Key Highlights
- Women comprise approximately 20% of the total workforce in the TMT (Technology, Media, and Telecommunications) industry
- Less than 10% of senior leadership roles in TMT are held by individuals from underrepresented ethnic groups
- Companies in the top quartile for ethnic and racial diversity are 35% more likely to have financial returns above their industry medians
- 45% of employees in TMT report experiencing or witnessing gender bias at work
- Less than 15% of software developers in the TMT sector are from minority backgrounds
- 28% of TMT employees believe their company is proactive in addressing diversity and inclusion
- In 2023, 52% of women in TMT say they feel they can’t fully express their authentic selves at work
- Diversity hiring initiatives in TMT have increased 40% over the past five years
- The employee retention rate for diverse employees in TMT is 15% lower than for non-diverse employees
- LGBTQ+ representation in TMT industry is around 7%, with higher visibility in Silicon Valley companies
- 60% of TMT companies have formal diversity and inclusion policies in place
- Women hold only 17% of executive roles in the TMT sector globally
- 33% of TMT companies report that their diversity initiatives are not adequately funded
Despite growing awareness, the TMT industry remains plagued by underrepresentation and slow progress, with women and minorities constituting a fraction of the workforce and leadership, yet those embracing inclusive practices see measurable benefits in innovation, profitability, and employee retention.
Diversity and Inclusion Metrics
- Companies in the top quartile for ethnic and racial diversity are 35% more likely to have financial returns above their industry medians
- Diversity hiring initiatives in TMT have increased 40% over the past five years
- Only 12% of venture capital funding in TMT is allocated to startups led by women or minorities
- Only 25% of TMT companies regularly collect and report diversity metrics, indicating a lack of transparency
- The adoption of inclusive language policies in TMT increased by 50% over the last three years
- People of color are 25% more likely to leave their jobs in TMT due to lack of inclusion and growth opportunities
Diversity and Inclusion Metrics Interpretation
Employee Sentiment and Workplace Culture
- 45% of employees in TMT report experiencing or witnessing gender bias at work
- 28% of TMT employees believe their company is proactive in addressing diversity and inclusion
- In 2023, 52% of women in TMT say they feel they can’t fully express their authentic selves at work
- 70% of employees in TMT feel diversity and inclusion programs are more performative than impactful
- 42% of minority respondents in TMT report a lack of belonging in their work environment
- 80% of TMT firms have diversity and inclusion training programs, yet only 30% see a measurable impact on employee engagement
- 65% of employees believe their workplaces could do more to support diversity, equity, and inclusion efforts
- 50% of respondents in TMT feel that their company’s diversity initiatives are just for compliance, not genuine inclusion
- 41% of employees of color in TMT feel they face barriers to promotion compared to 25% of white employees
- 74% of companies with robust diversity programs report improved employee morale
- 55% of respondents say that their companies need to do more to promote equitable pay in TMT
- 46% of employees from minority backgrounds in TMT report experiencing microaggressions at work
- 69% of TMT employees believe that diversity and inclusion programs should be a core business value, not just HR initiatives
- 62% of TMT companies have experienced a decrease in employee turnover after implementing diversity initiatives, indicating positive impact
Employee Sentiment and Workplace Culture Interpretation
Leadership and Executive Diversity
- Less than 10% of senior leadership roles in TMT are held by individuals from underrepresented ethnic groups
- Women hold only 17% of executive roles in the TMT sector globally
- Companies with diverse boards are 43% more likely to outperform their less diverse counterparts financially
- The median age of leadership in the TMT industry is 48 years, with underrepresented groups skewing younger or older depending on the company
- Only 5% of senior roles in TMT are occupied by individuals with disabilities
- Asian Americans are underrepresented in senior leadership roles in TMT, holding just 9% of executive positions
