimates that the overall cost to the economy from failure to fully use the talents of people from ethnic minorities could be around £8.6 billion annually. In addition, organisations that provide goods and services to the public sector will have to provide evidence that they not only have equality policies but that they are being implemented.
  • 3. Competitive advantage An organisation with a diverse range of employees is better able to understand the needs of a wide range of customers, and can interact with a broad client base. It may also recruit and retain staff more easily in a labour market that is itself increasingly diverse and competitive.
  • 4. Dealing with issues If an employee brings a formal grievance against a co- worker or the organisation, it is much easier to deal with it using the agreed policies and procedures already in place in the workplace. If, however, the case went to an Employment Tribunal, one of the first things the Tribunal would check is whether or not the organisation had such policies and procedures in place.