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Hi-tech as a moral compass? A minority of women, Arabs, ultra-Orthodox and Ethiopians - voila! Of money


The report of the Power in Diversity initiative indicates a decrease in the number of women as they climb the ladder in start-up companies. The representation of Arabs, ultra-Orthodox and Ethiopians is minimal compared to their share in the population

The leading private companies in the diversity ranking (photo: Public Relations)

In the last year, there was a slight increase of 0.4% in the proportion of women employed in start-up companies and they currently reach 34%, according to the annual diversity report of the start-up companies in Israel issued by the Power in Diversity initiative. The report, which is being published for the second time, Examine the composition of employees in 650 Israeli companies, each of which employs at least 50 employees.

In addition, for the first time in addition to women's employment, the initiative examined the proportion of employed among other underrepresented populations: Arabs and ultra-orthodox.

The Power in Diversity initiative was established by Alan Feld, partner and founder of Vitange Partners together with leading funds in the industry that are partners in its activity, among them, Qumra, Glilot Capital, Pitango, Viola, Vintage, Grove, NFX, BRM, 10D, F2, Elah fund, SVB, Red Dot, Hetz, Maor investments, DTCP, New Era, Hearst Ventures The initiative works to promote diversity and inclusion in Israeli startups and to raise awareness of the integration of diverse populations in the technological ecosystem in Israel.

The PID report shows that as you go up the job ladder, the number of women decreases. The percentage of women occupying managerial positions stands at 24%, an increase of 0.6% compared to last year's figures. In the development positions sector, women occupy 27.8% of the technological positions in start-ups. This means that the recruitments The layoffs in the first half of 2022 did not result in a major change in the situation. It is also possible that the waves of layoffs harmed the effort to achieve gender equality in high-tech.

Israeli Arabs make up only 0.2% of the workforce in start-up companies. In traditional high-tech the number is slightly higher at 2%, but considering that a number The Israeli Arabs in the population stands at 21.1%, it is evident that there is work that needs to be done both on the demand side and on the supply side to integrate more Arab workers in start-ups in particular and high-tech in general. The leading start-up companies in terms of Arab workers are Oguri and Itoro.

Only 0.4% of the employees in the startups tested are ultra-Orthodox, most of them women.

In traditional high-tech, the number is 3%, compared to the rate of ultra-Orthodox in the general population, which is 13.5%.

The leader in the ultra-Orthodox employment category is the start-up company

The leaders in the ranking of diversity among public companies (photo: PR)

The Power In Diversity initiative works throughout the year to promote additional diversity populations such as Ethiopians, people with disabilities and any diversity population that is not represented in the technological ecosystem.

However, the data published as part of this year's initiative did not include reference to members of the Ethiopian community, due to the fact that the numbers are so low as to be zero, so statistics are not allowed.

Although the members of the Ethiopian community make up a significantly lower percentage of the population compared to the other diversity populations (1.7%), their low number in high-tech is a wake-up call to all the relevant bodies, both on the part of employers and on the part of training and education, to engage in the effort and aim to promote the issue in society and increase the numbers.

The issue of people with disabilities is also a complex issue due to the problem of measurement and the wide range under the big heading of disability (physical disability, people on the autistic continuum, mentally challenged, post-traumatic and more).

Despite the legal requirement for employers to integrate people with disabilities in the company, most companies do not have the tools or awareness to measure these populations, which directly affects the possibility of providing a comprehensive, accurate and efficient response to the various employees.

The report divides the leading Israeli startups in the employment of women into three categories according to their size. The list of giant companies that employ over 500 employees is led by Minit Media, followed by Yotfo, Bob, Verbit, Apsplayer, Melio, Papia Global and Via. In the medium-sized companies that employ 100-500 employees Taylor Brands is the leader, followed by Syte, Zencity, Honeybook, Bokawi, Growthespace, Duda and Optimov. The category of small companies employing 50-100 employees is led by, followed by Darrow, Razap, Venn, Cymbio, Cloudshare, Dataloop and Frontegg.

This year, As part of the report, they also published the five leading companies among the public companies, to which the industry has its eyes, among other things, in the social fields, and which should serve as an example of responsibility and taking a practical position on the way to change.

The leading public company in women's employment is Riskified, followed by Pioneer, Outbrain, Faber and Monday.

Shahar Silis, CEO of the PID initiative

: "Especially these days, the discourse on inclusion, equality and acceptance should serve as a milestone in the conduct of all of us, among others, in the leading companies in the high-tech industry that are a source of innovation and progress. Throughout the joint activity in the initiative with the companies, we have proven time and time again in the joint processes, that the profit in a diversified company directly affects the company's success, profits and growth.

Companies that emphasize a healthy organizational culture are more stable companies that manage to deal with uncertainty more firmly and especially in the period we are in, this is a significant advantage. Those who will be able to take advantage of the current period to formulate a strategy Growth based on tools from the DEI worlds and exposure to different populations will reap the rewards when the market recovers and they will reach the next peak stronger."

Kobi Samborsky, co-chairman of PID and co-founder of Gillot Capital

: "2023 will not be an easy year for startups. After years of a very positive market, we are in the midst of a wave of layoffs and conditions of uncertainty. Especially at a time like this, we need to take care of the disadvantaged populations who may be harmed even more. We at Power In Diversity intend to continue even more and make sure that the issue does not fall off the agenda. The innovation industry is based on equality and inclusion, it cannot exist in an environment where differentiation and discrimination are part of the discourse. I salute the leading companies of 2022, challenge them to continue to improve during 2023, and believe that many more diverse companies will join them during the year ."

Sivan Shamri Dahan, co-chairman of PID and managing partner at Kumara Capital

: "This is a very challenging time in the State of Israel in which voices are heard threatening to set us back generations on a social and economic level. Precisely at this time, high-tech, as the growth engine of the economy, must continue with all its might to integrate women into the industry. There is no decree of fate here, changes take place over time and we We are implementing an orderly work program whose goal is to achieve complete gender equality in high-tech employment and also in women's entrepreneurship. However, we must not forget ultra-Orthodox and Arab women who still make up a very small part of our industry. This should be our next focus."

  • Of money


  • start up

  • High tech

  • diversity

Source: walla

All business articles on 2023-01-29

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