We believe data drives action.
We also believe that to build a better, more equitable future, all of us need to know where we stand. That’s why the Charting Better Workplaces report aims to shine a light on wage gaps in the tech industry.
Companies use ChartHop to manage their orgs and people data, giving ChartHop unprecedented access to real-time salary, equity, demographic and organizational structure data. For this report, we aggregated and anonymized the data of more than 16,000 employees from private and public tech companies.
Unlike Charting Better Workplaces, most existing reports are built off of self-reported and/or assumed data, focus on one part of compensation, or don’t speak to organizational data at all. We’re excited to share this report as a new perspective on wage gap data.
Let’s use this data to chart a course toward better, more equitable workplaces.
Key findings include:
- While the gender wage gap still exists, progress is being made. Men earned 22% more than women in 2020, compared to 30% more in 2018.
- There is a gap in equity ownership, the biggest driver of wealth in tech. On average, men have 63% more ownership in a company than women. Women make up 40% of owners yet only own 21% of the shares.
- Seniority is not driving the wage gap as much as we thought. Men who are individual contributors still earn 22% more than women.
- The gap between Black and white employees is double the gap between men and women. White employees earn 44% more than their Black counterparts.
- The pay gap for BIPOC (Black, Indigenous and People of Color) is increasing. White employees earn 24% more than their BIPOC colleagues. This is up 6 percentage points in 2020.
- Engineering teams have made big improvements. The average man in engineering earns 7% more than the average woman.