Bridging the Gender and Wage Gap for Women in Tech
An increasing number of women have joined the US labor force over the past 40 years. From representing a mere 38% in 1972, women today comprise 59% of US workers. Given the tremendous strides women have made in terms of the overall workforce, why then, do they represent just 30% of technology professionals? And furthermore, why do they still make just 78 cents to the dollar doing the same job as their male counterparts? As a proud supporter of women in tech, Hired wants to shed light on this issue in an effort to drive change.
To do so, we’ve joined forces with Women Who Code (WWCode), a global nonprofit dedicated to inspiring women to excel in technology careers. WWCode offers free technical trainings, networking opportunities, and guidance to propel women into leadership roles within the tech industry. Their community of over 30,000 members spans 50 cities and 18 countries, creating a powerful global influence. By analyzing trends we see in our data, we can help our community as well as WWCode members make better informed decisions when it comes to finding and accepting tech job offers.
First, we have to look into our marketplace data to diagnose why the gender and wage gap in tech prevails. The hiring patterns uncovered inform us how we should be educating our audience to not only get jobs in tech, but earn the compensation they deserve. The following numbers are drawn from individuals based in San Francisco who are using Hired to find new job opportunities.
The Application (and thus Gender) Gap
The first thing we notice is a very strong lack of female applicants for tech jobs. Eighty-seven percent of software engineers looking for jobs using Hired’s marketplace in San Francisco are male. However, the women using Hired receive 10% more interview requests from companies than their male counterparts. Clearly, companies are very interested in hiring female engineers.
Takeaway: Don’t be hesitant about putting yourself out there – women are in demand!
The Knowledge (and thus Wage) Gap
Female software engineers are setting their preferred salary approximately 10% less than male software engineers. When women continue to lowball their preferred salaries, the wage gap is perpetuated. That’s why understanding your value is so incredibly important. Hired offers each candidate a Talent Advocate, who helps guide salary discussions based on skills and experience. The result: there’s a significant increase in women’s preferred salaries, which are being met if not exceeded, by employers.
Takeaway: Understand your worth. You may be more valuable than you know.
We’re ready to go full throttle to get women the opportunities and compensation they deserve, and WWCode is our microphone to help educate thousands of women.
Here’s what some Women Who Code members are saying about working with Hired:
Are you a female engineer ready for your next adventure? Check out Hired today!