- 30% of TMT companies have zero representation of disabled persons in leadership, a critical barrier to inclusion
- The median time to achieve gender parity in leadership positions in TMT is estimated at 20 years, highlighting slow progress
Leadership and Executive Diversity Interpretation
Workforce Composition and Representation
- Women comprise approximately 20% of the total workforce in the TMT (Technology, Media, and Telecommunications) industry
- Less than 15% of software developers in the TMT sector are from minority backgrounds
- The employee retention rate for diverse employees in TMT is 15% lower than for non-diverse employees
- LGBTQ+ representation in TMT industry is around 7%, with higher visibility in Silicon Valley companies
- 60% of TMT companies have formal diversity and inclusion policies in place
- 33% of TMT companies report that their diversity initiatives are not adequately funded
- The representation of Black professionals in TMT industry jobs is approximately 8%, with only 4% in senior leadership
- Data shows that inclusive workplaces in TMT have 19% higher employee retention rates
- Hispanic employees in TMT make up about 6% of the workforce, with less than 2% in executive roles
- Mental health resources for underrepresented groups in TMT are available in only 40% of companies, but availability is increasing
- The percentage of women in cybersecurity roles within TMT is approximately 15%, highlighting gender disparity in specific tech niches
- Companies with more than 50% women in the workforce had a 27% higher innovation score
- TMT companies that have diverse hiring panels are 20% more likely to hire underrepresented candidates
- Only 18% of technical roles in TMT are filled by individuals from underrepresented groups, indicating a significant talent gap
- The number of Black women in senior technical roles in TMT increased by 15% in 2023, but still represents less than 3% of total senior technical leadership
- 80% of TMT companies report increased innovation after implementing diversity and inclusion strategies
Workforce Composition and Representation Interpretation
Sources & References
- Reference 1BIZJOURNALSResearch Publication(2024)Visit source
- Reference 2MITNEWSOFFICEResearch Publication(2024)Visit source
- Reference 3MCKINSEYResearch Publication(2024)Visit source
- Reference 4PWCResearch Publication(2024)Visit source
- Reference 5DEVOPSResearch Publication(2024)Visit source
- Reference 6HARVARDBUSINESSResearch Publication(2024)Visit source
- Reference 7GALLUPResearch Publication(2024)Visit source
- Reference 8TECHREPUBLICResearch Publication(2024)Visit source
- Reference 9BROOKINGSResearch Publication(2024)Visit source
- Reference 10GLAADResearch Publication(2024)Visit source
- Reference 11FORBESResearch Publication(2024)Visit source
- Reference 12TECHCRUNCHResearch Publication(2024)Visit source
- Reference 13STATISTAResearch Publication(2024)Visit source
- Reference 14ETHICALCORPResearch Publication(2024)Visit source
- Reference 15HBRResearch Publication(2024)Visit source
- Reference 16PEWRESEARCHResearch Publication(2024)Visit source
- Reference 17MEDIAPOSTResearch Publication(2024)Visit source
- Reference 18ACCESSIBILITYINSIGHTSResearch Publication(2024)Visit source
- Reference 19DIVERSITYINCResearch Publication(2024)Visit source
- Reference 20ASIANAMERICANDIVERSITYResearch Publication(2024)Visit source
- Reference 21HRCResearch Publication(2024)Visit source
- Reference 22BARRONSResearch Publication(2024)Visit source
- Reference 23BLACKENTERPRISEResearch Publication(2024)Visit source
- Reference 24SHRMResearch Publication(2024)Visit source
- Reference 25CATALYSTResearch Publication(2024)Visit source
- Reference 26NAPResearch Publication(2024)Visit source
- Reference 27INSIDEHIGHEREDResearch Publication(2024)Visit source
- Reference 28PAYSCALEResearch Publication(2024)Visit source
- Reference 29CYBERSECURITY-INSIDERSResearch Publication(2024)Visit source
- Reference 30MICROAGGRESSIONSREPORTResearch Publication(2024)Visit source
- Reference 31DISABLEDLEADERSHIPResearch Publication(2024)Visit source
- Reference 32ACCResearch Publication(2024)Visit source
- Reference 33HIRINGDIVERSITYResearch Publication(2024)Visit source
- Reference 34TALENTResearch Publication(2024)Visit source
- Reference 35IMPACTFACTORYResearch Publication(2024)Visit source
- Reference 36BLACKWOMENINTECHResearch Publication(2024)Visit source