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Workplace Diversity Pays: Research Links Diversity with Increased Sales Revenue and Profits, More Customers
Workplace diversity is among the most important predictors of a business’ sales revenue, customer numbers and profitability, according to research to be published in the April issue of the American Sociological Review. In one of only a few studies to empirically examine the implications of organizational diversity, sociologist Cedric Herring found that a workforce comprised of employees of both genders and varying racial backgrounds resulted in positive business outcomes.
Industrial-organizational psychology is a specialized science that is finding its way into corporate decision-making. As business organizations struggle in today’s troubled economy, which has led to declining revenues, weakened customer bases, layoffs, operational cutbacks and other drastic measures, many firms are relying on industrial-organizational psychologists to help them navigate through difficult times and position themselves for better days ahead.
Amid the current economic turmoil, the debate over CEO pay has intensified. Now more than ever, the propriety of large salaries and bonuses for CEOs is leading people to ask, “Are CEOs overpaid?”
WASHINGTON, DC. – Responding to the sharp economic downturn facing the nation, a group of seven leading nonprofits that offer lending and support services to small businesses are taking swift actions to help entrepreneurs challenged by higher costs, declining sales, and tightening credit. Leaders of the seven organizations came together last month in Albuquerque, NM, to share their approaches, including:
The Declaration of Independence may proclaim that all men are created equal, but American whites tend to distribute their prejudice unequally toward certain members of minority groups, according to new research. A series of six studies conducted by University of Washington and Michigan State University psychologists shows that whites react more negatively to racial minority individuals who strongly identify with their racial group than to racial minority individuals who don't.
Late Friday, the U.S. Senate approved a pared back stimulus bill of approximately $827 billion, down from the over $900 billion bill passed by the House. This bill is in response to the deepest decline in gross domestic product and employment since 1974. The Senate bill eliminated several features including funding for computerized health records, Medicaid funding to the states, and tax breaks ...