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Women in Tech Myths
- 1. STEP UP to tackle the Myths March 16th, 2015 Queens College, NYC Women, Technology, & the Internet Culture Anitha Raj
- 2. Welcome • Anitha Raj Introduction • State of Technology industry • Women in Technology & Internet Culture • Myths Vs Facts • Strategies to tackle them • STEP UP
- 3. Anitha Raj Introduction • Myth- Tech Industry gender gap • Myth- no Education to work in tech • Myth- Entrepreneurs are usually men • Myth- Balancing work and family • Myth- Traveling when you have kids • Myth- Doing it all
- 4. State of Technology Industry • By 2020= 1.4 million computer science jobs • Women= 26% of the tech industry workforce • Bachelor's degrees= 60% women/computer science= 12% • Venture capital funding= 7% to women-owned businesses • Professional women earn= 73 cents to the dollar vs. men • Women= Lead adopters of technology (17%more) • IOT= $1.7 Trillion value add by 2019 for Internet Of Things
- 5. Women in Technology Myths Gender Myths 1. The childcare myth 2. The biology myth 3. The gender imbalance myth
- 6. Women in Technology Facts • 17.4% or 87 -- Fortune 500 CIOs are women as of January 1, 2015 • Five of the top 10 companies on the Fortune list have female CIOs • 24% of the top 100 companies have female CIOs
- 7. Women earn more degrees than men 60% of graduates in the US are women Source: Yale Global Online (2014)
- 8. Women make up over half the workforce Women make up 57.2% workforce Source: Bureau of Labor Statistics (2013)
- 9. Women have a lot of buying power! Women make 73% of consumer purchasing decisions in the US Women control $12 trillion in consumer spending globally Source: Corporate Counsel (2014)
- 10. Yet, few women are in boardrooms 20.6% 18.0% 16.6% 0% 20% 40% 60% 80% 100% Fortune 100 Companies Fortune 500 Companies Fortune 1000 Companies Percent of Board Seats Filled by Women in US in 2013 Women Men Source: 2020 Women on Boards, 2020 Gender Diversity Index, 2013
- 11. Smaller companies are less diverse 20.6% 18.0% 16.6% 0% 20% 40% 60% 80% 100% Fortune 100 Companies Fortune 500 Companies Fortune 1000 Companies Percent of Board Seats Filled by Women in US in 2013 Women Men Source: 2020 Women on Boards, 2020 Gender Diversity Index, 2013
- 12. Boardroom diversity still looks like this t
- 13. Boardroom diversity still looks like this
- 14. Dysfunction - Board Dynamics • Women say Not being heard and listened to • Women say Not being accepted as an equal or “In” group • Women say establishing credibility • Men say because of weaker networks and the old boys’ club • Men say lack of experience and industry knowledge • Men say bias and prejudice Harvard Business Report
- 15. Globally - Financial performance is better Credit Suisse Report • Share price outperforms by 26% over 6 years
- 16. Strategies to STEP UP- Board • Responsibility – Commit to creating gender balance • Accountability – Measure the actions • Authentic Leadership – Have quality tools & support • Use Data – Collect data of career performance
- 17. Strategies to STEP UP- Maternity • Egg-Freezing costs – Figure out if you really want kids • Surrogacy costs – Do you really need it? • LGBT families - Using nontraditional means • Maternity leave – How long?
- 18. Strategies to STEP UP- Managing • Managing down not just up • Mentor • Sponsor • Advisor
- 19. Strategies to STEP UP- Behavior • Compassionate • Cooperative • Generous • Aggressive • Competitive • Selfish
- 20. Strategies to STEP UP- Ownership • Take Risk • Build Network • Improve Perception • Stay Motivated • Expect Win
- 22. STEP UP – Engage Today! 1. Speak & Chin UP – Courage 2. Mind, Power & Own UP – Responsibility 3. Walk & Pay UP – Forward
- 23. August 8, 2015