The Impact of Workforce Diversity on Organization Performance The Case of Elsewedy Cables Ethiopia PLC
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Date
2022-06
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Addis Ababa University
Abstract
The overarching aim of the study was to examine the effects of workforce diversity on the organizational performance of Elsewedy Cables Ethiopia PLC. The investigation of how age, gender, and ethnic diversity impact the performance of Elsewedy Cables Ethiopia PLC was one of the study's three main objectives. As a result, a descriptive research design was used since it enabled the researcher to describe the effects of organizational performance and the three types of diversity that were examined for the study. The researcher chose forty workers from different levels of the company who she thought would be able to provide the data needed for the study. According to the survey, "Educational Diversity" came out on top by a large margin, followed by "Age Diversity" and "Gender Diversity." Also included as the second and third least significant factors, respectively, were "Nationality Diversity" and "Ethnic Diversity." The study found that there were moderately strong correlations between the dependent and independent variables. Diversity in terms of age, gender, and ethnicity revealed moderately positive correlations and strongly favorable correlations, respectively. According to the study's regression analysis, the adjusted R square value of the model indicated that age, gender, and ethnic differences could account for 44.6% of the model's variation. Because of the possible effect age diversity may have on the company's creativity and innovation, the study urges managers to regard it as a source of competitive advantage. It also indicates that managers must value gender diversity and include it into their corporate strategy if they want their businesses to prosper in today's gendered society. It also implies that companies should value ethnic diversity as a resource for achieving objectives and enhancing employee job satisfaction. To fully comprehend why, in theory, variation boosts performance, more study is necessary
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Diversity, Workforce Diversity, Age Diversity