Introduction
From employee health & wellness programs to the latest performance management systems, many organizations try to implement the latest management trends in hopes of gaining a competitive advantage. Workplace diversity is one of those movements that organizations have tried to capitalize on in recent years.
The elements of diversity that are generally examined are “race, ethnicity, sex, social class, religion, nationality, and sexual identity” (Ely & Thomas, 2001). Workplace diversity encompasses the characteristics outlined in the diversity definition with the interactions of unique individuals in an organizational setting. Many organizations are embracing the diversity & inclusion movement largely because of the proclaimed business
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Alexandra Kalev, Frank Dobbin, and Erin Kelly attempted to take a look at which programs were the most effective in raising managerial diversity levels within firms for white women, black men, and black women. According to their findings, diversity programs and initiatives fall into three main categories: programs that establish responsibility, programs that attempt to change individual behavior through education, and programs that attempt to address social isolation of minorities (Kalev, Dobbin, Kelly, …show more content…
MasterCard effectively empowers its employees to drive diversity through its diversity infrastructure. Their CEO leads their Global Diversity & Inclusion Council, and they have a Chief Diversity Officer position to lead all diversity efforts for the organization. MasterCard also establishes responsibility through 8 global business resource groups dedicated to tapping into local insights for cultivating performance through diversity. For their efforts. MasterCard has been recognized by DiversityInc. Magazine as one of the Top 50 Companies for Diversity (Global Diversity and Inclusion,