Poor management, No training and low Pay in the tech industry will result in a 31% female workforce exit in 2024
85 percent of survey respondents say there’s a gender disparity within their team, and 38 percent are dissatisfied with their growth potential (Poor management). We’re at a tipping point where the risk of attrition threatens to significantly widen an already prominent gender gap in the tech industry.
Women in the tech industry have long been underrepresented, and this year, according to a Skillsoft report, nearly a third (31 percent) of women in the technology business are considering quitting their organization within the next year. This, it claimed, is attributable to inadequate management, followed by a lack of training and improved compensation.
“85 percent of our survey respondents say there’s a gender disparity within their team, and 38 percent are dissatisfied with their growth potential. We’re at a tipping point where the risk of attrition threatens to significantly widen an already prominent gender gap in the tech industry,” said Orla Daly, Chief Information Officer, Skillsoft. “While there are more opportunities for women than ever before, leaders must provide intentional support and foster the development of critical skills so that they can thrive, lead, and push the business forward.”
According to Skillsoft’s annual Women in Tech Report, a major hurdle for women seeking careers in technology is a lack of training, particularly in advanced technologies such as generative AI (GenAI). When asked what tech-related issue they were most interested in learning about, 41% responded AI. Despite this desire, 60 percent stated they are not yet adopting AI at work, and 63 percent said they haven’t received enough training and resources to integrate the technology into their jobs.
“The involvement and empowerment of women in AI is essential to ensuring the technology is designed and implemented in ways that are equitable and inclusive,” said Orla Daly. “Diversity fosters innovation, and therefore, advancing women’s skills in AI can lead to the development of more creative and equitable solutions to business problems.”
Some other highlights from Skillsoft’s 2024 Women in Tech Report:
Power skills are key qualities for aspiring female leaders
Aside from AI, 37 percent of women in IT want to improve their leadership and management skills, while 23 percent want to learn project management. They believe that the three most critical abilities for today’s technology executives are team communication, emotional intelligence, and active listening. Furthermore, the top pieces of advice for women entering tech careers are to invest in education, identify mentors, and develop power skills.
Benefits including flexible work and professional development add significant value for talent
According to Skillsoft report, only 27% of women in technology are extremely satisfied with their careers, and 37% plan to transfer roles within the next year. Following growth potential, respondents were most dissatisfied with managerial support (29 percent), present pay (28 percent), and diversity, equity, and inclusion (25 percent).
Certifications support more confident work
According to the report’s results, 36 percent of women in technology believe they have enhanced their skills in a tech-related field by getting certificates. Half of respondents said they feel more secure when they have certificates, and a third believe they gain more trust and credibility from colleagues. Women in technology’s top three certifications are “Project Management,” “Agile and Scrum,” and “ITIL, IT Service Management.”
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