Diversity in the tech industry isn’t just an equity goal; it’s essential for innovative and competitive performance.
A diverse team brings a range of perspectives, problem-solving approaches, and creative ideas. This is crucial for driving technological advancements and solutions across an organisation. Increasing the representation of women in tech is particularly important as it adds valuable insights and skills, enhances team dynamics, and leads to more inclusive product development.
While women continue to make strides in the tech industry, they still face significant challenges, such as gender disparity, limited career advancement opportunities, and inadequate support. According to Skillsoft’s 2024 Women in Tech report, organisations are struggling to provide an inclusive environment that meets the expectations of women in tech, leading to underrepresentation and a lack of retention of female talent.
The persistent gender inequality in tech
Research has found that companies with more significant gender equity have a 48% higher chance of outperforming companies with a gender imbalance. Despite this, 46% of women surveyed in Skillsoft’s 2024 Women in Tech report said they are outnumbered by men by ratios of four-to-one or greater. When asked about the top challenges they face while pursuing a tech-related career, 46% cited ineffective leadership and management as significant barriers.
Recent McKinsey research showed a particularly significant disparity at the entry level, where only 32% of technology hardware and 43% of entry level software roles are held by women. And the higher up the ladder you go, even fewer women are represented.
Addressing this imbalance requires a concerted effort at many levels, from encouraging women to enter the STEM field, to being more deliberate in supporting women early in their career and establishing improved discipline around hiring practices. Pay and opportunity equity, as well as adequate representation, are essential to improving the working environment for women.
Empowering women to navigate the AI revolution
In the rapidly evolving world of tech, according to Skillsoft’s IT Skills and Salary Report, artificial intelligence (AI) and machine learning (ML) are the biggest areas of focus for IT leaders. However, 43% rate their teams’ AI skill set as low or somewhat low, revealing a significant gap in the skills required to leverage these technologies effectively. This gap is even more apparent among women in the field.
Skillsoft’s 2024 Women in Tech Report reveals that while 40% of women actively utilise AI in their professional roles, 63% report a lack of AI skills and training. 72% of women acknowledge that AI has increased efficiency and productivity, highlighting its transformative impact and upside potential. This underlines the importance of closing the gap in AI skills to drive individual and team productivity and capitalise on the potential for AI to enable improved business outcomes, while providing a platform for career growth and advancement.
The women surveyed recognise this potential, with 41% expressing interest in learning about analytics, AI, and ML, displaying a keen interest in acquiring the relevant skills to forge a path in this transformative field. By investing in AI education and training, businesses can support women in enhancing their career prospects and contributing to shaping the future of technology. Additionally, it presents an opportunity for women to showcase their adaptability and resilience and drive improved business outcomes, increasing their value to an organisation.
Addressing leadership challenges and building inclusive workplaces
Effective leadership is crucial in creating an inclusive workplace where all employees feel valued and supported. This begins with leaders who are committed to diversity and inclusion and who understand the unique challenges faced by women in tech. Simply being a minority group can result in women feeling left out or disengaged where their experiences or interests may not match with the majority of the group. It’s important for leaders and industry networks to recognise and take steps to mitigate this, to avoid disengagement, which contributes to the departure of female talent from tech.
Addressing the challenges women face in tech requires companies to take a holistic approach involving education, training, and accountability. Companies like Lexmark are leading the way with initiatives that help facilitate the development of diverse talent. The business developed the “Women at Work Circle Groups” Program, an internal leadership development scheme created by women for women to provide professional guidance, foster business acumen, and develop future leaders.
By investing in the development of diverse leaders, organisations can nurture an inclusive workplace culture where everyone has the opportunity to succeed.
Encouraging skills development
Skills development is the best way to stay competitive in today’s workforce. Upskilling and reskilling provide avenues for career progression, job security, and increased earning potential. Investing in education and training programs tailored to emerging industries and technologies can equip women with the skills needed to remain competitive in the job market and transition into new roles that leverage their talents and expertise.
While technical skills are critical, organisations still depend heavily on human skills like creativity, critical thinking, and problem-solving. The World Economic Forum’s Future of Jobs Report listed the top leadership competencies for 2024, and the list was primarily comprised of power skills that women naturally excel in. Women bring unique skills and fresh perspectives to leadership roles. Communication, collaboration, adaptability, and emotional intelligence are crucial in empowering women to engage with technological innovation. By leveraging these power skills, women can contribute significantly to any industry particularly tech.
Overall, achieving gender equity in tech will require sustained effort and collaboration from leaders, colleagues and training bodies alike. Women in tech can also support one another to foster a strong pipeline of future talent and empower their peers to thrive. By taking proactive steps—sustaining a high level or curiosity, pursuing learning opportunities, leveraging their unique strengths, advocating for inclusivity, and supporting each other—women can shape a future that is far more equitable and beneficial for all.
