How the tech industry is failing Black workers

DEIDiversityTechnologyTechnology, Data, and DigitalDiversity, Equity, and Inclusion Advisory
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二月 10, 2022
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DEIDiversityTechnologyTechnology, Data, and DigitalDiversity, Equity, and Inclusion Advisory
EXECUTIVE SUMMARY
We found that Black professionals in tech face more career growth barriers than their non-Black peers.
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Excerpt from article originally published in Employee Benefit News by Paola Peralta

Russell Reynolds Associates' joint research with Valence was featured in Employee Benefit News.

 

Breaking into the tech industry is already a difficult feat, and Black employees in particular are facing systemic barriers that are blocking their career advancement.

Black tech employees move between companies more frequently than their non-Black peers — 3.5 years versus just over 5 years on average, according to a recent survey conducted by Valence, a platform that connects and empowers Black professionals, and management consulting firm Russell Reynolds Associates. Almost half of Black tech professionals feel switching jobs is the only way for them to achieve career growth.

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And once Black employees are hired, they’re not always given the same opportunities to advance, the survey found. Black tech professionals with 10 to 20 years of experience are promoted about half as often as their non-Black counterparts with the same years of experience and receive only 3 promotions over that time, compared to more than five for their non-Black peers.

Black workers also face higher rates of unfair treatment, the leading cause of turnover among this group. More than a third of Black employees left a job because of unfair treatment, the survey found. This has serious financial consequences for businesses: the average full replacement cost of a tech employee is $144,000 per person, according to the survey, which includes lost productivity, recruiting costs and salaries. Unfairness-based turnover in US tech companies among Black talent costs the industry approximately $1.2 billion dollars a year.

To read the full article, click here.