Cybertonica: moving forward on the path to gender parity
At Cybertonica, we believe that The Team builds The Dream. Particularly regarding diversity, the Board and management maintain that the success of our business depends on diverse and multinational teams.
We decided consciously to focus on building both a more diverse management team and engineering group back in 2016. We did this by conviction but also by pure self-interest. Because diverse teams generate much better results.
Beyond gender, we also welcome people from all over the world. We celebrate the contribution that different cultures and their creativity bring to us.
At the moment, Cybertonica comprises people from across the globe representing 12 nationalities and over 10 different languages are spoken on a daily basis within the team.
In our recent new hires over the past two months, we have been lucky to be able to grow our team - bringing aboard nine new people, four of whom were women. Our team and its international richness now include over 30% women, notably in the engineering team, and overall more than 40% of our workforce (14/34).
As we had previously done work internally on industry data on diversity, we decided to run a check against that report from 2017 and current data to see how we are doing.
Let’s look at the landscape
It is no secret that over the years, there has been a lot of discussion around ways of creating gender parity in the Fintech workplace. The key of course is to actively build a culture and a pipeline that provides opportunities to onboard and develop diverse talent. When the business poses difficult challenges, we are then in a position to quickly integrate the best candidate for the role regardless of gender, ethnicity, or background. But what are the numbers for women in tech companies?The European Women in Technology conducted research in 2019 where they delved into sector trends for women tech employees across different countries.Here are some interesting statistics on women in technology:- 2018 - only 20% of all jobs in tech were held by women
- 2019 - Some of the biggest technology companies such as Intel, Cisco, and Nvidia had less than 30 percent female workforce each
- 2020 - The five tech giants (Amazon, Apple, Facebook, Google, and Microsoft) have a workforce of about 34.4% female (25% of those in tech)
- 2019 - Some of the biggest technology companies such as Intel, Cisco, and Nvidia had less than 30 percent female workforce each
- Only 37% of tech startups have at least one woman on the board of directors
- The turnover rate is more than twice as high for women than it is for men in tech industry jobs (41% versus 17%).