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A diverse pool of talent provides great resources for companies in any industry to continually profit from new ideas and approaches. According to a recent Forbes article, diverse companies can become more profitable in the monetary sense, too.
A recent McKinsey report found “top-quartile companies on executive-level gender diversity worldwide had a 21 percent likelihood of outperforming their fourth-quartile industry peers on EBIT margin, and they also had a 27 percent likelihood of outperforming fourth-quartile peers on longer-term value creation, as measured using an economic-profit (EP) margin”. Bottom line, what does that mean? Gender equality pays.
Despite all of this, women are severely underrepresented in the HVACR Industry. A recent article in the News, “Women Are Actively Changing the Face of the HVACR Industry” points out that in 2017, women represented 47 percent of the U.S. labor force, but in HVACR, only 2 percent of the 448,000 people in the industry are women. As the article says, “For contractors looking to grow their workforce, numbers like these represent huge potential... and for women seeking a career in the skilled trades, it’s a win-win situation: reliable work and a job market that’s starved for talent.”