Elite Group Asia has an APAC based division focused on Women in Technology, created to support technology companies to improve their gender diversity ratios and attract, acquire and retain high performing female candidates in the region.
· We focus on the support of Women in the Technology industry to attract them and support them into the appropriate opportunities and companies in the region.
· We as a Women in Technology (WiT) consultant aim to analyze Job Descriptions, Recruitment Strategies, and Interview Practices for hidden biases.
· We help create strategies and road-map to not just address the gender diversity however, retain and nurture the women talent.
Importance of Gender Diversity
Gender diversity is vital to any workplace. Not just because it’s an admirable goal or initiative; it simply makes bottom-line business sense. Following are key points pertinent to gender diversity and its importance to any organization.
- Men and women have different viewpoints, ideas, and market insights, which enables better problem solving, ultimately leading to superior performance at the business unit level.
- A gender-diverse workforce provides easier access to resources, such as various sources of credit, multiple sources of information, and wider industry knowledge.
- A gender-diverse workforce allows the company to serve an increasingly diverse customer base.
- Gender diversity helps companies attract and retain talented women. This is especially relevant as more women join the labor force around the world. Companies cannot afford to ignore 50% of the potential workforce and expect to be competitive in the global economy.
Most stakeholders today have limited to no knowledge about the makeup of corporate boards. They would be surprised to learn how little diversity of thought and experience exists in the corporate boardrooms and executive suites.
Women in Technology
In many sectors/verticals of the business world the gender gap between men and women is closing in quickly. However, the technology industry, which is already male-dominated, has been showing a recent and steady decline regarding women who find and pursue degrees in what should be a growing pool of opportunity. Coding and technology know-how is becoming a necessary component to a well-rounded career and, without female perspectives, technological advances could be subpar or irrelevant.
Hiring more women in design, product, project management, community, and leadership positions in general creates a healthier workplace. A diverse workplace is proven to get better results, more accurately reflects your customer/client base, and ensures a wider range of experience. Moreover, the perspective that women bring to workplace is much different and helps to connect with larger and diverse clientele.
Women account for less than a quarter of the engineers at most tech companies. Technical positions are more likely to lead to senior roles at tech companies. The tech industry has always been a male dominated field and though there are more women in today’s workforce, less are choosing to join the sector now than 20 years ago. Not only this, but there remains a significant pay gap between men and women and many women report everyday sexism in the workplace, which is off putting for females looking to join the sector.
Why does the Technology Industry need more women?
So the most laudable question is – Why the technology industry needs more women? Following are key points to address this question.
- Gender diversity is good for a company. Diverse teams are effective teams. A diverse group of people will always cook up a diverse set of opinions and will be able to find the best approach to any given task. They almost always outperform teams composed of “experts” because their team problem-solving will trump personal achievement.
- Fortune 500 companies with the highest representation of women on their board outperformed those with the lowest female representation by 42% return on sales.
- Women can open doors to technological advancements because they can often see the bigger picture. They tend to be design-oriented and can access the range of emotions and satisfaction levels of their consumers.
- The tech industry needs more women working in the sector to ensure there is future talent.
- Women are primed to lead in this new era of innovation.
Why are there so few women in Technology (oriented) organizations?
Following are few key reasons to fewer women in technology industry.
- Less women are studying Science, Technology, Engineering, and Mathematics (STEM) subjects so there is a lack of female tech talent.
- Hiring managers are more likely to hire people who are culturally similar to them, so a team of men are likely to hire more men with similar hobbies, interests, etc.
- Statistics show that 73% of people believe that the tech industry is sexist. And 52% say that they are aware that women are paid less than men.
- Job descriptions and hiring practices tend to be biased towards male workforce.
What’s being done to encourage women to join the Tech industry?
Changes don’t happen by themselves; they need to be initiated and inculcated as a part of an organization’s culture and behavioral aspect. The following points summarize the ways in which an organization can help reduce the gender bias/gap in its workforce.
- Revaluation of job descriptions to maintain gender equality.
- Reach out to women’s groups, and strongly consider hiring a female recruiter who is skilled in recruiting female applicants.
- Give to build a pipeline and community of talent. Sponsor events, underwrite scholarships, pay fellows or interns of the communities you are trying to reach. Start mentoring programs.
- Underwrite trainings for young developers, returning workers such as mothers, and female STEM students.
- More female role-models being championed.
- Negative stereotypes are being challenged.
- Networking and mentoring opportunities are being strengthened.
Are you a Female professional in Technology Industry?