The People Management – December 2023
This December 2023 issue focusses on Diversity & Inclusion as part of Human Resources & Higher Education theme.
The positive impact of Diversity & Inclusion is profound.
A diverse and inclusive environment establishes a sense of belonging among employees, making them feel more connected and productive. Organizations that adopt D&I practices see huge gains in the form of business results, innovation, and decision-making.
Equity and connection are values at the heart of diversity and inclusion. At its core, diversity and inclusion is intended to support different groups of individuals, such as those from different races, ethnicities, religions, abilities, genders, and sexual orientations.
Many organizations build their diversity and inclusion values and strategies into their overarching core company values, so that they are an intrinsic part of the organization’s guiding principles. Organizational change begins at the top. Senior management needs to allocate resources to D&I efforts, even in the face of uncertainty.
HR department and individual managers are responsible for enacting change and sustaining a D&Icentric culture. These groups should receive training and present a unified front that upholds D&I practices while measuring the company’s progress toward D&I goals.Higher education is one of the key drivers of growth performance, prosperity, and competitiveness in national and global economies.
Universities and other institutions not only deliver tertiary education and ongoing skills training, but also provide a bustling research environment that produces innovations with valuable commercial applications.
A knowledge-based economy is characterized by dependence on a highly-skilled, well-educated, and technically-minded workforce. It makes use of advancements in technology alongside intellectual capital to move away from material consumption and aims toward an economy built on knowledge and data.
The higher education sector is a natural partner to the knowledge-based economy. As the source of advanced learning and new information from research, universities help train the workforce of tomorrow while supporting the innovations of today.
Knowledge creation has been identified by economists as a key driver of economic growth. This is largely due to greater efficiency in various forms. Highly-skilled staff requires less supervision, are more productive, and add greater value.The higher education sector can support all aspects of continuing education and take advantage of existing relationships, such as research agreements, to bring universities and businesses closer together.
As digitization changes the landscape for working professionals, higher education can provide them with the opportunity to enhance their existing knowledge and learn new skills. For employers, this has a positive impact on productivity, output, and staff morale. It also helps companies to drive efficiency and thus profitability.
Offering professional development opportunities to employees also allows companies to identify potential leaders for the future. Staff who are receptive to continuing education and express an interest in courses that fit into their long-term career plan are the ones to watch.
For businesses, this can provide assurance that future leaders are well-trained and fully-equipped to drive continued success. The higher education sector has a wide-ranging, proven influence on the economy. Its confluence with business provides commercial value to innovation, while academic instruction and skills training help individuals and organizations to have the tools to succeed in a knowledge-based economy.
Our team at www.thepeoplemanagement.com is committed to add value to our readers by sharing Articles, Viewpoints, Latest updates, HR Tips & Suggestions, Insights from various Thought Leaders etc. & also organise Roundtable discussions on a wide range of contemporary topics.
Stay Safe, Healthy & Ahead of the game – Happy Reading & Learning in 2023!!
Aparna Sharm