Dynamics of CPEC: Analyzing the Diversity Management and Organizational Performance

Abstract

The current study embarks upon the mega project of China Pakistan Economic Corridor (CPEC) as it has brought in diverse workforce in business organizations of Pakistan. This does not bring opportunities and benefits for the individuals and the organizations only in Pakistan, but it also imposed some imperative challenges to face especially for the human resource management perspective to organize and manage the multifaceted human resource sector with reference to diversity element is concerned. Over the years there has been a shift to consider Workforce Diversity Management as an intentional organizational Performance Theory. This perspective needed an examination to inspect the impact of Workforce Diversity Management (WDM) on Organizational Performance (OP) of business organizations in Pakistan under new developments of China Pakistan Economic Corridor. New models for assessing WDM, including diversity of nationality, culture and ethics in business organizations have also been recognized. This study is a descriptive nature of research and the targeted population for this study are 200 employees working in business organizations engaged at different projects within our case (China Pakistan Economic Corridor) hereinafter referred to as CPEC. The Data were collected through primary source by a self-administered questionnaire. Various tests had been employed to generate results based on the proposed hypotheses. The findings show great insights related to diversity management and organizational performance. This study provides many theoretical and practical implications as well. The recommendations generated at the end of this study serve as a policy model for Pakistan’s academia, theorists, researchers to steer these findings and colors into relevant policy so that the new challenges associated with diversity management in Pakistani business firms can be effectively countered.