Women and people of color are still getting paid less in tech, report finds – CNET
The wage gap along race and gender lines remains stubborn, according to a report out Wednesday from recruiting platform Hired.
Hired, which has been releasing annual wage inequality reports since 2017, found that men were offered higher salaries than women for the same job at the same company, 59% of the time. That’s down 6 percentage points from 2019, but not too far off from Hired’s first report, which pegged the number around 63%.
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And while Black, Hispanic and Asian candidates all saw some improvement in their wage gaps too, Black candidates, for example, were offered 3.9% less than baseline pay.
“Companies that won’t take meaningful steps towards lessening their wage gap risk losing out on top talent who demand forward-thinking and inclusive leaders,” said Hired CEO Josh Brenner in the report.
Hired collected the data from more than 226,000 interview requests and job offers facilitated through its platform, as well as from 10,000 companies and 245,000 job seekers.
The report comes as inequality and discrimination continue to persist in the tech industry. As companies struggle to figure out how to open up the industry to more than just white men, they’re faced with challenges that crop up at every step along the way, from creating diverse talent pools, to keeping the talent they have and promoting them up the ranks.
Other factors like location and job role might also play a role in pay gaps. The gender pay gap in London stands at 10%, which is actually higher than San Francisco which has a gap of 5%. And women software engineers are offered salaries on average 4.1% lower than their male counterparts. Women in product management roles make on average 1% more.
The report also found that women and people of color are more likely to believe there’s a wage gap at all than men. Along those lines, 36% of men report experiencing discrimination, versus 57% of women, and when white employees realize they’re experiencing a pay discrepancy, they’re more likely to get increased compensation (28% percent of the time) than Black (20%) and Hispanic employees (15%).
“In 2021, employers must take action,” Brenner said. “Tech employees today expect to be compensated based on their merit without being disadvantaged by their gender or race.”
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May 19, 2021 at 10:03AM