...Explain corporate social responsibility and diversity in the modern workplace Identify how companies influence their ethics environment Valuing diversity means making decisions based on merit, encouraging different perspectives, and challenging behaviors that undermine other cultural or gender groups. Valuing diversity means developing attitudes, practices and procedures that provide genuine equality of treatment and opportunity for all employees, regardless of issues such as gender, religious belief, age, disability, sex or ethnic origin. Valuing diversity means: * Championing and progressing diversity, building a positive culture that harnesses diversity. Consistently challenging behavior/attitudes that undermine other cultural or gender groups. * Proactively supporting a meritocracy. * Being fair and objective. * Displaying sensitivity to the needs of individuals, using a broad range of interpersonal styles to suit the requirements of any situation, local environment or culture. * Encouraging a full range of perspectives and assimilating these into business decisions. When it comes to incorporating social responsibility or sustainability in the workplace, it’s not just about creating a green building or complying with green building code; it’s about creating healthy and productive workplaces for people while increasing social and shareholder value for the organization. The 100 Best Corporate Citizens list (from Corporate Responsibility Officer...
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...Corporate Social Responsibility on Workplace The concept of corporate social responsibility (CSR) that business must consider the impact of its decisions and operations on the well-being of employees and other stakeholders and not only on business owners and shareholders could influenced the development of business practices throughout the ideas of what constituted a modern workplace were first beginning to take shape. A stronger integration of social responsibility into business strategy emphasizes responsible employment practices and HR’s strategic role in communicating, protecting and maintaining business values. According to Uddin et al. (2008) social responsibility to employees extends beyond terms and conditions of the formal contract of employment. Table 1 presents the results of the analysis of the human resources related activities. The framework had fifteen disclosable items relating to human resources activities. Table 1: Selected CSR practices | CIMB Bank | | Maybank | | Public Bank | | Hong Leong Bank | Supporting local talent development | / | | / | | / | | / | Communication and engagement between management and employees | / | | / | | / | | / | Competitive remuneration (include benefits on medical and health care) | / | | / | | / | | N/A | Recognition on high performance (opportunities to performing employees) | / | | / | | / | | N/A | Thriving on workforce diversity (gender, ethnicity, culture, religion) | / | | / | | / | |...
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...Impact of Technology and Workforce Diversity on the Corporate Sector | Keerthi Purushothaman III B.A. Corporate Economics 10CEM28 | Introduction With the onset of globalization, the corporate sector has transformed in many ways. It has adopted new work policies and adapted to new technologies. The impact of technology and workforce diversity on corporates is an area of growing importance. In a multicultural nation such as India, workforce diversity has a huge impact on business. With the expanding innovations in technology, businesses are forced to explore and adapt to new technologies in order to make the processes faster and more effective. This is also important for them to be able to stay ahead of the game and face competition. Businesses today use technology in almost every facet of operation. They communicate with advanced network systems; they analyze data and plot forecasts using complicated programs; they utilize all types of digital media for marketing campaigns; and they streamline operations with new inventory and check-out systems. Technology is not without its downsides, but business cannot deny the impact it has had on every level. As we enter the 21st century, workforce diversity has become an essential business concern. In the so-called information age, the greatest assets of most companies are now on two feet (or a set of wheels). Undeniably, there is a talent war raging. No company can afford to unnecessarily restrict its ability to attract...
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...construct up the workforce of an organization, although it is also pertained in labor economics as well, for example, business segments or even whole nations. Human resources is also the name of the occupation within an organization charged with the overall responsibility for implementing strategies and policies concerning to the management of individuals (i.e. the human resources). This function title is often abbreviated to the initials "HR". Human resources are a relatively modern management term, coined as late as the 1960s. The origins of the function ascended in organizations that introduced 'welfare management' practices and also in those that adopted the principles of 'scientific management'. From these relationships emerged a fundamentally administrative management activity, coordinating an assortment of worker related processes and becoming known, in time, as the 'personnel function'. Human resources progressively became the more everyday name for this function, in the first instance in the United States as well as multinational or international corporations, reflecting the adoption of a more quantitative as well as strategic approach to workforce management, demanded by corporate management to gain a competitive advantage, utilizing limited skilled and highly skilled workers. Key roles and purposes would be, an organization's human resource management strategy should maximize return on investment in the organization's human capital...
