It’s not new knowledge that increased workforce diversity contributes to greater revenues and more innovative teams. However, as of yet, white males are still significantly overrepresented throughout the tech industry.
The executives category is where the least diversity can be witnessed, with white people dominating 83%, which is 15% above their representation throughout the rest of the professionals category- encompassing positions such as software developers. Groups stated as having the least representation in the executive category are African Americans, Hispanics, and Asian Americans.
In November 2017, Apple published a diversity report, which brought light to the fact that the number of underrepresented minorities rose from only 4% from 2014 to 2017. Apple has stated that half of new employees taken on this year have been from typically overlooked ethnic groups, and that said results speak for the industry as a whole.
Apple’s overall employees can be broken down into 21% Asian, 9% black, 3% multiracial, 13% Hispanic, and 54% white. Of these, women makeup 23% and only account for 32% of workers in tech roles.
Google also carried out a diversity report in 2016 and found that their total workforce is 4% Hispanic, less than 1% Native American, Alaskan Native, and Native Hawaiian or Pacific Islander, 4% multiracial, 35% Asian, 2% black and subsequently 56% White.
CompTIA CEO Todd Thibodeaux has stated that, where taken seriously and implemented correctly, increasing diversity amongst the tech sector, could mean revenues increase by $400 billion.
“Financially a one percentage point move toward representative diversity leads to a three-point increase in revenue,”
“Companies in the top quartile for ethnic and gender diversity are more likely to surpass industry norms for revenue and operating margin. Companies in the bottom quartile for diversity aren’t just lagging behind, they are rapidly losing ground.”