Global biopharmaceutical company Pfizer believes that a diverse workforce leads

Question

Global biopharmaceutical company Pfizer believes that a diverse workforce leads to more innovative and creative thinking.The company also feels that inclusion is the foundation to the ownership culture that it wants to build among its employees.Pfizer recognized that better attracting and retaining diverse employees would require it to pay more attention to its diversity and inclusion initiatives. In addition to relying more on its worldwide diversity and inclusion leadership council comprised of senior executives from around the company, Pfizer also created employee resource groups, including people with disabilities, Latino/Hispanics, African American, and LGBT employees, to better apply their ideas to influence company results.

Questions

Why is Pfizer interested in improving diversity and inclusion at the company?

If you were in charge of diversity and inclusion at Pfizer, what would you do to further improve diversity and inclusion at the company?

Explanation / Answer

Pfizer's interest in diversity stems from the fact that diversity allows a company to not only have a number of different skillsets and point of views but the element of creativity is introduced in between the teams and this as a value can be considered to have a detrimental value. A diverse workforce brings unique solutions to the present problems of the company and therefore since it also helps a company with multinational requirements, it becomes a basic necessity.

We can say that Pfizer, just like any other organization needs to allow the human resource department to handle this situation. In the presence of a well laid out structure, the human resource department can essentially create the policies and practices that are required by the company in order to deal with the problem of insubordination or for the purpose of conflict resolution. The communication channels should be open to all, in order to determine the value of this system, periodic audits should be conducted in order to determine if the created policies are being properly executed.

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