Thousands of Women in Tech Depart Their Roles Annually

A lack of career advancement opportunities is a primary factor driving women out of the technology sector, based on findings from a recent report.

Research reveals that between 40,000 and 60,000 women are exiting digital roles each year, whether they are transitioning to different tech positions or leaving the industry altogether. Notably, a significant quarter of these women cite the limited potential for career progression in their existing roles as a key reason for their departure.

Deborah O’Neill, a partner at Oliver Wyman, pointed out that while common belief attributes the decline in female participation to childcare responsibilities, the true issue lies in an unbalanced playing field that inhibits their advancement within tech environments. She emphasized that losing such talent equates to a loss of innovation and opportunities that benefit both organizations and the wider economy.

Statistics indicate that women represent roughly 20% of the technology workforce in the UK, a percentage that diminishes in higher organizational tiers. Observations from the Office of National Statistics (ONS) illustrate an increase of 11.5% in male employment within the information and communications sector over the past five years, contrasted with a 7% decline in female employment.

Moreover, the report highlights a critical bottleneck for women situated at the 'mid-career' stage within traditional hierarchical structures. The prevalence of factors such as lack of recognition, low salaries, and poor company culture also contribute to the high turnover rates among female tech professionals.

As organizations seek to tighten their talent retention strategies, this report underscores the urgent need for improved pathways to advancement and equitable recognition in the technology sector.