This week in our WiCipedia roundup: Fidelity re-evaluates its gender breakdown; women in India are happiest in tech roles; Apple starts a new training program for women in tech; and more.
Last week we talked about how when women start a job in tech, their enthusiasm for advancing is statistically higher than men's, yet that number rapidly decreases the longer they hold the job. Interestingly, a Booking.com report claims that 96% of women in tech in India want to stay in the tech industry. Women in India face more obstructions in their industry -- not fewer -- than women in many other countries, yet their satisfaction is much higher. Additionally, only 17% of Indian women believe they will hit a glass ceiling, while the remainder believes that their potential in the industry is limitless. (See WiCipedia: Gen Z Changemakers, MotherCoders & Keeping Women in Tech and WiCipedia: Boardroom Diversity, Bombastic Mansplaining & Women of Color.)
Apple Inc. (Nasdaq: AAPL) is starting a new program to tutor female entrepreneurs and programmers for two weeks at a time at its Cupertino headquarters, in the hopes of increasing the number of women in the industry, News 1130 explains. Starting in January 2019, the company will host these intensive tutorials every three months and will accept 20 women for each session. Only 23% of the company's tech workers are women, so Apple has some work to do -- like most tech companies -- to bridge the gender gap. Apple will pay for travel expenses for the trainees, and its current staff members will be leading the training. (See WiCipedia: Apple's Diversity Dilemma & Women Have Tech Edge, Study Finds and WiCipedia: Herstory, Apple Diversity Stagnates & Queen Bees.)
Female founders have it rough in the funding department, so every tip helps. News Times reports that while this may be changing in the future as new VC groups are formed in order to fund female and minority-run startups, for now women seeking funding are meeting the same challenges that they always have. The article recommended that female founders pay particular attention to their mental and physical health in order to better cope with dummies (our word choice) who don't want to give money to female founders, and also to ask for help from a network of like-minded leaders when it is needed. (See WiCipedia: Female Founders Find Funding & Automotive Careers for Women.)
Bloomberg reports that Fidelity Investments is in the midst of trying to repair the damage of last year's sexual harassment claims -- and it's making some bold moves. While Fidelity is predominantly run by men, with 86% of fund managers identifying as male (no surprise there), the financial company has appointed 30% of new fund manager positions to women in 2018. While men are still the overwhelming majority, this is the most women that the company has promoted in five years. Women also form 25% of the company's leadership team. Fidelity, like many financial companies, has had a "power imbalance" between genders and rankings at the company for many years, the article says, and after a shake-up at the top, it decided to re-evaluate its gender breakdown. (See WiCipedia: Companies With Values Should Be the Norm.)
This week in our WiC roundup: Girls in Tech makes biggest fundraising effort yet; Microsoft takes its Women in Cloud initiative on the road; women in developing countries pay the price for tech; and more.