It’s well-known that the pandemic disproportionately impacted women in the workforce. With the increased amount of caregiving necessitated by lockdowns, women, who still perform the majority of those roles, were forced to drop out of the workforce at an alarming rate.
More than two years since the start of the pandemic, there are still 808,000 fewer women in the labor force compared to February 2020. By comparison, male workers regained all jobs they had lost as a result of the pandemic by January of this year. Today, there are 693,000 more men in the labor force than in February 2020.
This situation only exacerbated an issue that tech has been grappling with for a while now, which is the lack of women within our ranks, and begs for change.
One of our mandates as HR leaders is to create teams where everyone can thrive regardless of their background, origin, or any other differentiating factors. Exposure to diversity has been proven to improve innovation, creativity and problem-solving skills — attributes that every tech company values for their ability to affect the bottom line. In fact, companies with a diverse workforce are 35% more likely to experience greater financial returns than their non-diverse counterparts.
Female hiring starts with an inclusive culture
Hiring and retention are major challenges for today’s organizations, as demand for both technical and soft skills confront the Great Resignation. An organizational culture that drives a sense of belonging in the workplace is a critical asset in this environment.
Continue reading: https://venturebeat.com/enterprise-analytics/fueling-female-hiring-in-tech/
More than two years since the start of the pandemic, there are still 808,000 fewer women in the labor force compared to February 2020. By comparison, male workers regained all jobs they had lost as a result of the pandemic by January of this year. Today, there are 693,000 more men in the labor force than in February 2020.
This situation only exacerbated an issue that tech has been grappling with for a while now, which is the lack of women within our ranks, and begs for change.
One of our mandates as HR leaders is to create teams where everyone can thrive regardless of their background, origin, or any other differentiating factors. Exposure to diversity has been proven to improve innovation, creativity and problem-solving skills — attributes that every tech company values for their ability to affect the bottom line. In fact, companies with a diverse workforce are 35% more likely to experience greater financial returns than their non-diverse counterparts.
Female hiring starts with an inclusive culture
Hiring and retention are major challenges for today’s organizations, as demand for both technical and soft skills confront the Great Resignation. An organizational culture that drives a sense of belonging in the workplace is a critical asset in this environment.
Continue reading: https://venturebeat.com/enterprise-analytics/fueling-female-hiring-in-tech/
