Smashing The Glass Ceiling For Startups
Sometime in the 1990s, we started to become clued up to the fact that, thanks to the internet, starting a company wasn’t just for millionaires. As this message began to spread, the Startup was born, hailing a new era of commerce. As well as shaking up the way that we do business, the startup has given rise to a new wave of equality. Whereas women in the 80s were chipping away at the glass ceiling in corporate tower blocks, startups are smashing their way through by changing the rules. We take a look at a few ways in which startups have switched the glass ceiling for ‘the sky’s the limit’.
Saying goodbye to the old boys’ club
In days gone by, the most juicy corporate jobs were reserved for those who went to the right schools and knew the right people. Startups, on the other hand, are all about the skills (although networking certainly doesn’t hurt, something we can testify to at utimatebanners). In today’s startup, solid experience and proveable skills are so much more important than qualifications. In the world of the startup, results are needed – and needed fast and, so, recruitment is based on finding the right person for the job as soon as possible.
Never mind the gap
Despite the fact that we’re rapidly approaching 2020, figures by Equal Pay Day revealed that, in 2019, the gender pay gap in 78% of Britain’s largest companies has actually increased. Although it’s hard to believe, a lot of our major corporations are still paying more than women performing the same role. In contrast, within the UKs startup arena, a gender pay gap simply doesn’t exist to any discernable level. This is largely due to the fact that startups pay by skill and usually make no differentiation between a person’s gender and the salary paid.
Like a boss
It’s a simple fact that many of Britain’s large companies and corporations are run by men – usually of an older generation. In the last 18 years, women have founded over 500 UK startups which are still active and, indeed thriving. In fact, figures published by Crunchbase revealed that startups founded by women generate 10% of those founded by men – despite receiving considerably less funding from the community. As more and more women run and own businesses, we can expect to see more of a balance in the distribution of roles and in pay. It’s also worth mentioning that, with startups we’re seeing a lot of younger business owners and CEOs who are looking
to replace those glass ceilings with windows of opportunity.
In the modern world, the startup has proved that it is here to stay. Over the years, the startup has battled its fair share of issues and come through the other side – which hopefully means that the next generation of startup owners won’t even know what a glass ceiling is!