Up to $200K for hiring at tech companies
Up to 50% of hiring in the technology industry is now done online, according to a new study.
And it’s not just hiring, but also the retention and engagement of those who are hired.
The study, which analyzed over 4,000 job postings in technology, found that tech companies are hiring at a rate of roughly one person per hour, versus about 10 for every 100 employees.
The study also found that women are making up the lion’s share of hiring and hiring in technology is predominantly done by women.
“Women make up about 40% of the workforce and are more than twice as likely to be in the tech field than men, and they are hiring faster,” said Dr. Jessica Hoch, who conducted the study with colleagues from the University of Michigan and the University at Buffalo.
Hoch said there is a need to be proactive about improving the retention of women in technology.
“We need to recognize and embrace the fact that it’s a career,” she said.
“And we need to take action.”
Hoch pointed out that a significant percentage of tech companies hire women, which may be one reason why they have higher retention rates and a higher return on investment than their male counterparts.
But the hiring rate of women is not the only factor influencing retention and retention is important, Hoch said.
She said she believes there are a few other factors, including: how a company is run, the culture, and the leadership, that can affect the hiring of women.
“There is a strong correlation between a culture and the hiring and retention of employees, and we need an awareness that we need a culture change and we’re not going to get it,” Hoch added.
Hopsicker said that if women are working for tech companies and getting hired, they may not be making as much money, but they are still contributing to the company.
“The women that are hired, and those that are retained, are making a lot of money,” she added.
“But that’s not all they are earning.
They’re also contributing to their communities and are involved in the community.
So, those are some of the factors that could be contributing to that.”
According to the study, a woman making $40,000 to $60,000 annually would be making about $300,000 a year, or about $40 per hour.
But Hoch estimated that women in the U.S. making $50,000 or more would make about $1.6 million annually.
Hutchins noted that the study is still in its infancy and that there is no guarantee that hiring of females will increase.
“It’s hard to know what the impact is going to be because we have so many variables,” she noted.
“But it’s something that we are really looking at, and it’s important to keep working to make sure that we’re putting in place policies and practices that are going to help make sure we have the most inclusive and effective hiring process that we can.”
The research was published in the Journal of Career Development.