2024 McDermott Sustainability Report - Report - Page 21
Our Path
Our Approach
Environment
Social
Governance
Framework Alignment
Performance Data
2 0 2 4 S u st a i n a b i l i t y Re p o r t
OUR WORKFORCE
Fostering a workplace where individuals feel valued, respected, and empowered to contribute to our shared success
A strong, engaged workforce is pivotal to delivering engineering, procurement, construction, and installation projects safely and ef昀椀ciently. Our approach to workforce management aligns with sustainability reporting
standards, which emphasize transparency in labor conditions, diversity, equal opportunities, and employee well-being.
In line with these standards, we focus on attracting, developing, and retaining top talent, fostering an inclusive culture, and ensuring the health and well-being of our employees. We are committed to providing a
workplace where individuals feel valued, respected, and empowered to contribute to our shared success while upholding responsible business practices.
Our workforce strategy supports both long-term business resilience and our sustainability commitments, ensuring that we continue to develop and maintain a skilled, engaged workforce capable of meeting evolving
industry demands.
TALENT RECRUITMENT, RETENTION, AND DEVELOPMENT
We value our employees and believe that ethical recruitment
should be our 昀椀rst step in developing a high functioning,
committed workforce.
To achieve this goal, we must ensure that our processes are
free from discrimination and that we prevent forced labor in any
of our operations. We have no tolerance for a situation in which
jobseekers pay recruitment fees to secure jobs at McDermott. All
recruitment or labor agencies must be properly vetted.
We continue evolving our recruitment strategy to attract a diverse
and skilled workforce that supports our global operations. In 2024,
we expanded our reach by launching a new career page and
implementing Oracle Recruit, enhancing our ability to engage with
candidates ef昀椀ciently. We also rolled out the McDermott Connect
Program, offering an avenue for former employees to explore
rejoining the company.
To retain and grow our workforce, we continued with structured
career development discussions, succession planning, and
leadership programs.
Expanded training programs included:
• Project Management Academy, which provides cross-functional
training to enhance project execution capabilities.
• Quarterly business acumen sessions, covering topics such as
modularization, Power BI, and negotiation skills, with over 1,500
employees participating.
• Global Mentoring Program and psychometric assessments,
supporting career progression and team collaboration.
INCLUSION
We recognize that an inclusive workforce enhances innovation,
strengthens collaboration, and drives better business outcomes. In
building an inclusive workforce in 2024, we:
• Launched mandatory training across all professional levels.
• Piloted Inclusive Leadership training for more than 600
managers across 昀椀ve countries, equipping them with skills to
foster inclusive and high-performing teams.
• Expanded our psychological safety training beyond of昀椀ce
locations to include fabrication yards, vessels, and project sites,
impacting over 5,000 employees.
• Continued to engage with our Executive Commitee Inclusion
Council, which meets quarterly to track progress and provide
strategic guidance on workforce initiatives.
• Drove employee engagement through the efforts of our
Employee Resource Groups. Please refer to page 22 of this report
to learn more.
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