1. A Diverse Workforce Makes You More Competitive for Contracts with Diversity Mandates
Diversity mandates are becoming increasingly important, from federal and state contracts, to membership in industry associations. While many of these mandates are currently difficult to enforce, the trends towards diversity in heavy manufacturing and construction are clear, and having a diverse workforce will make you more competitive for these contracts when strict enforcement begins.
2. A Diverse Workforce Performs Better
McKinsey reports that teams with diverse leadership are 33% more likely to outperform non-diverse teams. Diversity brings with it different perspectives that can inform and improve decision making, leading to increased production and profitability.
3. A Diverse Workforce Allows You to Hire the Right People for the Right Job
Focusing on diversity widens the candidate pool when filling positions, which can help you hire the most qualified workers. According to Gallup, when you remove bias from interviews and hire based on talent, it leads to 70% fewer safety incidents and 59% less turnover.