How would Xerox define diversity
Xerox defines diversity as a priceless resource and a key to their success. It more than just race or gender. By incorporating in a company like xerox different cultures and ways of thinking it expands the mind set of the company and leads toward creating innovative solutions and business opportunities (Xerox). How has the definition of diversity changed over the years? We live in a world where, because of the Internet and the Web, we can communicate with someone in Africa or Asia as easily as we can communicate with someone in the office next door.
A company like Xerox represents businesses all over the world, and the diversity of its employees is a big plus. Acknowledging our differences and using them as a value-added for any clients needs is one of the keys to a companies success. The economic problems that the world economy is experiencing has only added greater emphasis to our beliefs in the importance of diversity. We are all in this economic situation together. It certainly is not the time to retreat from our strong belief that diverse perspectives are essential to prospering in today's world.
What are the seven reasons why Xerox should be motivated to diversify their workforce? Illustrate how Xerox shows its values workplace diversity. Wider Talent Pool More talent will be employed at Xerox if employees of all cultures and race are hired. More Knowledge Sharing Employees can share cultural traits , market demographics and help develop companies develop robust knowledge management and market intelligence systems. Enhanced Productivity By processing varied skills , competencies and capabilities of different races and cultures, Xerox can increase its productivity worldwide (Xerox).
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Reduced Discrimination At Xerox woman and minorities make up for 52% of the workforce and 42. 5% of Xerox senior executives are women or people of color or both (Xerox). This motivates employees in a way that they feel like they are being treated equally and thus providing a better job performance. By the hiring of african americans and other employees of other cultural backgrounds they have achieved equality in their workforce (Xerox). Demographic Marketing The marketing of products and services at Xerox has become culturally and demographically segmented.
This requires the company to hire people from different backgrounds and nationalities to better serve the marketed area. Human Capital Retention Diversity has been leveraged to attract the best most heterogeneous talent it also has been harnessed to retain talent and corporate integrity. Commitment and Willingness of employees to seek Growth Xerox Provides Equal Opportunity to all employees of any cultural background and race. By doing this employees of all types are more motivated and committed to provide good job performance to seek growth in the company.
Research Question The Fortune 500 Company I chose to compare Xerox with is FedEx. While doing some research about the workforce diversity at FedEx I realized that FedEx and Xerox have much in common. FedEx as well as Xerox strives to promote the hiring of different cultures all over the world to increase their productivity and to meet the worldwide needs of their customer satisfaction. FedEx quotes that " We place a high priority on serving the needs of diverse communities; after all, we live in a country comprised of people from many different backgrounds and cultures.
To show we're serious about promoting and supporting diversity, we've spearheaded a number of diversity programs — for our employees, our suppliers, our customers and our neighborhoods (FedEx). FedEx has various diversity groups to promote cultural awareness and to ensure the inclusion of all employees, these groups include The Asian Network Group,The African-American Network Group, The Hipic Network Group, The Women's Network Group and the FedEx Gay, Bisexual,Transgender and Friends Network. Each network group operates as a separate entity, features chairperson and other group officer positions as needed, and meets monthly and sponsors/co-sponsors at least one corporate diversity forum with CCA annually (FedEx).
Comparing FedEx to Xerox I would have to say the they pretty much have the same goal in creating a successful company by the incorporating a diverse workforce and policies to provide trust and respect to their employees and by doing this they are creating more productive employees who are highly motivated to achieve the goals of the company.
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