Question

Conduct a research on any business of your choice and answer the following questions. Name any FIVE diversity issues that affect the chosen business.

Answer 1

Five diversity issues impacting businesses include earnings gaps based on race and gender, discrimination in a competitive market, lack of inclusive practices, language and cultural barriers, and the need to comply with U.S. public policies aimed at reducing discrimination.

Step-by-step explanation:

Diversity Issues Affecting Businesses

When conducting research on a business, five key diversity issues often come to the forefront, impacting operations and workplace dynamics. These diversity issues include:

1. Earnings Gaps based on race and gender, where workers from certain demographic groups are paid less compared to others for the same job.
2. Discrimination in hiring, promotions, and workplace culture, which can affect a company's reputation and ultimately its bottom line in a competitive market.
3. Lack of inclusionary practices that can prevent a business from realizing the full potential of a diverse workforce.
4. Language barriers and cultural misunderstandings can hinder effective communication and collaboration among employees.
5. Compliance with U.S. public policies designed to reduce discrimination, impacting operations with additional regulations and potential penalties for non-compliance.

Addressing these diversity issues not only helps to create a more equitable environment but also can benefit businesses by attracting a wider customer base, fostering innovation through diverse perspectives, and improving employee satisfaction and retention.