People and projects from around the PETROFAC world
Businesses that celebrate the things that make people different perform better. Let’s take a look at diversity and inclusion in Petrofac…
9 THINGS YOU NEED TO KNOW ABOUT D&I
HOW WE WORK
PUBLISHED SEPTEMBER 2020
We have been recruiting graduates since 2004 – in fact, 50% of that first intake are still with us today. In 2019, we hired another 161 graduate engineers and four IT graduates, representing 14 different nationalities and 46% of them are women.
We believe in fostering our female talent and building teams that reflect the world we live in, so we have given ourselves a target of 30% of women in senior roles by 2030. And, did you know? Higher representation of women in C-suite level positions results in 34% greater returns to shareholders (Fast Company).
What do Russia, Canada, China, United States, Brazil, Australia, India, Argentina, Kazakhstan and Algeria have in common? They are the top ten largest countries in the world and we have colleagues from each of them.
We’re truly a global organisation… we have 80 nationalities working across Petrofac, representing six continents and just over 40% of the world’s countries.
Due to our rich diversity, our colleagues mark many festivals throughout the year including Diwali, Songkran, Day of the Dead and Eid ul-Fitr. Take Day of the Dead. It’s a time of celebration and remembrance of loved ones who have passed away. The main food associated with the holiday is Pan de Muertos, a sweet bread decorated to resemble bones.
One of the smallest places our colleagues come from is Singapore – to put it in context the USA is 15,000 times bigger. Also, you might not know it, but Singapore is made up of as many as 64 islands.
19 is a key number to remember… companies that have more diverse management teams have 19% higher revenue (Boston Consulting Group), while companies with higher-than-average diversity had 19% higher innovation revenues (Harvard Business Review).
We’re proud of our diversity and inclusion, but we also understand there is still work to be done. That’s why we’ve appointed 1 new Head of Diversity and Inclusion and 2 new Diversity Champions to drive our D&I strategy forward. Meet Anna Douglas, Alison Flynn and Roberto Bertocco here.
Diversity is incredibly important in attracting new talent. In fact, 67% of job seekers say that when evaluating companies and job offers, it is important to them that the company has a diverse workforce (Glassdoor).