Westpac Group's Approach to Diversity in Australian Business Culture

This presentation examines Westpac Group's diversity and inclusion initiatives within the Australian business context. It highlights Westpac's commitment to supporting Aboriginal and Torres Strait Islander people, promoting gender equality, and adhering to relevant Australian legislation like the Racial Discrimination Act. The presentation discusses the positive impacts of diversity, such as increased productivity, improved creativity, and enhanced company reputation. It also suggests ways for current employees to embrace their diverse needs through workplace flexibility, international growth opportunities, and mentorship programs. The conclusion emphasizes that organizations prioritizing diversity and flexibility achieve better business outcomes and are more equipped to solve critical problems, demonstrating the value of a diverse and inclusive workplace culture.

 One of the oldest and major banking group in Australia.
 Provides business and wealth and management services.
 The vision of the organization is to help people and
communities to grow and prosper.
 Plays a vital role in the growth of Australia economically
and socially.
 It recruited 140 Aboriginal and Torres Strait Islander
people.
 It included mandatory 50% women on recruitment list.
 It constitutes of approximate 3.3% of the Australian
population (Mitrou et al., 2014)
Westpac Group Diversity

Considered as indigenous people and accepted a such by the community where
they have lived. They have distinct culture, language and way of speaking.
ABORIGINAL AND TORRES STRAIT ISLANDER

The Racial Discrimination Act aims that Australians of all culture and
backgrounds gets equal opportunity (Watson, 2014).
The National Anti-Racism Strategy aims to promote a obvious perceptive of
racism in Australian community.
The Indigenous Health Campaign works together for the health of indigenous
people.
Justice reinvestment tens to ensure safer communities.
Government laws and regulation..

Additional special consideration
 There should be a social media platform to complain
against any kind of hatred or any discrimination.
 A community centre must be available if an individual
is harassed by his neighbors or in the society.
 Trade unions or police both must be available if an
individual complaints against any person or
organization.
 There should be a different community for complaint
for physically challenged indigenous people.

 Increase in productivity
 Improvement in creativity (Chrobot-Mason &
Aramovich, 2013)
 Increase in profits
 Improvement in employee engagement
 Reduction in employee turnover
 Improvement in company reputation
 Improvement in cultural insights
 Variant range of skills
Positive impact of diversity

Current employees can embrace their diverse needs….
Provide flexibility in the workplace (Madera, 2013)
Provide opportunities for growth internationally
Expose employees to diverse workplace situations
Mentor high prospective employees

 Therefore, from this presentation it can be stated that
workplace diversity leads to better outcome of the
business and come up with variant solutions to critical
problems or situations.
 Organizations with diversity and flexibility have
shown better results than those who do not practice
diversity in their workplace culture.
Conclusion

 Chrobot-Mason, D., & Aramovich, N. P. (2013). The psychological
benefits of creating an affirming climate for workplace diversity. Group &
Organization Management, 38(6), 659-689.
 Madera, J. M. (2013). Best practices in diversity management in customer
service organizations: an investigation of top companies cited by Diversity
Inc. Cornell Hospitality Quarterly, 54(2), 124-135.
 Mitrou, F., Cooke, M., Lawrence, D., Povah, D., Mobilia, E., Guimond, E.,
& Zubrick, S. R. (2014). Gaps in Indigenous disadvantage not closing: a
census cohort study of social determinants of health in Australia, Canada,
and New Zealand from 1981–2006. BMC Public Health, 14(1), 201.
 Watson, I. (2014). Aboriginal peoples, colonialism and international law:
Raw law. Routledge.
References