Digital Agenda: Bringing more women into EU digital sector would bring €9 billion annual GDP boost, EU study shows
Getting more girls interested in a digital career and getting more women into digital jobs would benefit the digital industry, women themselves and Europe’s economy. This is the key finding of the European Commission survey on women active in the ICT sector.
According to the study, there are now too few women working in the ICT sector:
- Of 1,000 women with a Bachelors or other first degree, only 29 hold a degree in Information and Communication Technologies (ICTs) (as compared to 95 men), and only 4 in 1000 women will eventually work in the ICT sector.
- Women leave the sector mid-career to a greater extent than men and they are under-represented in managerial and decision-making positions (even more than in other sectors).
- Only 19.2% of ICT-sector workers have female bosses, compared to 45.2% of non-ICT workers.
But if the trend were reversed and women held digital jobs as frequently as men, the European GDP could be boosted annually by around € 9 billion (1.3 times Malta’s GDP), according to the study. The ICT sector would benefit since organisations which are more inclusive of women in management achieve a 35% higher Return on Equity and 34% better total return to shareholders than other comparable organisations.
The study also suggests that women who work in the ICT sector earn almost 9% more than women in other parts of the economy, and also have greater higher flexibility in arranging their working schedules and are less susceptible to unemployment (by 2015, there will be 900,000 unfilled ICT positions in the EU).
European Commission Vice-President for the Digital Agenda Neelie Kroes said: “We now know, beyond doubt, that more women in a business mean a healthier business. It is high time the IT sector realised this and allowed women a chance to help the sector and Europe’s economy benefit from their enormous potential”.
The study also suggests four priority areas where action should be taken:
- Building a renewed image of the sector among women and society, with actions such as disseminating most appealing ICT topics for young women (exciting, diverse, profitable etc.);
- Empowering women in the sector, e.g. promoting, together with industry, harmonised European educational curricula to foster clear and straightforward ICT careers paths;
- Increasing the number of women entrepreneurs in ICTs, e.g. improving access to seed and venture capital programs for women entrepreneurs;
- Improving working conditions in the sector, e.g. by highlighting the improved performance of businesses employing women.