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The Business Case for Diversity

The Business Case for Diversity. Whenever we diminish equality of opportunity, it means we are not using some of our most valuable assets – our people – in the most productive way possible. Joseph Stiglitz, Nobel prize winner, Former World Bank Chief Economist. May 2011. Diverse Auckland.

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The Business Case for Diversity

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  1. The Business Case for Diversity

  2. Whenever we diminish equality of opportunity, it means we are not using some of our most valuable assets – our people – in the most productive way possible. Joseph Stiglitz, Nobel prize winner, Former World Bank Chief Economist. May 2011

  3. Diverse Auckland • 150+ ethnic groups live in Auckland • 44% of Aucklanders will be of Asian and Pacific Island descent by 2020 • By 2030, 330,000 will be over 65 years old and 355,000 will be under 15 • 20 new people are arriving every day • Family structures are changing

  4. Diverse Wellington • 22.9% of people in the Wellington region were born overseas • 9.5% or people are from a non-English speaking background • 159 ethnic groups • new people are arriving every day • Family structures are changing

  5. The future professional labour force • 7.4% students are Māori • 8.5% students are Pacific • 55% of students are women • 36% of students are Asian • 21% of students are over 30 • 2.6% of students have disabilities

  6. Diverse talent pool • Four generations working together • Changing family structures • Increasing number of disabled • Almost 25% of NZ’s workforce is 50-64 yrs old • Labour force decline overall particularly in 15-24 year age group • Increasingly diverse culturally and ethnically

  7. Making good business sense • Better decision making at board level • Wider talent pool • Increased adaptability • Enhanced employment and customer brand

  8. Making good business sense • Increased employee engagement and productivity • Reflects diverse markets in New Zealand and overseas • Improved staff retention and customer service

  9. What is Diversity? Dimensions of diversity 1996. Implementing Diversity by Marilyn Loden. Mc-Graw Hill Publishing, Burr Ridge, IL Military Experience Geographic Location Work Experience Age Gender Education Income Mental/Physical Abilities and Characteristic Sexual Orientation Work Style Religion Race Ethnic Heritage First Language Family Status Communication Style Organisation Role And Level Primary Dimension Secondary Dimension

  10. What is Diversity?

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