From Fortune 500 stalwarts to Silicon Valley startups, gender equity has been a challenge for generations. But today despite universal agreement that a fix is overdue, not much has been done to actually move the needle. Because the workplace was not designed to value women, we need to change the ways we make decisions and evaluate talent to truly address the problem, and technology can be an accelerator. Using AI and natural language processing, software can identify bias in performance evaluations and point organizations toward making better decisions about promotions and new opportunities for employees. It’s more than just an issue of fairness for companies to act. For every 10% increase in gender equity toward parity, there is a 1% to 2% increase in revenue.
In this episode in our series about women in AI, Katica Roy of Pipeline Equity discusses the topic of gender equity and the necessary changes that need to occur in our mindsets as well as business practices. She discusses specific issues of inequality (including the Motherhood Penalty), by sharing her professional experiences and by comparing statistics from the past few years.
Katica talks about how her experience as a single mother, a first-generation American, and her various professional interactions have molded her vision of equality within the workplace. Our discussion also touches on Pipeline Equity, the 2020 Retrospective Report, and the trends that Katica has seen in the labor force participation rate of women. Women throughout history have seen sexism in the workforce, whether it has to do with opportunities, differences in pay, or in direct treatment. Katica and Pipeline Equity work hard to make sure that these current trends and statistics are coming to light because having the conversation is the first step to fixing the problem.