New diversity council is appointed in Reading, HQ to monitor workforce diversity progress
Founder and CEO John Finney announces personal commitment to double female representation within 12 months
London, United Kingdom, 07 December 2020: Tech startup Isotropic Systems, the creator of the world's first multi-service High Throughput Satellite Terminals, today announced its partnership with diversity & inclusion consultancy Inspired Human. Perrine Farque, Founder of Inspired Human and diversity & inclusion expert has partnered with Isotropic to help the organisation drive further diversity in the tech sector. An ambitious programme has been agreed involving the CEO’s personal commitment to double female representation in the workforce within the next 12 months, kicking off the programme in Q4 2020 the company is making huge strides to close the gender gap in the tech sector.
Tackling the persistent gender diversity issue in Tech
“With only 17% of UK tech workers being female and only 11% of women in senior leadership roles in tech, the tech industry has long been recognised for its gender diversity problem. Beyond the under-representation of women, it is the gender pay gap that is creating inequalities in Tech: men in high-tech companies earn 25% more than women,” said Perrine Farque, Founder of Inspired-Human and D&I Expert. By partnering with diversity agency Inspired Human, CEO John Finney will leverage their collective experience from the Tech industry to achieve gender parity at Isotropic. Finney kick-started the programme with a series of diversity workshops hosted by Inspired Human and targeting his leadership team and people managers.
Standing out from the crowd in the startup industry
“Only a quarter of start-ups (26%) are actively trying to increase diversity within their leadership teams, according to Silicon Valley Bank. Only 43% of startups surveyed said they had company-wide diversity goals, while fewer than one-in-five had these goals for executive positions. It is great to see a tech leader take on a personal commitment to set aggressive diversity goals,” said Inspired Human founder Perrine Farque. The training will focus on equipping the top leadership team with the knowledge and skills to approach all aspects of business development with diversity and inclusion in mind. Isotropic is looking to work on a long-term diversity and inclusion programme to ensure it meets not just its current D&I goals but also ensuring it evolves as business overtime.
Not just a moral imperative but a competitive advantage
Inspired Human will work with Isotropic’s top leadership team to articulate the business benefit of gender diversity to further their commitment to tackling the lack of female representation. Research from Morgan Stanley found that companies with a higher gender diversity index had better stock performance; A Gallup study found that business units that were more diverse had higher revenue and a BCG research showed that companies with greater gender diversity among their management team had higher operating margins. A diversity task force has been appointed in the Reading HQ to monitor the progress against the new diversity goals.
“We believe that attracting and retaining diverse employees will allow Isotropic Systems to be more innovative, to open up new markets and to achieve greater productivity. We are committed to becoming a role model in the Technology industry by leading by example. Being a finalist in the Microsoft Diversity in Tech Awards Cultural Inclusion category confirmed our commitment to diversity and inclusion.” John Finney, Isotropic Systems Founder and CEO.
Inspired Human is a London-based diversity and inclusion agency. Working with some of the most established companies, to small Tech startups growing fast, Inspired Human’s world-class team of diversity and inclusion specialists help organisations reach their diversity and inclusion goals by creating real, long-term commitment from the leadership team through training, speaking engagements and consultancy.
About Isotropic Systems:
Isotropic Systems is developing the world’s first multi-service, high-bandwidth, fully integrated range of high throughput satellite terminals designed to support the satellite industry to 'reach beyond' traditional markets and enable a new age of connectivity on land, in the air and at sea