By: Carlos Zuzunaga, partner of McKinsey & Company, Lima
In the last decade, the technology industry has experienced accelerated growth in Latin America. Between 2020 and 2021, e-Commerce 30% grew and an additional increase of 20% between 2024 and 2027 is projected. However, while the sector progresses, the gender equity In hiring he has backed away. Currently, men receive almost five times more promotions than women in management positions, and in the last three years, only 20% of the appointments in leadership positions have been occupied by women. How can we reverse this trend and close the gender gap?
A structural problem
Currently, women represent less than 30% of the workforce in the Tech industry and only one in five occupies a leadership role. In addition, according to a McKinsey analysis, women in Tech must work 28% more than men to aspire to a similar salary. This generates a cycle of exclusion and discouraging new generations.
Why does the gender gap persist?
The gap continues due to biases in hiring and promotion, and the lack of female representation in strategic areas. Studies show that women have less opportunities to ascend, even with the same qualifications as their male colleagues: only 24% of initial roles are granted to women and 17% in higher management levels.
Likewise, motherhood continues to impact women’s professional trajectory, with 24% abandoning their job in the first year and 17% returning after five. Unfortunately, few companies have support policies beyond what is required by law.
How to close the gender gap in technology?
Companies can accelerate the closure of the gap in the region through:
- Equitable contracting and promotion processes: “CV-BLIND” selection methods, transparent promotion criteria.
- Mentoria and training: leadership programs, access to certifications in key areas and mentoring networks.
- Salary equity policies and motherhood support: salary audits, equitable paternity licenses and flexible work schemes.
In an environment where digital transformation promotes success, lack of female inclusion in technology limits talent, creativity and innovation capacity. Companies that take concrete measures to reduce the gender gap will not only contribute to a positive change in society, but will also enhance their ability to attract talent, develop more inclusive solutions and strengthen their leadership in the digital economy.
