Topics explored in the report include:
VC funding gap
Gender pay gap
Opportunities for growth
Mentorship Work/life balance
Parental leave & benefits
The survey was open to everyone who works in the tech industry— women, men, and people of all other gender identities. TrustRadius invited its global audience and their networks to take part. We also made a donation to nonprofit organization Girls Who Code on behalf of participants to thank them for their time.
Here are some of the key findings from the TrustRadius 2020 Women in Tech Report.
2020 Women in Tech Statistics
VC Funding Gap
There is a serious gap in venture capital funding for women-owned startups. Women-founded companies only received 2.3% of VC investment. 58% of women in tech find the VC funding gap very concerning, versus just 31% of men.
Women are 36% more likely to cite underrepresentation at VC firms as a factor. Women are 18% more likely to cite sexism/discrimination as a reason for the VC funding gap.
Gender Pay Gap
The gender pay gap is a persistent issue that affects the personal finances of women in the tech industry. Women who experience the gender pay gap often struggle to negotiate and get visibility into male peers’ salaries.
In 2019, women working in the tech industry earned 94.6 cents for every dollar earned by a man working in the tech industry. The gender pay gap exists across industries with tech coming in below average.
The average for all industries is women earning 95.1 cents on the dollar.
Men’s and women’s perceptions differ on the wage gap. 45% more women think discrimination and bias is the cause of the wage gap in tech. Men are 3x as likely as women to think that the wage gap is because of a difference in job performance. Only 8% of women agree!
Visibility of Women in Tech
In recent years, there has been a push for more women to enter STEM fields and join the technology industry. More than 2 out of 3 tech professionals say they’ve noticed more women in the industry, compared to a few years ago.
But women are still outnumbered by men in the tech industry, and in technical roles especially. Beyond employment numbers, gender dynamics in close working relationships are imbalanced. The typical meeting in the tech industry includes at least three men for every one woman. Less than 1 in 4 women experience equal gender representation in meetings.
The ratio of men to women is highest in Engineering departments. 51% of women engineers say a typical meeting includes five or more men for every one woman.
44% of women say there are almost always other women in meetings with them. 11% of women say there are almost never other women in meetings with them. 2 in 5 say there are sometimes other women in meetings with them.
Around 3 in 4 tech professionals say parental leave benefits are a fairly or very important factor in deciding where they want to work. Women are 28% more likely to weigh parental leave benefits very stron