Diversity Policy for Wesfarmers

The assignment details a diversity policy for Wesfarmers, Australia's largest commercial conglomerate. The policy aims to increase workforce diversity by implementing a disability workforce diversity policy, providing training to supervisors, and recruiting disabled employees. The budget for the implementation is AU $500 (orientation), AU $2000 (training), AU $35000 (recruitment), and AU $3000 (training new joiners). Performance indicators include costs of operation, maintenance, capital, and user cost as economic indicators, and public acceptance, participation, and stimulation of sustainable behavior as socio-cultural indicators. The policy is expected to improve productivity, goodwill, and global expansion for the company.

Diversity Policy
For
Wesfarmers

INTRODUCTION
• Workforce Diversity is important for an organization to
work globally and survive in different regions.
• Wesfarmers is one of the largest commercial
conglomerate in Australia dealing with several products
like retail, groceries, chemicals, mining, and industries.
• Because of its diverse interest in business and vast area of
work the company must incorporate efficient work place
diversity.

What is work place diversity?
• Work place diversity is the ability of an organization to
support people from various race, nationality, gender,
religion, ethnicity and culture.
• Diversity helps organizations by assimilating different
ideas, viewpoints and opinions that increases the
knowledge base of the company.
• The inclusion of a diverse workforce in the management
and work process helps the company understand the
needs of the people from different culture back grounds.

About the Company
• It is one of Australia's largest conglomerate dealing with
various products like retail, groceries, chemicals, mining,
and industries.
• The company started as a farmers cooperative in 1914.
• The company has a detailed operations process and the
work force is diverse.
• However there are possibility of increasing the diversity of
the work force which will be stated here.

Potential benefits of the diversity
policy of Wesfarmers can be:
• Widening the experience and skills of the workforce pool,
from where the company can employ the best resources to
meet the organizational goals
• Provision of better alignment with the needs of the
customers from different background
• Improvement in creativity, innovation and invention, and
• Creation of a model of corporate citizenship.

Goals of the company
• To ensure the delivery of satisfactory returns to the
shareholders and stakeholders through financial gains and
efficient management system
• The diversity policies help to follow the core values, that
is, integrity, accountability, boldness and openness.
• The company has a diversified business portfolio and it
has been successful to develop a highly focused,
disciplined and unique business culture.

Disabled workforce diversity
policy
• Till now, they have focused on gender diversity and
increasing employment of indigenous people.
• From July 1, 2018, Wesfarmers will start implementing the
policy for increasing the workforce diversity by increasing
the number of disabled people in the human resources.
• It will aim to Provide training to supervisors for handling
more people with disabilities.

Budget
• As per the feedback from the Wesfarmers Board, the
budget for the all the actions are reduced. The orientation
budget will be AU $500, cost of training to the supervisors
will be AU $2000, recruitment cost will be AU $35000,
and cost of training to the new joinees will be AU $3000.

Performance indicators
• For the policy planning, various communication tools,
such as, positioning mapping, and policy influence tools,
like, 4 P’s of influence, networking, public participation
etc. can be used
• Costs of operation, maintenance, capital and user cost are
economic indicators that will measure the economic
feasibility of the policy.
• Public acceptance, participation and stimulation of
sustainable behavior are socio-cultural indicators that
measure the impact on the workforce of the company

Conclusion
• The policy devised for the company will help in further
diversifying the work force.
• This will help in long term productivity.
• The company will have increased good will.
• The company will find it helpful to expand all over the
globe.

THANK YOU!