How 2020 can be a tipping point for women in STEM

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As we welcome 2020 with ambitions set high for greater diversity and inclusion in the workforce, it provides us with an opportunity to reset our goals for the year ahead.

Girls in Tech is committed to leveling the playing field for women in STEM, helping tens of thousands of individuals every year achieve their greatest professional potential. I founded the organization more than a decade ago after I — as the lone female executive working at a Silicon Valley startup — endured daily discrimination and harassment simply because of my gender. Out of the helplessness grew a passion to help other women navigate the male-dominated industry.

While many organizations — notably arts and entertainment institutions influenced heavily by the Me Too Movement and Time’s Up movement — are striving for 50/50 gender equality by 2020, the unfortunate reality is that the tech industry has a long way to go to get anywhere near this number. It’s predicted the tech industry won’t near gender equality until closer to 2025.

But progress is happening. Many organizations now have leadership positions focused on Diversity and Inclusion (D&I); take Lesley Slaton Brown, Chief Diversity Officer of HP, Inc., who, for more than a decade, has helped make HP one of the most diverse and inclusive organizations in the tech industry. Another great leader in the space is Twitter’s VP of Diversity and Inclusion Candi Castleberry Singleton, who aims for organizational change that builds D&I into core business practices. With the leadership of executives in D&I roles and companies that are committed to embracing change, we can get there.

There is good reason to speed up the pace. A recent study by BCG suggests that “increasing the diversity of leadership teams leads to more and better innovation and improved financial performance.” BCG looked at 1,700 different companies across 8 different countries, with varying industries and company sizes. The study found that increasing diversity directly impacts the bottom line. In fact, the report found that companies with more diverse management teams have 19% higher revenue due to innovation.

This finding is huge for tech companies, startups and industries where innovation is the engine of growth. Clearly, D&I is more than just a metric to tick off on a list of “to-dos,” but it’s an integral part of a profitable business. Simply stated, more diversity equals to more money.

So how do we get there as individuals? I’ve learned a lot during my journey from startup exec to founder and hope these tips will be useful as you embark on your own career.

And finally, remember to throw the ladder back down and help other young women reach for the stars by sharing the resources and insights you’ve learned along the way. Volunteer to be a mentor at the company where you work. If there is no formal mentorship program, offer to help create one. Look for opportunities outside the organization to help other women — there are countless non-profits that could your help. As Gandhi said, “be the change you want to see in the world.”

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