There’s plenty of data that shows the positive effects that result from the growing presence of women in the business world.
There’s a couple reasons why women have proven to be a positive boost for business:
- They’re half the population, which is a tremendous floodgate of talent.
- Women tend to have a different take on things, which has proven valuable. For example, women are generally more sociable and tend to excel in a group dynamic that enables them to flourish, which helps others in the group.
- Companies in the top quartile for gender diversity are 15 percent more likely to have financial returns above their respective national industry medians, according to research by McKinsey & Co.
Making the case for more women in technology
I worry, though, that similar progress in gender diversity isn’t being made in technology, a male-dominated sector. Here’s a couple reasons why I’m worried.
Women are receiving fewer STEM degrees. Over the past decade, number of women securing STEM bachelor degrees has been declining. The biggest decline was in computer science. In 2004, women received 23 percent of bachelor’s degrees awarded. In 2014 that fell to 18 percent.
Dealing with the presence of unconscious bias. Some people have an implicit bias that girls and women are not as good as boys and men in math and science.
It’s more than identity politics. A 2015 lawsuit exposed Silicon Valley’s “brogrammer” culture and how challenging that environment can be for women, which is bad for business. Why is it bad? Women are the lead adopters of technology, according to Intel researcher Genevieve Bell. Dow Jones found that successful startups have more women in senior positions than unsuccessful ones.
As more women lead businesses, the boys’ club will need to adapt. More women are starting companies, and they’re doing well. This may lead women business leaders to wonder why most of their tech divisions are dominated by men. Women can help build a more collaborative environment, which will help the old boys’ network to adapt.
On the bright side, educators see the importance of emphasizing STEM for girls. Sierra College has been holding its annual Nontraditional Employment for Women (NEW) event to encourage high school girls to consider careers in science, technology, engineering, art, and math (STEAM).
Employers are facing an ultra-connected, multi-generational, multi-ethnic, and global business world. That world needs all the talent, perspective, and insight that women offer. Encouraging girls and women to be themselves within the STEM and STEAM space is the smart thing to do.
Today’s guest contributor is Nicole McMackin, president of Irvine Technology Corporation, a firm specializing in information technology solutions and staffing. Nicole grew up in Southern California and is a graduate of the University of California, Irvine, where she earned a Bachelor of Arts degree. She sits on numerous boards, including the CHOC Children’s Families in Need, Orange County Board of Education Executive Committee, Tilly’s Life Center Board, University of California at Irvine Chancellor’s CEO Roundtable, and Young President’s Organization. She is an Honoree at the YWCA.
Image credit before quote: Pixabay