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...Emerging trends in ob |Organizations have considerably emerged in the field of structure, operation and people in this modern era. Technical advancement has taken | |the place of manual man power. Quality based functioning is preferred than quantity based. Jobs have become instable and insecure for the | |subordinates. They have flat hierarchy and horizontal structure which based on the tasks to be accomplished. There is rapid increase in the | |competition in the market. Cross culture management has emerged which has given a considerable change in the role of sex differentiation. | |Organization has more emphasis on the sound system of training. The new systems demands for more technical issues, feedback, reference | |issues, normative issues, social feedback which helps in building an ability to perform the job efficiently. It has various features as they | |have to work on different legal, political and economic system, face tough competition from multinationals as well as from the local | |industries, need to be flexible, organizational structure is flat, prefer to appoint the people with global view, need to train multi skills | |to the employees, special training in respect of cross culture and socialization, to maintain a balance between the countries to maintain | |good relations for the sake of running effective business in their country. It is very essential to maintain global culture within the | |organizations to have...
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...Executive Summary Phenomenal growth of interest in corporate governance has emerged in recent years. The body of literature on the subject has grown markedly in response to successive waves of large corporate failures. Furthermore, there have been numerous attempts to define what constitutes ‘good corporate governance’ and to provide guidelines in order to enhance the quality of corporate governance. It must, however, be acknowledged that while everyone advocates and wants corporations to maintain ‘good corporate governance’, measuring the quality of corporate governance structures of the Australian companies has been, at best, very difficult. The major contribution of this report is to develop a simple and effective measurement model to rate the corporate governance structures of four companies. In effect, this report hopes to shed light on factors that should be taken into account in order to make sound investment decisions. The report concludes that David Jones would be the best investment decision amongst the four companies. The rest of the report is structured as follows. Section 1 details our ‘Corporate Governance Assessment Model’, comprising of six governance-related factors and associated measures. Section 2 outlines our assessment of the corporate governance quality of each of the four companies, as well a brief description of the company. Section 3 shows our firm’s conducted comparison of the four corporate governance structures. The final section includes...
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...COMPANY PROFILE Company A- FedEx Corporation FedEx Corporation is the modern air/ground express indthemtry. It was pioneered with the founding of Federal Express in 1971. The corporation was created in 1998 as FDX Corporation and became FedEx Corporation in January 2000. Mission FedEx Corporation will produce superior financial returns for its shareowners by providing high value-added logistics, transportation and related btheminess services through focthemed operating companies. Cthemtomer requirements will be met in the highest quality manner appropriate to each market segment served. The company will strive to develop mutually rewarding relationships with its employees, partners and suppliers. Safety will be the first consideration in all operations. Corporate activities will be conducted to the highest ethical and professional standards. Strategy The unique FedEx operating strategy works seamlessly - and simultaneothemly - on ftheir levels. First is to compete collectively by standing as one brand worldwide and speaking with one voice. Second is to operate independently by foctheming on their independent networks to meet distinct cthemtomer needs. Lastly is to manage collaboratively by working together to sthemtain loyal relationships with their workforce, cthemtomers and investors. Values • People: they value their people and promote diversity in their workplace and in their thinking. • Service: their absolutely, positively spirit...
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...Managing Diverse Employee at Starbucks: Focusing on the ethic and Inclusion Abstract Workforce diversity is a reality of the modern times for every organization and managing it effectively can lead to a sustainable competitive advantage. The purpose of this paper is to discuss how managers lead diverse employees in a global environment and what makes this company so unique. Effective management of diversity is not only employing diverse employees, but learning to appreciate, respect and respond to the needs, value, and beliefs of diverse employee and provide a positive work environment. Therefore, we will analyze the general environment and task forces that affect the diversity, as well as the challenges faced by Starbuck managers when managing diverse employees. Besides, the impact of diversity on the company performance will be subject of analysis through a value driven perspective. Lastly, we will identify some of the best practices for effectively managing diversity and propose some recommendations. Introduction One of the greatest challenges for managers today is managing the increase of diversity in the workplace. Diversity is defined as” dissimilarities or differences among people due to age, gender, race, ethically, religion, sexual orientation, education any characteristic that are used to distinguish between people. According to the Thompson (2005), organization who limits the kinds of people they are willing to hire, are limiting also the talent pool from...
