Report: Women in Tech Feel Underpaid, Underrepresented, Underfunded

  Rassegna Stampa, Social
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“Under” was a recurring theme among the 1,000-plus women who took part in the fifth global women in tech report from Web Summit, released Wednesday—underpaid, underrepresented, and underfunded.

The respondents felt underpaid, as nearly 51% believe they are unfairly compensated compared to men.

They felt underrepresented, as more than one-half cited a lack of women in leadership roles, even though nearly 76% said they would feel empowered to pursue or hold a leadership position.

And they felt underfunded, with 29.6% calling lack of funding a major hurdle in starting a business, citing global trends of women-led startups having issues securing venture capital.

“Why do we have 1,000 women-founded startups joining us at Web Summit this year, and why does that number keep growing? This is the question that comes to mind when I see the survey results showing that women are still facing the same challenges,” Web Summit vice president of community Carolyn Quinlan said in a statement. “It’s frustrating that issues like sexism, unfair pay, imposter syndrome, and work-life balance keep appearing—it often feels like we’re stuck in the same conversations. Yet, I can’t help but feel hopeful. More women are stepping up, leading, and bringing their startups to events like Web Summit.”

Other key findings from this year’s report include:

  • 50.8% of women reported experiencing sexism in the workplace, with Web Summit noting that there has been little change in that figure in recent years.
  • 49.1% feel pressured to choose between career and family, up 7% from the 2023 report.
  • Over 75% feel the need to work harder than their male counterparts.
  • The most significant challenges cited by respondents were unconscious gender bias, balancing career and personal life, the scarcity of female role models, imposter syndrome, lack of support networks, and difficulties in funding.
  • Over 80% said a woman is in senior management at their company, with 68.2% saying that a woman occupies a seat in the C-suite.
  • Roughly 56% of women believe the industry isn’t doing enough to combat gender inequality and 69% are not satisfied with their respective governments’ efforts on that front.
  • Respondents expressed favorable views on artificial intelligence and automation, with over 68% believing that the technologies will positively impact gender equality.

Web Summit began its Women in Tech program in 2015 to address gender equality, and the organization said the number of women attending its annual event climbed from 42% in 2016 to 50.5% in 2021, remaining roughly at parity since.

Web Summit 2024 will be held in Lisbon, Portugal, Nov. 11 through 14.

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