78 how is workplace diversity beneficial to

78) How is workplace diversity beneficial to organizations from an ethical
perspective?
Answer:  From an ethical perspective, workforce diversity and effectively
managing diversity is the right thing to do. Although many societies have laws that
say it's illegal to treat diverse people unfairly, many cultures also exhibit a
strong ethical belief that diverse people should have access to equal opportunities and
be treated fairly and justly. Businesses do have an ethical imperative to build
relationships that value and enable all employees to be successful. Managers need to
view workforce diversity as a way to bring different voices to the table and to build an
environment based on trusting relationships.
Page Ref: 104
Learning Outcome:  Discuss different ways managers work with and
promote diversity in organizations; Discuss the role of ethics and social responsibility
in management
AACSB:  Multicultural and Diversity Understanding; Ethical
Understanding and Reasoning Abilities; Communication Abilities
Ch. Objective:  1
Difficulty:  Moderate
Classification:  Conceptual
79) What are the significant trends occurring in the composition of the global
workforce? What are the likely repercussions of such trends?
Answer:  According to United Nations forecasts, "The world is in
the midst of an epochal demographic shift that will reshape societies, economies, and
markets over the next century."
The total world population in 2012 is estimated to be over 7 billion individuals.
However, that number is forecasted to hit 9 billion by 2050, at which point the United
Nations predicts the total population will either stabilize or peak after growing for
centuries at an ever-accelerating rate. The main reason for this major shift is the
decline in birthrates as nations advance economically. However, in developing
countries in Africa, Asia, Latin America, the Caribbean, and Oceania, birthrates
remain high. One of the benefits is that many of these countries are likely to
experience a "demographic dividend: a rising proportion of young people
entering the workforce, driving productivity and economic growth."
The world's population is now aging at an unprecedented rate. people aged
65 and older will soon outnumber children under age 5 for the first time in history.
Also, the world's population aged 80 and over is projected to increase 233

percent by 2040. The implications of these trends for societies and businesses are
profound—from changing family structures to shifting patterns of work and
retirement to emerging economic challenges based on increasing demands on social
entitlement programs, dwindling labor supply, and declining total global savings rates.
Such demographic shifts will reshape the global workforce and organizational
workplaces.