Tania Das Wright, COO of portfolio company Artivest, sheds some light on the sobering statistics related to female employment in both finance and tech. Tania also delves into the ways that fintech companies may be able to buck the trend.
According to a panel recently hosted by the New York Women's Initiative of law firm Alston & Bird, it generally takes three female candidates being considered for one of them to get the job. This is partly because hiring happens by committee. When women are in scant supply at a company, they are not likely to be well-represented among those making the hiring decisions. Another factor is that the female candidate who finds herself alone amid a sea of men in the interview room may be less likely to accept an offer from that company. Happily, the converse also applies, providing a clear path forward: the best way to attract women to your firm is by hiring women.