ACKNOWLEDGING GENDER DIVERSITY AND INCLUSION AS KEY TO ORGANIZATIONAL GROWTH: A REVIEW AND TRENDS

Abstract

Diversity refers to the existence of human differences on the grounds of colour, race, ethnicity, gender, identity, age, physical attributes, ethical values, nationality, education, personality, experiences and knowledge base. Inclusion, on the other hand, is the collaborative environment that enhances belongingness, participation and contribution as it provides respect to people across varying parameters of difference. Over the past few decades, workforce diversity and inclusive work practices have acquired the core position in several small, medium and large sized organizations whether national or international. Historical and current status of women workforce participation in Indian organizations reveals that a huge gap exists between the proportion of female labor force and their male counterparts. Presently, as companies have initiated to acknowledge that women constitute a significant source of human capital, it becomes essential to create female friendly workplaces to encourage gender diversity in organizations. The present scenario identifies gender diversity and inclusion of workforce as the key to business success and growth. This piece of research investigates the nuances of gender diversity and inclusion that bring out their true essence in terms of creativity and innovation, organizational reputation, productivity, decision-making, problem-solving and organizational performance as its several advantages. Additionally, the present research throws light upon the status of gender diversity in Indian organizations and the present global trends in the domain of gender diversity and inclusion as a key competitive advantage. It also attempts to bring out the reasons for acknowledging gender diversity and inclusion as a core of every organizations’ policy.