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Study shows female-founded tech companies excel in employee satisfaction and retention
Anew study finds employees in companies with female founders report being happier with their work / life balance , company diversity and salary compensation , as well as stay in their roles longer , compared to male-founded tech companies .
The CTO Club carried out the study , which analysed 20 of the fastest-growing technology companies from around the world with female and male founders . Looking at Glassdoor . com , scores were given by employees on each category of company culture , diversity , work / life balance , compensation and career progression . Data on the median average tenure of employees was gathered from Linkedin . com .
According to the data , compared with male-founded companies , female-founded tech companies report higher employee satisfaction for diversity and inclusion ( 4.1 vs 3.8 ), work / life balance ( 4 vs 3.9 ) and compensation ( 3.8 vs 3.7 ). Employees at femalefounded companies stayed on average for eight months longer than employees at male-founded companies ( 3 years vs 2.4 years )
Preply , founded by Kirill Bigai , who remains CEO , came first out of the 20 companies with an average score of 4.3 for all categories . It was followed by cleaner lifestyle products company , Oura , with 4.2 . Female-founded Canva , Clue and Verge Genomics also followed with a score of 4.2 , making up the top five companies reporting the highest employee satisfaction .
Employees at male-founded companies report being happier with company culture ( 3.9 vs . 3.8 ) and career progression opportunities ( 3.6 vs . 3.5 ) than those at female-founded companies .
The study also looked into employee approval for companies where the founder has remained in the CEO position and there was no difference between male-led and female-led companies .
Ricoh Europe research reveals hybrid technology still not up to scratch
New research from Ricoh Europe reveals that the majority of organisations lack the technology to support flexible working , with only 30 % of European employees saying they have all the technology to collaborate seamlessly when working with other colleagues .
The research , conducted by Opinion Matters on behalf of Ricoh Europe , polled 7,000 workers and 1,800 decision-makers across Europe . It finds that flexible working remains a top priority for European workers , with employees citing having more flexible working arrangements , including the ability to plan and schedule to ensure their workplace needs are met in advance of the working day ( desk , location , workplace technology ) as the primary reason to reconsider leaving their role in the next 12 months .
Despite the value employees place upon working flexibly , many still lack the basic tools to do so . One in five ( 20 %) employees do not have access to essential collaboration software such as Microsoft Teams and Zoom , while 29 % do not have access to any collaboration hardware / hybrid meeting technology ( e . g . AV technology such as video conferencing ), despite this being in demand .
Business leaders recognise the problem , with just under one in four ( 24 %) admitting that their collaboration tools are not up to industry standard , which is making it hard for employees to do their day-to-day jobs . However , despite technology stacks remaining unchanged , only 17 % of business decision-makers cited providing an enhanced employee experience as a strategic priority for the year ahead .
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