Women in Tech – Time to close this Digital Divide

Women in Tech – Time to close this Digital Divide

Digital transformation is moving ahead. 

Gender gap in Digital is increasing.  

Digital transformation and technology have accelerated like never before in human history as it has evolved in the last decade or two. Although this is a step in the right direction, the numbers of gender gap equality and pay parity are heading the opposite way. Here are some numbers that will shake you up.

According to a PwC study   

  • Only 5% of leadership positions are held by women in the technology industry
  • 78% of students can’t name a famous female working in tech
  • Just 3% of females say a career in technology is their first choice


The problem goes far beyond IT

 According to a World Economic Forum report, less than one-third of female students choose to study higher education courses in subjects like math and engineering. This factor results in them being under-represented in STEM-related fields.

 Wondering why?

A big boys club approach 

Sadly, the tech industry has the stereotypical thinking of IT being a “for boys only” club. This outlook is prevalent mainly amongst teachers, educational institutes, and the industry at large. This sexist outlook makes it less likely for girls to pursue a technology career.

Lack of inspiration and leadership 

With numbers stacked against them, there are but few women role models and leaders in the technology space.

Consider this: 

  • According to Small Business Trendsdata, only 20% of US tech jobs were held by women.
  • According to Entelo, one of the leading recruitment software, entry-level and mid-level roles for women account for 19 percent in the tech sector. This percentage drops to 16 percent at the senior level, and at the executive stage drops by nearly half.

This data indicates that with the growing seniority, the gender disparity widens.

Times are changing, thanks to these companies 

Deloitte has been one of the champions of diversity 

Deloitte was one of the first companies to report their gender pay gap voluntarily in 2015. Here’s what it has done ever since:

  • It has drafted a gender balance action plan, spanning the entire career lifecycle of employees
  • The enterprise also launched an industry-first return to a work internship program
  • Created sponsorship initiatives for identifying, promoting, and monitoring female talent pipelines, female senior managers, and directors
  • The company is targeting 40% female partners by 2030

Salesforce stands for Equality 

Gender equality is not just a slogan at Salesforce. It is one of the cornerstones for the company since 2015.

Here’s what they have done 

  • Created gender equality programs like the Trailblazing Women Summit, which brings together an open forum for networking and conversations
  • Conducted an equal pay audit since 2015 by spending more than USD 10 million to address the gender gap
  • Inclusive benefits like 6 months of paid parental leave, family sick time, and flexible work hours for women

Work in progress 

Salesforce has added nearly 11,000 more women in the last 5 years.

  •  36.1% of the US and 33.6% of the global workforce are women
  • Since 2019, the company has seen a 7.6% increase in the global representation of women in leadership
  • The company aims to increase the representation of women in tech, which stands at 24.3% at the moment

Accenture

Driving Innovation and Gender Equality 

This IT services giant made an agenda years ago to a culture of equality. Here is what they have done ever since:

  • To achieve a gender-balanced workforce by 2025
  • Increase the diversity of its leadership by growing the percentage of women managing directors to at least 25 percent by the end of 2020.

Here is where they stand:

    • Their workforce comprises 44 percent of women
    • The company has 24% women as managing directors
    • Julie Sweet is the current CEO of the company, which shows its strong advocacy of creating women leaders

Looking beyond

VBeyond too is deeply committed to closing the gender gap and accelerating career paths for women in times to come.

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