Construction Industry Success Through DE&I

construction industry

The construction industry is better-managing workplace diversity. And construction companies are changing their internal cultures to promote an attitude of acceptance and respect for our differences. Diversity, equity, and inclusion (DE&I) is a workforce initiative for which McCarthy Building Companies Inc. has developed a model. The company recently appointed a DE&I vice president, Kamecia Mason.

Benefits of DE&I for Construction Industry Companies, Communities

Diversity, equity, and inclusion…is a phrase that broadly outlines the efforts an institution takes to create a more welcoming environment for people of less-privileged identities. This can mean working to ensure your upper management is not fully comprised of white men or implementing mentorship opportunities for young professionals of color in your workplace. …(These efforts) seek to create meaningful, systemic change toward more equitable environments.YW Boston

Mason has leadership experience in promoting cultural enhancement and community engagement. She says getting back to the basics of community support is one of the foundations upon which construction companies can build DE&I.

“Community” is not all about employing minority local workers or supporting a Little League team this summer (although that’s always a great thing to do!). It’s also about observing supplier diversity as well.

Recent studies reinforce the benefits of diversity, equity, and inclusion for the construction industry as well as others:

  • Companies implementing diversity programs are 70% more likely to enter new markets.
  • Companies with little-to-no diversity are 29% less likely to see above-average profits.
  • Diverse boards deliver 95% more return on equity than traditional boards/councils.
  • Gender diversity improves financial performance.
  • Inclusions and diversity initiatives generate 19% higher employee retention and loyalty.

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