At Alludo, we know that diversity drives outcomes.
We know that having more perspectives to draw from fuels innovation.
You don’t have to take our word for it.
Companies with more than 30% women executives are 48% more likely to outperform companies with the least gender diversity, according to McKinsey research.
And yet, women are still underrepresented in a wide range of industries—especially women in tech and other STEM-related fields.
When women don’t have a seat at the table, the company’s leaving a lot on the table.
Women’s History Month seems like a good time to point out that we’re pretty darn proud of our table at Alludo:
To put those stats in perspective, fact-checked 2022 research from Zippia found that women hold fewer than 20%of leadership roles in the tech industry overall. Overall STEM stats are skewed by the exceptionally high level of women in health-related fields (more than 70%). The story is very different in technology. The tech industry has a long way to go, and while we’re proud of what we’ve accomplished, we know there is still room to grow—and room for us to serve as a leader in elevation of women in tech.
In a word (okay, two words): not really. Women dominated computer and technology-related fields during World War II as their male counterparts were sent to the front lines. In 1960, they held onto more than 25% of programming jobs (just one of many tech roles), according to the New York Times. To be fair, it wasn’t considered “high-status work,” and women were rarely promoted into leadership. Still, women weren’t rare in tech and weren’t discouraged from pursuing it.
Zippia reports that 40 years ago, women held 35% of tech roles. That number had dropped by 2018. Not the direction we want to be going in. Part of the problem is that, even if women enter the tech industry, many of them don’t feel comfortable sticking around. Half of all womenin tech drop out by age 35, compared with only 20% in other fields. Women leave tech jobs at a rate 45% higher than men. At 37%, “company culture” is the largest contributor.
It’s easy to be doom-and-gloom about the representation, experience, and tenure of women in tech. But this Women’s History Month we have a lot of reason to be optimistic. There is a ton of momentum around getting girls interested in STEM, like the National Girls Collaborative Project, Carnegie STEM Girls, the Girls STEM Academy at the Space Center in Houston, Million Women Mentors, and many more.
There are also companies like ours, where women are heavily represented all the way to top. We already shared some highlights, but we’re celebrating this Women’s History Month, and we can’t help sharing more. We’re a global organization, so here’s a look at our stats by country:
We’re not only optimistic, but we feel an obligation—make that an honor—to lead the way, and do so vocally. We’re genuinely excited about where we’re going and the people and organizations we can inspire along the way. It takes all of us.
Throughout this Women’s History Month, we’ll be sharing more content to celebrate the women of Alludo and all the women who inspire us. We’re glad you’re part of it.
The post Celebrating Women’s History Month and the importance of diversity in the tech industry appeared first on Alludo Blog.