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...Merit Awardee | Coca Cola Foundation, Inc. | Creative Writing Workshop on Children’s Books | Philippines | | | Merit Awardee | Hong Kong & Shanghai Bank Corp. Phils. (HSBC) | Model of Excellence School in Esteban Abada | Philippines | | Best CSR Policies | Winner | Union Cement Corporation | Union Social Development and Management Program | Philippines | | | Merit Awardee | Unocal Thailand | The Social Responsibility Ambassadors Program | Thailand | | | Merit Awardee | Central Azucarera Don Pedro | The Community Development Program | Philippines | | Poverty Alleviation | Winner | Hindalco Industries | Integrated Rural Poverty Alleviation Program | India | | | Merit Awardee | Allen & Overy | Supporting “Helpers from Domestic Helpers” | Hong Kong | | | Merit Awardee | Seylan Bank | Comprehensive Microfinance for Micro-sector Empowerment | Sri Lank | | Special Achievement Award | Winner | Philippine Business for Social Progress | | Philippines | 2004 | Best Workplace Practices | Winner | Hindustan Petroleum Corporation Ltd | Employee Friendly Project | India | | | Merit Awardee | Edaran Otomobil Nasional Berhad | Better Workplace, Better Performance | Malaysia | | | Merit Awardee | Johnson & Johnson (Phils.) Inc. | CREDO- Based Employee Care Program | Philippines | | | Merit...
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...Human Resources We live in a world of explosive technological change and of intense global competition. More than ever before, these pressures are forcing organizations to become more effective and efficient. Top managers are beginning to realize that organizational success depends upon careful attention to human resources. Within today's business world the focus on human resources has increased tremendously in recent years. Companies have realized the importance of human resource to administer employers relations with employees. Such human resources services involve the recruitment for a company as well as over seeing benefit and compensation packages, temporary and permanent placement of qualified workers and ensuring training and future development are observed and meet the company's qualifications. Employment policies must take into account court decisions and legislations pertaining to a wide range of issues - age, race and disability discrimination; health and safety requirements, employment security, confidentiality; and sexual harassment, to name a few. Tyson suggests that the aim of the HR strategy process is concerned with devising ways of managing people, which will assist in the achievement of organizational objectives. Within these processes HR assists management in development and implementing policies, practices and philosophies to benefit the organization. Tyson recognizes that there is a lack of importance placed on the actual process that...
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...Helping Women Climb the Ladder: How Corporations can Profit from Gender Diversity The need to make a commitment to encouraging diversity is paramount in today's business world. Executive women leadership can help corporations at the board level with success, find creative ways for face challenges, and spot talent within and outside the corporation while making the boardroom more innovative. Unfortunately, business women do not possess equal access to leadership. They face complexities not encountered by business men because of continuing uncertainties about their ability to lead. Requiring a diverse boardroom is a smart and practical way of bringing a different perspective and most assuredly value to the workplace. If every corporate board had at least one female board director, imagine the creativity and respect that would transpire. Women are working longer hours and the days of the "typical" stay at home mom are now becoming the stay at home dad. Business women have their sights on achieving an executive leadership position at the top of any corporation. Businesses must realize that there is something missing with boards being presided, managed and directed by all white males. In today's society, the word is inclusion, not exclusion, and it is robbing companies and society of talent and perspective that would benefit any firm by having the other half of the working population in the room. An integrated and diverse network of employees is a smart and practical way...
