'Companies not focusing on these things are missing out on hiring the best people.”
Britain’s technology industry is booming. Its tech firms attracted more than £6bn of venture capital funding in 2018, according to Tech Nation, more than any other European country. Around 80% of tech investment in the UK is in fast-growing businesses, creating new jobs, revolutionary products and innovative services. Yet, women are missing out on this entrepreneurial success, making up just 17% of of IT specialists in the UK.
Vanessa Vallely, founder of membership organisation WeAreTechWomen, believes the problems start at school, but points out that even those who break into the tech industry struggle. This view is borne out by past research by Harvard Business Review, which indicated that US women working in science, engineering and technology fields were 45% more likely than their male colleagues to quit within a year of taking a job. Vallely says: “Women just aren’t getting promoted into senior tech roles.
“As in other industries, women in tech often won’t apply for a job if they don’t feel they’re 100% qualified or have exactly the right experience,” she says. “As a result, women end up moving horizontally where their male peers progress.”
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