Wesfarmers: A Report on Workforce Diversity Policy and Implementation

This report provides an overview of Wesfarmers' diversity policy, examining its significance and implementation within the company. It begins by defining workplace diversity and highlighting its benefits, such as increased innovation and better alignment with customer needs. The report outlines Wesfarmers' goals, which include enhancing shareholder value and upholding core values through a diversified business portfolio. It details the company's current focus on gender and indigenous people diversity, as well as its plans to incorporate a policy for disabled employees. The report includes budget allocations for various initiatives, such as supervisor training and recruitment, along with performance indicators to measure the policy's success. The conclusion emphasizes the potential for increased productivity, improved goodwill, and global expansion as a result of the implemented diversity policy.

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!