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...says, “Women hold up half the Earth.” The corporate world is on the forefront of believing these words. Women of the world today are being acknowledged as the key to economic success. Organizations all over the globe are learning the opportunities of opening up to diversity and adding women to their boardrooms. Ignoring talent in half the population is not the best method for an organization to create a successful and effective board. Urban Outfitters Inc. has not always been a top contender in the diverse corporate world. In this report, we will investigate how Urban Outfitters Inc. reluctantly took a step in the direction of updating the faces of their executive boardroom. We will discuss the challenges and changes gender diversity in the corporate work world meets. We will look at meaningful observations of board effectiveness in the boardroom and the workforce. Introduction Boardroom diversity is highly advocated by companies and investors. Boardrooms hold the main responsibility to ensure human talent planning coincides with developing policies and procedure concerning diversity and diversity issues within an organization. Boardrooms need talent management and ultramodern thinking to build company revenue. Organizations use warm and fuzzy words about diversity, yet only give lukewarm responses in practices. Diversity was sighted as a legal issue in the past; now organizations are opening up to accepting that diversity is not a legality to deal with, but instead...
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...Many decades ago, the woman’s role was a housewife and mother, and women were not entering the workforce, however, the role of women has drastically changed. Until modern time, legal and cultural practices, combined with longstanding religious and educational conventions restricted women’s entry and participation in the workforce. In today’s society, women populate approximately 47 percent of the United States labor force. While women in the workforce is a modern phenomenon, it would not be possible without the pioneers of the Women’s Rights Movement; however there are still challenges women face, such as gender discrimination. Gender discrimination is treating individuals differently in their employment specifically because the individual is a woman or a man. Currently the federal law, Title VII of the Civil Rights Act of 1964, protects individuals from discrimination based upon sex or gender. This law makes it illegal for an employer to discriminate against individuals because of their gender in the following actions: hiring, firing, and other terms and conditions of employments, such as promotions, raises, and other job opportunities. Title VII covers all private employers, state and local government, and educational institutions that employ more than 15 individuals. Even though gender discrimination is illegal for companies to discriminate against, it seems to still be an issue in the 21st century. The focus of this research paper is on gender discrimination in the...
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...Diversity: Religion and Workplace Introduction Religion is one of the biggest differences segmenting the world into different parts. There is no other reason from the dawn of time which caused more strife’s and argument among mankind than Religion. Religion can be defined as the faith or moral belief a person possess regarding the nature of being or existing the world. In the modern world there are roughly five or six major religious and yet countless other minor religions have sprung up and are continuing to spring up every day. Each believer of a religion defends and believes in it devoutly, to such an extent that he or she is willing to go towards bloodshed to defend its honor. The major religions of the world include, Islamic, Christianity, Hinduism, Atheism, Judaism, etc. These religions include the set of guidelines for the individuals on which to base their lives. The major religions all dictate that there is a Higher Entity, or God which governs the world and the Universe and all that is contains is it plaything and all the living creatures are its subjects (Trent, 2007). Such devout belief and intolerance against one’s faith becomes a very volatile subject and can become the cause of a major strike in an organization. Any good and reputed organization employees a variety of people all belonging to different backgrounds. Some of these religions might be major while some might be the minor ones. In such a scenario, the minority religion often suffers under...
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...Brief History of Human Resources and HR Management Human Resources is a business function, which manages, leads, facilitates and provides tools for the human capital management in the organization. HR sets strategic processes and procedures, runs difficult and complex communication campaigns as the organization attracts the best talents from the job market, retains them with the attractive compensation packages or it develops them in talent development programs. HR runs many processes, which are crucial for the modern organization. We cannot believe that the successful business could exist without the Recruitment and Staffing, Compensation and Benefits, Training and Development or the Leadership Development. However, in the past the companies did not use any of the HR value added processes. The story of Human Resources started as evidence of all employees. It dealt with issues and requests. Nothing more was expected to be delivered. The HR Management history is fascinating. The wars usually change the path of Human Resources in organizations and society. The history of Human Resourcesstarts to be interesting with the evolution of the large factories. It was in the 18th century. The rapid development of new industrial approach to work changed the world dramatically. The quick and cheap production became a priority for many industries. The factories hired thousands of workers, who worked up to 16 hours a day. Soon, many entrepreneurs discovered that satisfied employees are more...
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