State of Wage Inequality in the Tech Industry
Equity in Action: Preserving DEI and Salary Transparency in Tough Times
Our latest research report uses our proprietary marketplace data and surveys of employers and tech talent to examine the current trends in hiring and wage bias, opportunity and expectation gaps, and the 2022 impact on DEI in organizations. In addition, we take an in-depth look at the effects of salary transparency legislation.
Transparent salary practices empower employees, close the wage gap, and eliminate biases within compensation structures. This helps employees feel valued and empowered, propelling innovation, productivity, and retention to new heights. Plus, prioritizing diversity can lead to 36% higher financial returns (McKinsey, 2021). Whether you impact hiring as an engineering hiring manager, recruiter, CEO, or CTO, or through talent acquisition or DEI roles, you play a crucial role in shaping your company’s future.
To get the most from this new data, we’re hosting virtual events for employers and for tech workers. We’ve also created content just for tech workers and jobseekers.
Now is the time to seize this critical juncture, bridging gaps in opportunities and expectations. Embrace salary transparency and dedicate yourself to DEI principles to forge a path toward a more equitable future. Explore the possibilities and unleash the potential of both in your organization, even when times are tough. It’s the right thing to do.
– Josh Brenner, Hired CEO
3 Key Takeaways
Hiring bias continues in tech; roles only sending interview requests to men increased
After years of improvements, 2022 saw the trend reverse. For more details,
The expectation gap fuels the wage gap (in part)
In our survey of tech jobseekers and employees, only 25% of women (versus 39% of men) felt they had adequate knowledge or resources to request compensation in line with the market, their role of interest, and their skills and experience. Only 18% of men admitted they need “a lot of help” in this area, compared to 24% of women.
What’s the number one source jobseekers use to set salary expectations for a new role? Find out when you
The impact of salary transparency legislation is promising
More cities and states have initiated laws mandating the disclosure of salary bands to some degree. Based on Hired platform data, the effect is generally positive. In San Francisco, Los Angeles, and New York City, gender wage and expectation gaps narrowed.
Other major markets experienced improvements but saw representation drop. Get more details when you
About Hired
Hired is the most efficient way to fill tech and sales roles today. With unbiased insights, DEI tools, tech skill assessments, sourcing services, and dedicated Customer Success Managers, Hired works with companies around the world, placing more than 20,000 active and qualified candidates in new roles. Using better data, curated matches, and ways to reach new markets and talent with higher acceptance rates, employers save an average of 45 sourcing hours per role using Hired’s solutions suite. Backed by The Adecco Group, Hired is rated by G2 as a leader in Recruiting Automation, Job Search Sites, and Diversity Recruiting.
Methodology
This year’s research report contains proprietary data from Hired’s platform as well as survey data from 229 tech hiring leaders and 1075 tech employees and jobseekers.
For more details, including terms and definitions, please
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