How is diversity management best described?

Diversity management is best described as a strategy to foster recognition of individual differences. This approach emphasizes understanding and valuing the diverse perspectives, backgrounds, and experiences of employees within an organization. By recognizing these individual differences, companies can create an inclusive environment that not only respects but also leverages the unique contributions of each employee. This can lead to a more innovative workforce, improved employee morale, and greater overall performance.

In contrast, the other descriptions do not capture the essence of diversity management. The notion of eliminating employees contradicts the fundamental goal of diversity management, which seeks to enhance inclusion and retention. Similarly, while assessing employee performance is an important HR function, it does not specifically pertain to the principles of diversity and inclusion. Finally, minimizing company expenses does not align with the proactive and positive nature of diversity management; rather, it is focused on cost-cutting rather than fostering a diverse and inclusive workplace culture.