Monday, May 14 2018

The Gender Pay Gap is Shrinking in Tech

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Pay Gap

 

Overall, the gender pay gap is a serious issue. Recent data suggests that women earn 81.8 percent of what a man will during the early portions of their careers.

 

Women in their 30s and 40s today are hit even harder, bringing in just 76.4 percent of what men in their age group make. Once a woman is over 45, they earn only 69.1 percent of what their male counterparts receive.

 

While recent legal rulings are working to close the gender pay gap, such as by preventing employers from using a worker’s prior salary as justification for a low offer, there is still a long way to go. However, the gender pay gap isn’t as prevalent in all industries, and tech is a particular bright spot.

 

The Gender Pay Gap in Tech

Based on data from a 2016 survey, the gender pay gap in tech is shrinking.

 

In uncontrolled environments, typically considered those where bonuses are offered, men generally bring in about $1,500 more a year than women. However, the “controlled” pay gap, an approach that examines men and women who hold the same positions, the gender pay gap was calculated at just 0.8 percent.

 

In fact, women actually earn more than men in three states. In Rhode Island, female tech workers make 0.2 percent more than their male counterparts. That number was 0.6 percent in Vermont. And, in Connecticut, the gender pay gap favored women by 1.6 percent.

 

The District of Columbia also sees women out-earning mean by 0.5 percent.

 

 

Why Is Tech Coming Out Ahead?

While there are numerous factors surrounding gender pay gaps, there are some points that could explain why the tech gender pay gap is shrinking.

 

First and foremost, many women suffer in regards to earning potential because they are traditional more likely than men to take extended periods away from work to handle certain family-related matters. Additionally, maternity leave can have a negative impact on a woman’s long-term salaries. But tech companies are leading the way in areas like paternity leave and offering options for telecommuting. This may be making it easier for women to balance their obligations, ensuring they keep pace with their male counterparts.

 

Additionally, low unemployment could be leveling the playing field. In tech, unemployment is usually well below the national average. This means companies have to compete for top talent and offering a respectable salary is a method for attracting candidates. Diversity programs may also have helped women close the gender pay gap.

 

Ultimately, there is no single factor that has helped close the gender pay gap in tech, but it does serve as an example that achieving equal wages is possible.

 

If you would like to know more about the gender pay gap in tech or are looking for high-quality candidates to fill your vacant positions, the experienced professionals at The Armada Group can help. Contact us to speak with one of our knowledgeable team members and see how our expertise can benefit your business today.