The Real Cost of The Underrepresentation of Women in the Tech Industry
In 2020, it remains true that women are vastly underrepresented in the workforce across all industries. According to the Mc Kinsey "Women in the Workplace" 2020 study, men hold 62% of senior level positions in the UK, whereas, women represent just 38% of these roles! In addition to this, for every 100 men that obtained a promotion to management-level positions in 2020, only 85 women received such promotions (Mc Kinsey and Company, 2020). An alarming finding from the "Women Count 2020" study conducted by The Pipeline shows that across the FTSE 300, just 5% of firms have women in. CEO positions and less than 2 in 10 have appointed women as CFO. In fact, the 2020 study conducted by The Pipeline notes that more FTSE 100 CEOs were named "Peter" than women that actually held these senior-level positions! What is even MORE shocking is that until recently, there simply wasn't enough data to study the level of gender disparity within senior management positions...