Hired's 2022 Impact Report State of Wage Inequality in the Tech Industry
Overview
Over the last couple of years, recruiting and TA teams have weathered so many challenges. Waves of attrition came at a time when many companies were ready to scale up, compounding sourcing and retention issues. Jobseekers embraced remote work, calling for better work/life balance and as companies opened roles to remote workers, discovered a much bigger talent pool. Remote work pushed companies to examine compensation for employees in diverse locales and costs of living. Striving for transparency, more companies began posting salary bands, choosing to base compensation on skills and years of experience over zip codes.
Now, as the economy continues to shift and workers, in some cases, find offers rescinded or part of layoffs, we can’t go backwards. In some cases, DEI goals overlapped nicely with remote work, allowing employers to expand their talent pool to new cities, states, and countries. Remote democratized opportunities to work in roles and for innovative companies time zones away. In some cases, DEI goals became nice-to-haves, as the emphasis was on attracting and securing talent before someone else did.
As we move forward into the second half of 2022, we encourage employers to lean into DEI initiatives regardless of the hiring pace. We strive to make hiring more equitable, efficient, and transparent for all. As a leader in diversity hiring and recruiting tools, we can help with our practices and platform features, like Diversity Goals, released last year. We found, for example, that companies with open roles using Diversity Goals more than doubled their pipeline of underrepresented candidates. These companies also had both a lower wage and expectation gap compared to those with it turned off.
Ready? We’ve got work to do,
Josh Brenner, Hired CEO
Key Takeaways
Fewer Interview Requests for Men Only
Hired data found a significant decrease in the percentage of positions which sent interview requests exclusively to male candidates.
In 2020, 42.4% of positions sent interview requests only to male candidates. In 2021, only 36.7%. This is progress, but means nearly 40% of roles are not requesting interviews with female candidates at all.
For more details, see page 6 when you .
Race Impacts the Volume of Interview Requests for Candidates
In 2021, companies continued to increase their interview requests to diverse candidates. For specific race breakdown data, see page 10 when you .
Gender Wage Gap Narrows in Many Locations - Opportunity Remains a Challenge
In the US, Denver had the narrowest reported wage gap, but the largest underrepresentation of female candidates receiving interview requests compared to male counterparts.
For more location gap data, see page 12 when you .
Wage Gap Persists for Remote Roles
Remote jobs had a wider wage and expectation gaps versus local jobs. For more details, see page 19 when you .
Webinar: July 28, 2022
Close the Gap with Advocacy & Allyship
Seeking a tech role? When looking for a new job, how will you make sure you are compensated fairly for your skills and experience? Join experts from Hired, Blacks in Technology, Ada’s List, Interview Kickstart, and Speak_ for a live panel discussion about strategies to close the wage gap, be an ally to your peers, and negotiate the salary you deserve.
Watch nowConclusion
Every year, Hired’s Impact Report finds a strong correlation between the wage gap and salary expectations of underrepresented candidates.
This report demonstrates the ongoing need for equitable hiring processes. It’s critical to prioritize this in order to reduce and eliminate wage and expectation gaps. In addition, companies who identify non-traditional talent, while nurturing diversity in their candidate pipelines, will be in a better position to move businesses forward despite volatility in the marketplace.
About Hired
Hired is the most efficient way to fill tech and sales roles today. With unbiased insights, DEI tools, skill assessments, and dedicated Customer Success Managers, Hired works with over 10,000 companies around the world to match thousands of active and qualified candidates to employ their full potential. With better data, curated matches, and higher acceptance rates, employers save an average of 45 sourcing hours per role with the Hired 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
The sixth annual report analyzes wage and expectation gaps in salary data across gender, race, age, and sexuality in the tech industry. The findings are based on Hired’s proprietary data from over 819,000 interview requests and job offers facilitated through Hired’s marketplace from over 3,900 participating companies and more than 120,000 jobseekers in the US, UK, and Canada.
For more details,
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