The Need of the Hour in the Corporate Sector

Abstract

Speedy progress in globalization has made corporates and societies very heterogeneous. The way trade is directed and the modes individuals live their work lives are being altered. With an upsurge in cross-cultural groups and foreign investments united with the alteration in social attitudes in the employees, there are rare causes why organizations currently are embracing diversity and inclusion as need of an hour to achieve improved organizational fallouts. Corporates have realized that diverse employees can contribute towards commercial developments at different organizational levels. In many ways, the function of diversity and inclusion are like two sides of the same coin. While a diverse workforce has gained popularity in organizations, most of the time its twin-component inclusion is lost. Be it in research or practice, OI remains a concept under development. Diversity awards have also become an upcoming business trend. In recent years, diversity management (DM) has shifted its focus to that of an inclusive environment.