WHY DIVERSITY IN THE TECH INDUSTRY IS IMPORTANT

Cyferd’s Strategy to Highlight Equality

WHY DIVERSITY IN THE TECH INDUSTRY IS IMPORTANT

Cyferd’s Strategy to Highlight Equality

WHY DIVERSITY IN THE TECH INDUSTRY IS IMPORTANT

Cyferd’s Strategy to Highlight
Equality

DIVERSITY IN TECH

It’s an unfortunate fact that, despite its focus on innovation and the future, the technology industry still struggles with diversityDespite the digital economy making up 15.5% of global GDP, women in tech are severely underrepresented: a report by PwC found that only 5% of leadership positions in technology companies are held by women, while 78% of students cannot name a single famous woman working in the tech sector.

Reports have shown that women often leave tech companies earlier than men, in part due to being underpaid, being underpromoted, and being more actively discriminated against. A report from Harvard Business Review even suggests that tools used in workplaces to combat inequality, such as unconscious bias training, can even exacerbate unconscious bias itselfFurthermore, the statistics are even more disheartening when you consider BAME employees in tech––currently, only around 4% of the entire UK tech workforce identify as BAME, and 74.5% of boards in the UK tech sector had no BAME members. These disheartening statistics point towards major changes that need to occur for diversity in tech, and a mass overhaul of current inclusion practices within the tech sector.

‘Creating visionary companies requires diverse thought,’ says Ranjit Bahia, the CEO of UK-based tech startup Cyferd. For him, diversity in tech has never been simply a box to tick off for promotional purposes. Everyone deserves opportunity and even more to work in an environment that’s free from discrimination.

Bahia notes that equality has always been an integral company pillar for Cyferd, noting that Cyferd actively works to hire female developers and champion female voices. As of April 2021, 36% of Cyferd employees identified as female, and that number is set to increase by the end of the month.

‘A diverse workforce is absolutely necessary to build and sustain a collaborative environment,’ adds Anne-Louise Bee, Director of Talent at Cyferd. Bee is right; a report from recruitment organization TalentLyft shows that diverse and inclusive companies are more innovative and able to solve problems faster––a necessary component for any company in the tech sector.

Bee notes that diversity within leadership positions is a top priority for Cyferd’s recruitment team, and constantly looks to innovate new avenues for sourcing diverse talent. Cyferd constantly looks toward the future; as the company grows, so will its impact on diversity in the tech sector.

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