The tech industry has kicked off 2024 with a wave of mass layoffs, and unfortunately, women are bearing the brunt of these job cuts. According to a recent report by NTT Data, women are 1.6 times more likely to be laid off in the tech sector compared to their male counterparts, as highlighted by statistics from the WomenTech Network.
Read the article: https://www.hrreporter.com/focus-ar...n-planning/how-to-retain-women-in-tech/386726
Why Are Women Leaving Tech?
The issue isn't just about layoffs; many women are also choosing to leave the tech industry on their own. Nearly 57% of women in Technology, Media, and Telecom (TMT) plan to leave their jobs within the next two years, citing poor work/life balance as a primary reason, according to WomenTech.How Can We Retain Women in Tech?
NTT Data offers several strategies to help employers retain women in the tech industry:- Encourage Mothers Back into the Workforce
- There is a significant amount of untapped talent among mothers who have left the workforce. Companies should focus on accommodating these individuals, offering flexible work arrangements and part-time opportunities to attract them back.
- Use an “Employee First” Strategy to Fill the Skills Gap
- Employers should invest in training opportunities to help their current employees grow. This approach not only fills the skills gap but also makes employees feel valued and capable of advancing their careers within the organization.
- Create a Gender-Inclusive Environment
- A diverse team brings different perspectives and innovative solutions to challenges. Employers should start by revising their hiring practices to ensure they are inclusive.
- It's also crucial to look internally and promote deserving individuals to higher positions, fostering a culture of growth and inclusivity.
Conclusion
The tech industry must proactively address the gender disparity in layoffs and retention. By encouraging mothers back into the workforce, adopting an "employee first" strategy, and creating a gender-inclusive environment, companies can retain talented women and build a more diverse and innovative workforce. Let's work together to make the tech industry a more inclusive and supportive place for everyone.Read the article: https://www.hrreporter.com/focus-ar...n-planning/how-to-retain-women-in-tech/386726