Resetting Tech Culture

Resetting Tech Culture

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  RESETTING TECHCULTURE 5strategiestokeepwomenintech A research report producedjointlyby
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  THE PROPORTION OFWOMEN IN TECH ROLES HAS DECLINED OVER THE PAST 35 YEARS CULTURE RESET | 2 20% compared to in other types of jobs Women have fallen further behind in the fields of technology, engineering and mathematics, at the very moment when tech roles are surging and vital to the US economy and its continued leadership around the globe. And half of young women who go into tech drop out by the age of 35.1 of women who take a tech role drop it by the age of 35 50% 1 Glass, J.L., Sassler, S., Levitte, Y., & Michelmore, K.M. (2013). What’s so special about STEM? A comparison of women’s retention in STEM and professional occupations. Social Forces, 92(2), 723-756. via https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4279242/
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  TWO STEPS BACK? •35% of women tech workers in 1984 vs 32% today.2 • Just 16% of engineering roles and only 27% of computing roles are held by women in the US.3 • Women leave tech roles at a 45% higher rate than men.4 • Fewer than 1 out of 5 CIOs or CTOs are women in the largest 1,000 companies.5 CULTURE RESET | 3 In spite of the efforts made encouraging girls and women to pursue technology careers, the gender imbalance is greater than it was 35 years ago*. 35%of women tech workers in 1984 32%today VS 2 Accenture Analysis of ASEC, IPUMS CPS data 3 BLS (2019); NCWIT (2019) 4 http://www.talentinnovation.org/publication.cfm?publication=1420 via https://www.forbes.com/sites/quora/2017/02/28/why-women-leave-the-tech- industry-at-a-45-higher-rate-than-men/#55b9a27e4216 5 https://www.wsj.com/articles/more-women-are-making-it-to-the-cio-level- 11556052828
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  CULTURE RESET |4 LEADERSHIP DEFINES CULTUREAND BOUNDARIES Britney, Blockchain Partnerships and Investments Lead, Tech Mentor, Speaker and Influencer
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  CURRENTLANDSCAPEFORWOMENWHO WANTTO PURSUEACAREERINTECHNOLOGY CULTURE RESET| 5 Leadership Women are 2.5x more likely to drop tech roles than other roles before 35. Women represent only 18% of CIO/CTOs.8 Workplace Percentage of women in tech roles has dropped from 35% in 1984 to 32% in 2018.7 College Only 25% of tech graduates are women, with a drop rate of 37% for tech classes vs. 30% for other programs.6 6 https://nces.ed.gov/pubs2018/2018434.pdf 7 Glass, J.L., Sassler, S., Levitte, Y., & Michelmore, K.M. (2013). What’s so special about STEM? A comparison of women’s retention in STEM and professional occupations. Social Forces, 92(2), 723-756. via https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4279242/ 8 https://www.wsj.com/articles/more-women-are-making-it-to-the-cio-level-11556052828
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  Tenley & Jasmin— Senior Tech Analysts CULTURE RESET | 6 Tech needs women. To attract and retain them, tech culture needs to change. Our joint research with Girls Who Code shows us five steps that could help us reach almost 3 million women working in tech in 2030.
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  WHAT MAKES AWORKPLACE CULTURE “INCLUSIVE”? CULTURE RESET | 7 Thecultural factorsthathelp womenthriveinthe techworkplace Bold leadership A diverse leadership team that provides role models and publishes targets Comprehensive action Policies and practices designed to level the playing field Empowering environment Respect: Employees are treated like humans; diversity and individuality actively encouraged Autonomy: Employees are given flexibility and control over how, when and where they work
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  CULTURE RESET |8 Mary, Managing Director, Tech Innovation, BOD for Women Who Code, Speaker, Advocate and Mentor WENEEDTO SUPPORT DIVERSITYOF THOUGHTAND EXPERIENCE CULTURE RESET | 8
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  INCLUSIVE COLLEGE CULTURESKEEP WOMEN INTERESTED IN TECH CAREERS We estimate that 37% of women switch away from tech majors, compared with 30% on average across all degrees.9 The upshot is that just one in four tech graduates in the US today are women.10 CULTURE RESET | 9 9 https://nces.ed.gov/pubs2018/2018434.pdf 10 Accenture Analysis of US National Centre for Education Statistics and Bureau of Labor Statistics tables In more-inclusive college cultures In less-inclusive college cultures
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  MORE-INCLUSIVE CULTURES HELP WOMENTHRIVE IN THE WORKPLACE Women leave tech for various reasons, but poor company cultureaccounts for 37%—making it the number one reason. When asked how companies could attract more people like them into tech roles, 51% of women identified workplace culture and support, alongside more role models (52%). CULTURE RESET | 10 In more-inclusive workplace cultures In less-inclusive workplace cultures
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  CULTURE RESET |11 AWOMAN INTHEROOM MEANSTHAT THEPATH HASALREADY BEENCARVED Esra, Product Innovations in Tech
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  A DIVERSE WORLDNEEDS TECH MADE BY DIVERSE PEOPLE • Among women of color at less-inclusive colleges in our survey, for instance, 55% found classes “inspiring,” versus 67% of other women. • Women of color in college tech programs are more likely to participate in women’s networks than other women in tech at the same school (63% vs. 50%), an indication that they are seeking out support that is otherwise missing. • LBT women in more-inclusive cultures (85%) are more than four times as likely to describe the workplace environment as “empowering,” compared with their peers in less-inclusive organizations (20%). CULTURE RESET | 12 Not every woman has the same experience; race and sexuality can have intersectional effects both at college level and workplace.
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  WOMEN MUCH MORELIKELY TO ADVANCE IN MORE-INCLUSIVE COMPANIES 25% 34% 45% 28% 35% 45% 40% 42% 46% LEAST INCLUSIVE AVERAGE MOST INCLUSIVE WOMEN OF COLOUR WOMEN MEN + 61% +15% + 77%PROBABILITY OF ADVANCING Increased likelihood of an employee advancing to manager level in more- vs. less-inclusive workplace cultures Copyright @ 2020 Accenture. All rights reserved. WOMEN OF COLOR Note: Numbers in chart have been rounded to zero decimal places.
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  CULTURE RESET |14 WEAREMAKING PRODUCTSTHAT ARESUITED TOEVERYONEIN THEWORLD Rumman, Responsible AI Lead. PH.D., Data Scientist, S.F. Business Times “40 Under 40”
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  BETTER WORKPLACE CULTURE BOOSTSRETENTION RATE OF WOMEN CULTURE RESET | 15 Potential increase in number of women in tech by 2030 If all organizations were as inclusive as the top 20% - and adopted just five cultural practices - it could help retain 1.4 million women in tech by 2030.
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  CULTURE RESET |16 TOP FIVE ACTION PLAN TIPS FOR RETAINING WOMAN IN TECH: Let both parents' parent Make sure women and men are encouraged to take leave and be sure they see senior leaders doing the same thing. Make senior role models a metric Companies should set targets/goals for diversity in the leadership team. Moreover, these should be published publicly to hold leaders accountable. Send women-specific reinforcements Providing women with targeted workplace support such as mentors, sponsors and employee resource networks helps compensate for an uneven playing field. Encode creativity & innovation Environments in which employees are rewarded for creativity and innovation (which we define as creating new markets, experiences, products, services, content or processes) would appeal to many women. Meet on their terms Opportunities to network with colleagues and senior leaders should be scheduled at more inclusive times. For example, planning events during working hours ensures that employees with after-work commitments can attend.
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  Read the fullreport at: www.accenture.com/ techculturereset A research report produced jointlyby