We all lose when groups of people are not being fairly represented. The WEF says the world is facing incredible challenges presented by the fourth industrial revolution and we can’t afford not to have all hands on deck. And of course, that includes women. Camila Ferreira, Premium Academy Business Manager at VanHack says “It’s time to have a diverse environment, in which everyone feels welcome”.
She thinks “having more women in tech would raise the number of role models that should increase every woman’s confidence to pursue this career, be out there and compete for great tech positions”.
Women bring strength to the tech industry
Not that we need any reminders but Wharton magazine made a nice list of reasons why we need more women in tech. They summarized the issue by saying “women strengthen the nation’s economy—and your company’s performance”.
👩💻 Women at the Helm Mean Improved Performance – A study from Catalyst suggests that companies with the most women in leadership positions perform 53% better financially (in terms of return on equity). Another study, conducted by Boston Consulting Group and the Technical University of Munich indicated that increasing the diversity of leadership teams leads to more and better innovation and improved financial performance. The research showed that companies with the greatest gender diversity generated about 34% of their revenues from innovative products and services in the most recent three-year period.
👩💻 Women Have the Purchasing Power – Women control $20 trillion of annual consumer spending in the U.S alone! Since women are strong tech users—outnumbering men on all major social media sites (except LinkedIn), for example—it’s safe to say that women are spending a significant chunk of that money on technology.
👩💻 More Women in Tech Will Close the Wage Gap Faster – Paying women the same rate as men would add half a trillion dollars to the U.S. economy.
“We need more women in technology because they have lots to share from their unique perspectives”, says Aline Bicudo, Interview Practice Manager at VanHack. “With fresh ideas and innovative solutions, women have experienced different market scenarios and will be more likely to help develop software that will be life-changing to other women.”
More is always merrier
The economic arguments are plenty and pretty strong but wait there’s more. Forbes magazine reminds us that both men and women have distinctive perspectives and having a diverse workforce allows for better and richer solutions. “Men and women bring unique ideas to the table. This enables better problem-solving. Better yet, after your company gains a reputation of having a more diverse workforce, you also gain an extremely powerful recruiting tool at your disposal”.
Women make a difference in tech
Last but not least, every woman in tech is a role model for others more to come. Any organization that is not part of this powerful movement will slack behind. Again, the WEF says that study after study proved that women want to make a difference in the world. “For example, the American Association of University Women found that women place a higher value on careers that involve helping and working with other people”.
That’s exactly how Mayara Brandão, our Head of Human Resources, feels. She says “being a woman in the tech industry in a leadership position has taught me many things. One of them is the responsibility to represent and empower women”.
Diversity is the key
Why do we need more women in tech?, for Meghan Watchorn, Head of Growth at VanHack, the answer is simple:
“Diversity is the key to launching any successful business, any successful product, or any successful team. Women often provide key insights otherwise not represented at the table. Tech is for everyone and we do it better when all genders are represented”
March marks a crucial celebration for IWD, but this is not the only month we worked at VanHack to promote diversity and inclusion. All year long, we host webinars and Hiring Events for Women to encourage and empower brilliant professionals out there to believe and give a step forward towards their dream.
Curious to learn more about the VanHack Team and how we’re working to build a more equitable workplace? Stay tuned for our Women in Tech and Leadership spotlight pieces.
🌎 VANHACK, LinkedIn Talent Awards Winner 2021, is Canada’s most respected recruitment company. With more than 1,500 hires, VanHack is on a mission of increasing diversity and creating a borderless world. So if you are a software developer looking for a job abroad, in Canada, the US, or Europe, join VanHack today. 100% free for candidates, plus you will get all the preparation you need when your profile is shortlisted.
Visit our platform to become one of our many VanHackers hired 😃
For success stories and tips about working in Canada, check out the VanHack Podcast 🎧
Learn more about 📒Premium Academy
Check out the next VanHack event 🗓