A future generation of women is at risk for getting pushed out of an ever-increasing amount of STEM jobs due to a long-standing gender bias. As a woman who is currently excelling in the technology industry, Monica Eaton-Cardone says that if action is taken now, future generations can be saved from getting shut out entirely.
(Tampa Bay, FL) April 14, 2015—According to Verizon, technology skills will be required in 80% of all jobs in the next decade. (1) However, the chance for a future generation of women to occupy and excel in these positions is being impeded by social perceptions that STEM (science, technology, engineering and math) are “male industries.” Monica Eaton-Cardone, founder and CIO of Global Risk Technologies, most well known by its US counterpart,Chargebacks911 (http://www.
According to the Harvard Business Review, the number of women in STEM has actually decreased since 1991. (2) This statistic shows no sign of improving, as the number of women studying and pursuing careers in technology has been going down by 0.5% each year; if this continues, less than 1% of the global tech workforce will be female by 2043. (3) When compounded with the prediction of the increase in STEM jobs, this data suggests a dismal job market for a future generation of women unless something is done to address the crisis.
Statistics indicate that women may not be staying away from STEM jobs due to a lack of interest. While 66% of fourth-grade girls report that they are interested in science and math, only 18% of all college engineering majors are female. (4) Currently, women hold less than 25% of STEM jobs in the United States. (3)
The alarming absence of women in STEM positions has even attracted attention from the White House. The fifth annual White House Science Fair—a celebration of student winners of STEM competitions from across the country which took place on March 23—held a specific focus on girls and women who are excelling at STEM and inspiring the next generation with their work. “We want to make sure everyone is involved,” said President Obama at the event. “We want to increase diversity as well so we get the most out of our nation’s talent.” (5)
Eaton-Cardone says that the long-term solution lies in a two-prong approach; encouraging women to follow their initial interests, and educating young women of the growing potential and overall career flexibility in STEM. “Women do not need to put one dream on hold in order to realize another. The opportunity to add a valuable contribution to society through technology is a benefit that should be promoted more – especially to women,” says Eaton-Cardone. “The more we raise awareness on this issue, the less women will shy away from contributing.”
The gender bias in hiring for STEM jobs was highlighted in a randomized, double-blind 2012 study. Both male and female faculty members at research-intensive universities were given application materials of a fictitious student randomly assigned a male or female name. The male applicants were rated significantly more hirable and competent than female applicants with an identical application. Additionally, a 2014 study found that men were twice as likely to be hired, by both men and women, for a job that required math. (2)
Despite lack of a formal background in IT, Eaton-Cardone was able to excel in the world of IT even though the field is currently male-dominated. As the co‑founder of Chargebacks911, eConsumerServices and Global Risk Technologies, Eaton-Cardone is in the minority of women who hold a leadership role in a technical field. Through her work in putting processes in place to help merchants and banks achieve sustainable payment-processing practices, Eaton-Cardone has earned a reputation for creative business solutions.
Eaton-Cardone also cautions that the lack of female perspective in STEM could cripple the ingenuity of those fields, as diversity is crucial to creative development – especially given the fact that women represent the largest sector of consumer spending.
Eaton-Cardone is available for speaking engagements, and will be speaking at the following event:
Card Not Present Boot Camp: Held May 18 through 21 in Orlando, FL. Chargebacks911 is the official sponsor for this boot camp, and will hold a four-hour presentation during the convention. More information is available athttp://cardnotpresent.com/
About Monica Eaton-Cardone:
Monica Eaton-Cardone is an entrepreneur and business leader with expertise in technology, eCommerce, risk relativity and payment-processing solutions. She has co‑founded a number of successful companies—including Chargebacks911.com, eConsumerServices.com and Global Risk Technologies—and currently fulfills executive management roles within each organization. Eaton-Cardone has earned a reputation for creative business solutions, helping both merchants and banks to achieve sustainable payment-processing practices and supporting consumers in resolving transaction issues. She is a champion of women in IT, and hopes to contribute to an expanded presence of females in technical professions and leadership roles.
About Global Risk Technologies, Chargebacks911 and eConsumerServices:
Global Risk Technologies is best known for its role in payment processing solutions that cater to each side of the value chain: Chargebacks911 and eConsumerServices. The firm is headquartered in Tampa Bay, Florida, with offices in Ireland and Atlanta. They have approximately 350 employees worldwide, and currently manage over 150MM in transactions each month, with clients located in the U.S. and Europe.
Chargebacks911 focuses on chargeback mitigation and risk management for Internet merchants and acquiring banks, offering dispute response solutions and deep analytics. eConsumerServices caters to cardholders and consumers, providing an online mediation service that works to effectively and efficiently resolve transaction issues between merchants, consumers and banks. For more information, visit www.chargebacks911.com andwww.eConsumerServices.com.