As we sit down for another founder chat, Fabian and I begin discussing our recent hiring period and he brings up an intriguing observation. ‘Hangry is now over 70 percent female’. As a woman, I was a little disappointed to have not acknowledged it first. But it’s true! Our enterprise software company is significantly over half female and to be honest we’re super excited about it; because this is simply not the case for most tech-based companies in 2017.
After peaking in 1991 at 36%, the rate of women in tech roles has been in steady decline. Now, they hold only 25% of computing jobs. Even at Silicon Valley, women hold only 11% of executive positions. In the tech industry, the quit rate is more than twice as high for women (41 %) than it is for men (17 %). In addition, just last year venture capitalists invested $1.46 billion in women-led companies compared to a whopping $58.2 billion in investments to male-led companies (observer.com). And the reasoning behind this? There isn’t one. Infact, FastCo revealed that teams with at least one female staff member have a higher collective IQ than teams with all-male counterparts. In a study by Dezsö and Ross they analyzed that 1,500 U.S firms found that significant female representation in top management positions improved financial performance where innovation is key to the business strategy. Want it hear one more? Founded in the same study above, Fortune 500 companies with at least three female directors saw their return on invested capital increase by at least 66%, return on sales increased by 42 percent, and return on equity increased by at least 53%. YOU GO GIRLS.
Paving the Way
Hangry is proud to be shining a light on female representation in tech-based companies. Here at Hangry, almost all our managerial positions are women including Director of Sales, Director of Support and Social Media, and Manager of Sales and Operations. In addition, the key players you’ll meet at any tradeshow we attend are Hangry women. Fabian sits pensive, ‘You know it’s funny because when I begin the hiring process, gender isn’t something that comes to mind. We just hire the best available candidate and we haven’t regretted a single decision.’ At Hangry we have females covering all the enterprise software bases; whether it be the face of our company through customer service, social media and sales or the backend through web design, customer service and administration.
As a female myself, who spends a lot of my day writing enterprise software blogs and articles I am proud to be a part of a company that promotes females in the tech world and I can’t wait to see what the future holds for us. As we finish this founder interview, Fabian’s cat Denny (who is undeniable male) wakes up from a slumber and comes over to me for a cuddle. Looks like Denny likes women in the work-place too.
Manager of Marketing and Social Media
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