Why do women still lag behind men in pay and equity in the STEM workforce?

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Twenty-five years ago, a small group of San Diego women had a radical idea.

What about starting an organization with the goal of empowering women working in our local innovation economy to collaborate, socialize and advance in their respective industries? Athena San Diego was born. As the first executive director I privately hoped that the organization would be out of business 25 years later — that by 2023, we would have achieved the goal of parity and equity in the workplace. Sadly, not yet.

About 20 percent are in executive ranks and C-suite. The San Diego data is similar. We know that diversifying your workforce is a proven business case. S&P 500 companies headed by women have had nearly 1.5 times the returns of those led by men between 2012-2022. The BCG study points out two major tipping points.

 

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