{"id":26029,"date":"2023-06-22T12:15:06","date_gmt":"2023-06-22T16:15:06","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/tech-companies-scaled-back-dei-teams-last-year-amid-worrying-backlash-report-says\/"},"modified":"2023-06-22T12:15:07","modified_gmt":"2023-06-22T16:15:07","slug":"tech-companies-scaled-back-dei-teams-last-year-amid-worrying-backlash-report-says","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=26029","title":{"rendered":"Tech companies scaled back DEI teams last year amid \u2018worrying\u2019 backlash, report says"},"content":{"rendered":"
\n

The tech industry saw a rollback in wage equity last year, while also shrinking its diversity, equity and inclusion teams, a new report shows. <\/p>\n

The recruiting platform Hired said this week that wage gaps widened in 2022 for women and men of all racial and ethnic groups except white and Asian women, though there was some narrowing in certain regions. In addition, out of 229 hiring leaders surveyed by Hired, 20% of respondents said their companies had scaled back their DEI teams over the past 12 months.<\/p>\n

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After the 2020 police murder of George Floyd, a Black man, spurred nationwide protests calling for racial justice, tech and other companies proclaimed their support and in some cases increased funding for workplace diversity and equity programs. Taking into account studies that have shown that diversity helps boost companies\u2019 performance, those programs aim to boost recruiting, hiring, retention and promotion of traditionally underrepresented groups. <\/p>\n

But tech layoffs that began last summer have affected companies\u2019 DEI staff, according to the hiring managers surveyed \u2014 12% of whom said their DEI programs were \u201cmore at risk for cutbacks in the future if the economy tightens.\u201d<\/p>\n

<\/p>\n
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\n \u201c<\/span>\u2018We see what\u2019s going on in the anti-DEI movement. We see it in our survey data.\u2019\u201d<\/span>\n <\/p>\n


\n \u2014 Erica Yamoto, senior vice president of marketing at Hired<\/span>
\n <\/small><\/p><\/div>\n<\/p><\/div>\n

While the survey also found that 51% of those managers said their DEI teams were a \u201cmust-have,\u201d 20% said their companies\u2019 DEI efforts were \u201cmore show than substance\u201d and 14% said DEI programs create an unfair advantage for some groups. Hired said one anonymous manager who responded to the survey commented, \u201cI wish DEI would go away.\u201d<\/p>\n

Erica Yamoto, the senior vice president of marketing at Hired, said Wednesday in an interview with MarketWatch that \u201cwe all read the headlines. We see what\u2019s going on in the anti-DEI movement. We see it in our survey data.\u201d Yamoto said the trend is \u201cdefinitely worrying,\u201d and that the next year may show \u201chow companies will demonstrate the allyship they spoke of in the last several years.\u201d<\/p>\n

From the archives (April 2023): <\/strong>Three years after companies doubled down on DEI, \u2018the pendulum swings back.\u2019 Here\u2019s why.<\/p>\n

From the archives (November 2022): <\/strong>Racial diversity in management linked to positive financial performance, new analysis shows<\/p>\n

Meanwhile, Black men made 93 cents for every dollar white men made in 2022, down from 95 cents for every dollar in 2021, according to the report. For Black women, that figure was 90 cents last year vs. 92 cents the previous year. For Hispanic men, it was 97 cents vs. 99 cents in 2021, and for Hispanic women, 92 cents vs. 93 cents in 2021. Asian men, who made $1.04 for every dollar white men made in 2021, saw a decline to $1.02 in 2022. <\/p>\n

Only Asian women\u2019s pay compared with white men improved, to 99 cents for every dollar in 2022 vs. 98 cents in 2021, while for white women that figure remained at 95 cents. <\/p>\n

Hired, whose data was based on tens of thousands of job offers in tech and sales from more than 5,000 companies, attributed the widening wage gap to a widening expectation gap. Only 25% of women and 39% of men surveyed said they felt they had enough knowledge to ask for compensation in line with their market, role and experience. The survey also found that women with more job experience expected a wider wage gap than women with less experience, perhaps because the women with more experience had lower salaries earlier in their careers. <\/p>\n

See: <\/strong>As the Equal Pay Act turns 60, \u2018an uneven playing field\u2019 remains. Here\u2019s where pay equity stands.<\/p>\n

Still, Yamoto pointed to some bright spots related to pay equity. The Hired report mentions that salary-transparency legislation has helped drive positive outcomes in places such as New York City, San Francisco and Los Angeles, where gender wage and expectation gaps narrowed after the laws went into effect. The laws require employers to disclose salary ranges to job applicants. <\/p>\n

\u201cI\u2019m optimistic,\u201d Yamoto said, adding that companies can only do so much to try to ensure changes that affect equity. \u201cBut for systemic change, private and public partnership coming together can make an impact.\u201d<\/p>\n

From the archives (December 2022): <\/strong>It should be much easier to know how much a job pays in 2023<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The tech industry saw a rollback in wage equity last year, while also shrinking its diversity, equity and inclusion teams, a new report shows. The recruiting platform Hired said this week that wage gaps widened in 2022 for women and men of all racial and ethnic groups except white and Asian women, though there was […]<\/p>\n","protected":false},"author":1,"featured_media":10989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-26029","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"\nTech companies scaled back DEI teams last year amid \u2018worrying\u2019 backlash, report says | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The tech industry saw a rollback in wage equity last year, while also shrinking its diversity, equity and inclusion teams, a new report shows. 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