From Why To Why Not? Women In Tech Hold The Power
The technology industry is a male-dominated field, even though there are more women in the workforce today than ever. For some companies, hiring women in tech is just a PR stunt, and they don’t have the opinion that they can add to the company’s productivity. Well, there are several statistics to prove that wrong.
- In 2020, about 25% of big companies in the US are female. We’re talking about companies like Google, Apple, Facebook, Amazon, and Microsoft.
- 25.5% of Google’s leaders globally are women.
- 74% of girls state their interest in a career in STEM fields.
- In 2018, Apple’s annual diversity report claimed that 39% of Apple leaders under 30 were women.
- Fortune 500 companies that have at least three women in leading positions saw a 66% increase in ROI.
Aren’t these data-driven leads impressive?
Hiring for diversity implies getting different types of people with different thought processes onboard. While men pack the house, having women in the team will bring a fresher perspective to the business setting.
Peterson Institute for International Economics published a survey with 22,000 global firms. The findings of the survey were that gender diversity is profitable for companies. Another (shocking for many) finding stated that female corporate leaders performed at par with their male colleagues. Adding that to increased profits means increased skill at the management level, less gender discrimination, and the flexibility to recruit top candidates.
Further, when a company hires female tech professionals, it gets the advantage of entering into female-oriented products that lack tech innovation. The male-dominated tech industry couldn’t bat an eye towards these issues but with females in the lead, companies can tap into these profitable possibilities.
The tech world simply needs more women. We can list out more reasons but in the end, the conclusion will remain the same, women should be given a chance to mark their place in the tech industry. From every angle, a more gender-diverse workplace is better for business. Women are excelling in fields like engineers, coding, cybersecurity, and more, despite the odds being against them.
In this magazine issue of The 10 Most Impactful Women In Technology, we are hyping ten women leaders who have made their way in the tech industry in domains ranging from virtual education, cloud services, machine learning, to business intelligence and data analytics. Their journey is nothing but inspiring.