Scenario: You are the founder and CEO of a startup firm. You are developing a pr

Question

Scenario: You are the founder and CEO of a startup firm. You are developing a product that will only be sold in the United States. You only have five employees now, but expect to grow rapidly, adding 100 this year and another 100 the following year. These employees will range from customer service representatives providing phone and web-based support to highly skilled technical employees. As you think about the growth of the company, and the need for acquiring the right talent to make the company successful. You decide the best way to plan for the future is to put your thoughts on paper.

1. You wonder about the need to focus on diversity and multiculturalism in your staffing. Provide 3-5 well-developed, thoughtful paragraphs outlining your thoughts. Be sure to explain what diversity is, what multiculturalism is, and how they are different. Is it that important to your enterprise? Why or why not? That is, what benefits would accrue to your organization by having a diverse, multicultural workforce? Will you set specific targets/goals for diversity? How would/will you recruit and select to ensure you meet your goals or develop the diversity you desire? What laws do you need to be concerned with and how will you ensure compliance?

2. You also are concerned about developing a compensation and benefit plan that is relevant, attractive, and affordable (especially to a start-up). Provide 3-5 well-developed, thoughtful paragraphs expanding on your goals for a compensation plan that meets the three criteria you have outlined (relevant, attractive, and affordable). What will be your pay philosophy (market, above market, below market) and why? Will your plan include bonuses or commissions? If bonuses, are they individual or group? Why? Will you use pay grades based on job descriptions and tenure or will your pay be merit based? Or a combination? Why? What benefits will you offer and why? Will the company pay for the benefits, share the cost with the employee, or make the employee pay the full cost? Why? As can be seen, for each decision you make, you need to explain the rationale for the decision in terms of the three criteria (and other criteria that may be important to you).

3. Knowing that the success of your firm depends on hiring and retaining motivated employees and knowing that it is expensive to hire and replace employees, you want to make sure that the talent you do recruit stays with the firm and is motivated to do their best for the firm. Provide 3-5 well-developed, thoughtful paragraphs explaining why employees leave firms, why employees stay with firms, and what motivates employees to do their best for their employer. Explain your retention and motivation strategies and plan to ensure that your best employees stay with your firm as it grows.

Explanation / Answer

There are no restrictions on who can turn into an awesome business person. You don't really require an advanced education, a pack of cash in the bank or even business experience to begin something that could turn into the following significant achievement. Be that as it may, what you do require is a solid plan and the drive to see it through.

1) Nobody needs to trust that they or their organization has predisposition, particularly philanthropic associations whose intention is to do social great. Be that as it may, it occurs. Cognizant or oblivious inclination may decrease your receptiveness to individuals who are not the same as you, and thusly, can significantly influence your contracting procedure.

a) Diversity implies understanding that every individual is one of a kind, and perceiving our individual contrasts. Multiculturalism as a political logic includes belief systems and arrangements which shift broadly, extending from the support of equivalent regard to the different societies in a general public, through strategies of advancing the upkeep of social decent variety, to approaches in which individuals of different ethnic and religious gatherings are tended to by the experts as characterized by the gathering to which they have a place.

Both are a bit different. Diversity is the genuine or seen contrasts between people. Multiculturalism is a term that is like assorted variety, yet it centers around improvement of a more noteworthy comprehension of how control in the public arena can be unequal because of race, sex, sexual introduction, power, and benefit.

b) It will be benificial for my organisation. We can learn to be more open-minded, flexible and tolerant. Groups that incorporate individuals from numerous foundations and encounters work all the more innovatively to develop and take care of issues. The more your system incorporates people from various social foundations, the more you will be innovatively empowered by various thoughts and points of view. It likewise mirrors a developing mindfulness that the world is a substantially littler place than beforehand thought and business occurs crosswise over nations and societies.

c) Yes, I will set spicific goals for diversity. As a business, I need to guarantee that there is an estimation of assorted variety at all levels and that all representatives are urged to climb in the positions. Working with a global enrollment office, or a decent variety advancing employment board like Jobbatical can help ensure this occurs.

Before I begin selecting, it is fundamental that I and my organization comprehend the genuine estimation of assorted variety. I should have the capacity to show and tell potential representatives how it has effectively functioned for my firm

d) I need to follow certain steps to achieve my goal.

i. Clear up my meaning of diversity — ensure that it envelops both the obvious and the undetectable measurements of the idea.

ii. Lead a culture evaluation of my association by using interviews, center gathering talks, or studies.

iii. At that point, utilize input from clients and pinpoint the neglected needs of any potential market gatherings.

iv. Work with an expert talent scout.

v. Build up a system and usage plan for an assorted variety/culture change activity. Remember that any culture change must be driven by senior administration, and joined into the entire association.

vi. Investigate all frameworks and procedures including enlistment, representative commitment, maintenance, advancement and execution assessment.

vii. Arrange for your selecting groups to visit schools that generally have extensive quantities of individuals from various ethnic, social, and racial foundations, ladies, and individuals with inabilities.

viii. Develop associations with assorted network associations and let them think about circumstances in your organization as they emerge.

ix. Distinguish generalizations of individuals in your industry and afterward create procedures for changing those recognitions.

x. Incorporate more comprehensive dialect and visuals in rulebooks, worker introduction, and enrollment materials.

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