In their annual scoreboard, tracking women in digital careers, the European Commission reports that women comprise only 17% of information and communications technology (ICT) professionals, a category inclusive of hardware engineers. Those women on average earn 19% of their male counterparts. It’s a track record that leaves a lot of room for improvement.
While there have been many studies proving out the advantages of a diverse workforce, a Boston Consulting Group study of over 1,700 companies across six aspects of diversity, inclusive of gender, found that companies with greater than average total diversity had on average:
- 19% increased innovation revenue (revenue derived from new products or services)
- 9% higher EBIT margins (earnings before interest and taxes)
So, supporting and encouraging women to take up technical careers is not only important for a more equitable society, but getting high marks for diversity and inclusion also correlates to a competitive edge for companies.
In short, providing opportunities and encouragement to women to enter STEM fields and bridge the gap is not only core to good values, but it’s good business.