GE is a 125-year old, high-tech digital industrial company that takes on the world’s toughest problems with diverse teams and brilliant ideas. To continue to invent the future, the workforce that engineers, builds and services GE’s products across the globe, should reflect that world. It’s a business imperative to fully transform into a digital, industrial company for the future.
In that spirit, GE has set goals of having 20,000 women fill STEM roles at GE by 2020 and obtaining 50:50 representation for all GE technical entry-level development programs.
In a white paper, GE outlines the talent crisis for women in STEM roles. In the US today, only 14% of all engineers and 25% of all IT professionals are women. Though women make up 55% of all college and graduate students overall, only 18% of computer science graduates are female, according to the US Bureau of Statistics.
While efforts have been made across the sector, through education, funded initiatives and the emergence of non-profit discussion, progress has been slow on this issue. Technical and engineering sectors are still male dominated and the pipeline for future talent is currently insufficient to meet future needs.
Without more women in technology and manufacturing, GE expects the skills gap to widen, impacting productivity and diminishing the potential of digital and other new technologies transforming industry and manufacturing.
GE believes that the commercial imperative, coupled with the ongoing challenges of recruiting and retaining top female talent in STEM jobs, means organizations must make continued, real investment in closing the gender gap.
GE’s holistic approach outlines clear actions, including the re-examination of its executive school portfolio to more clearly align with the company’s focus on digital industrial capabilities, and the introduction of a Chief Technology Advisory Council to inform future retention strategies, including career advancement and leadership development opportunities. GE will also continue to benchmark, explore and implement employee programs and benefits that foster a fair and inclusive culture where all employees can thrive.
GE is not just imagining a world where brilliant women are the stars – GE is helping create it. Watch our latest ad, featuring Millie Dresselhaus, the first woman to win the U.S. National Medal of Science in Engineering.
Read more here GE Reports.