INTRODUCTION Paula Lee was appointed the HR Director at Golden Trust Merchant Bank in Quebec, Canada on August 5, 2018. Being the first female HR Director and originating from the Caribbean workplace diversity was one of her priorities, and she was determined to make it happen.    LEGAL AND SOCIO-DEMOGRAPHIC CONTEXT  In 2001 there were over 700,000 immigrants in Québec, 500,000 of whom were members of visible minority groups. While at the turn of the 20th Century, most immigrants were from the United States or European countries, the percentage of immigrants from these countries gradually decreased, as immigration from Asia and other parts of the world inclusive of the Caribbean increased. Slow at first, this change became more visible in the eighties. Today, the vast majority of immigrants are Asian (including South Asians) or Black. Legislation has been adapted in order to deal with this new reality. The Canadian Charter of Rights and Freedoms, which is included in the 1982 Canadian Constitution Act, guarantees equality to every individual regardless of race, religion, national or ethnic origin, colour, sex, age or disability. The law allows, however, programs which benefit members of certain groups (such as women, aboriginals, people with disabilities and visible minorities) which have historically been subject to discrimination. In 1998, the Equal Opportunities Commission began conducting audits to access the levels of compliance by organisations.    WORKPLACE DIVERSITY IN THE BANKING SECTOR  Banks are required to deal with an increasingly diverse clientele and therefore must manage diversity at two levels: in their own workforce, as they are legally bound to do, and in the market, by fulfilling their clients’ needs.    PEOPLE’S BANK OF QUEBEC    Golden Trust Merchant Bank has 10,000 unionized employees with visible minority groups accounting for less than 6% of the workforce; the Bank’s employees were almost entirely French-speaking Quebecois. Women constituted a significant proportion of the workforce, but were under-represented in management jobs. Indeed, while over 80% of administrative and office employees were women, they represented only 18% of senior managers. Since the introduction of the first Employment Equity Act, in 1986, several employment equity plans had been devised, but none had led to any concrete changes. Paula understands that there are competent and talented people which the Bank would benefit from having in its ranks who are among the underrepresented groups. She was also convinced that, with a more diversified workforce, the Bank would be better able to respond to the needs of its increasingly diverse clientele. According to Paula, it was a matter of performing better, rather than simply complying with legal requirements.    QUESTIONS  You have been employed as the Human Resource Manager to assist Paula in convincing the Executive Team to adopt a culture of diversity. (a) Identify all the isssues the bank is currently experiencing? For example, Language Barrier which is a lack of inclusion (b) Recommended and explain three (3) strategies to manage diversity at the Golden Trust Merchant Bank to achieve the benefits mentioned above. (c) Identify the two (2) challenges you expect to encounter in implementing these strategies.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
icon
Related questions
Question

INTRODUCTION

Paula Lee was appointed the HR Director at Golden Trust Merchant Bank in Quebec, Canada on August 5, 2018. Being the first female HR Director and originating from the Caribbean workplace diversity was one of her priorities, and she was determined to make it happen. 

 

LEGAL AND SOCIO-DEMOGRAPHIC CONTEXT

 In 2001 there were over 700,000 immigrants in Québec, 500,000 of whom were members of visible minority groups. While at the turn of the 20th Century, most immigrants were from the United States or European countries, the percentage of immigrants from these countries gradually decreased, as immigration from Asia and other parts of the world inclusive of the Caribbean increased. Slow at first, this change became more visible in the eighties. Today, the vast majority of immigrants are Asian (including South Asians) or Black. Legislation has been adapted in order to deal with this new reality. The Canadian Charter of Rights and Freedoms, which is included in the 1982 Canadian Constitution Act, guarantees equality to every individual regardless of race, religion, national or ethnic origin, colour, sex, age or disability. The law allows, however, programs which benefit members of certain groups (such as women, aboriginals, people with disabilities and visible minorities) which have historically been subject to discrimination. In 1998, the Equal Opportunities Commission began conducting audits to access the levels of compliance by organisations. 

 

WORKPLACE DIVERSITY IN THE BANKING SECTOR 

Banks are required to deal with an increasingly diverse clientele and therefore must manage diversity at two levels: in their own workforce, as they are legally bound to do, and in the market, by fulfilling their clients’ needs. 

 

PEOPLE’S BANK OF QUEBEC 

 

Golden Trust Merchant Bank has 10,000 unionized employees with visible minority groups accounting for less than 6% of the workforce; the Bank’s employees were almost entirely French-speaking Quebecois. Women constituted a significant proportion of the workforce, but were under-represented in management jobs. Indeed, while over 80% of administrative and office employees were women, they represented only 18% of senior managers. Since the introduction of the first Employment Equity Act, in 1986, several employment equity plans had been devised, but none had led to any concrete changes. Paula understands that there are competent and talented people which the Bank would benefit from having in its ranks who are among the underrepresented groups. She was also convinced that, with a more diversified workforce, the Bank would be better able to respond to the needs of its increasingly diverse clientele. According to Paula, it was a matter of performing better, rather than simply complying with legal requirements. 

 

QUESTIONS 

You have been employed as the Human Resource Manager to assist Paula in convincing the Executive Team to adopt a culture of diversity. (a) Identify all the isssues the bank is currently experiencing? For example, Language Barrier which is a lack of inclusion (b) Recommended and explain three (3) strategies to manage diversity at the Golden Trust Merchant Bank to achieve the benefits mentioned above. (c) Identify the two (2) challenges you expect to encounter in implementing these strategies.

Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Similar questions
Recommended textbooks for you
Understanding Business
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON