Redfin Technology Team Grows to 32 Percent Women in 2017
December 06 2017 - 7:00AM
Business Wire
Redfin Releases Annual Data on Employee
Diversity, Prioritizes Ethnic and Racial Diversity as Gender
Representation Continues Growth
(NASDAQ: RDFN)-- Redfin’s technology team, which includes
engineers, product managers and product designers, grew from 30
percent women in 2016 to 32 percent in 2017, according to a new
report from Redfin (www.redfin.com), the next-generation real
estate brokerage. This is significantly higher than other major
technology companies’ self-reported data. Each year, Redfin
publishes a report on racial, ethnic and gender diversity in an
effort to increase transparency within the industry.
In addition to growing the percentage of women in technology
roles, Redfin increased the number of women in the rest of its
corporate staff, from 57 percent in 2016 to 60 percent in 2017.
Redfin’s field organization—its real estate agents and the roles
that manage and support them—is also 60 percent women.
Men and Women by Department at
Redfin
Gender 2016 2017 Field
Business Tech
Overall Field
Business Tech
Overall Men 38.2%
42.5% 72.4%
42.3%
39.7% 39.8%
68.3%
42.4% Women
61.8% 57.1% 27.7%
57.6% 60.2%
59.6% 31.7%
57.5%
In both 2016 and 2017, the company overall was 58 percent women,
but more of those women moved into management positions in 2017.
Forty-six percent of Redfin’s managers are women, up from 44
percent in 2016.
Redfin’s racial and ethnic diversity increased modestly over the
past year among employees who identify as black or Hispanic.
Racial and Ethnic Diversity of Redfin
Employees
Race or Ethnicity 2016 2017
Field Business Tech
Overall Field
Business Tech
Overall Asian 5.8%
15.7% 38.2%
10.7% 5.9% 15.2%
38.0%
10.3% Black or
African American 6.7%
3.9% 0%
5.6%
7.1% 8.8%
1.4%
6.9% White
72.8% 70.0% 50.0%
70.0% 68.4%
62.3% 47.1%
65.5%
Hispanic or Latino 7.4%
1.8% 2.9%
6.0%
8.2% 2.7%
3.4%
6.9% Two or More Races
3.2% 6.1%
4.7%
3.9% 2.8%
5.5% 5.3%
3.4%
Hiring more black and Hispanic software engineers, product
managers and product designers is a top priority for Redfin.
“Folks in these roles have an unusual amount of power,
determining what millions of online visitors see on our website and
our mobile application. While recruiting and developing women for
technical roles continues to be important, in 2017 we decided that
racial and ethnic diversity would become a higher priority,” said
Redfin CEO Glenn Kelman in the blog post.
Redfin is also focused on making its field operations team more
racially diverse to better reflect the people that they serve. From
2016 to 2017, the percentages of Asians, blacks and Hispanics in
Redfin field operations all increased.
Redfin hopes to make the most progress in developing people of
color to management roles within the company. Compared to their
levels of representation within the company overall, Asians, blacks
and Hispanics are underrepresented in management ranks. To achieve
this, Redfin will introduce company-wide programs that include
documented promotion criteria for all roles with more than five
employees, data-driven guidance on pay raises and mentorship.
“Of the 13 people at the company with a vice-president title or
higher, one is Asian and none are black or Hispanic. Retaining,
developing and promoting more people of color into management roles
is a high priority for me as Redfin’s CEO,” Kelman said.
To read the full report with additional diversity stats and
charts, please visit:
https://www.redfin.com/blog/2017/12/diversity-at-redfin-in-2017.html
About Redfin
Redfin (www.redfin.com) is the next-generation real estate
brokerage, combining its own full-service agents with modern
technology to redefine real estate in the consumer's favor. Founded
by software engineers, Redfin has the country's #1 brokerage
website and offers a host of online tools to consumers, including
the Redfin Estimate, the automated home-value estimate with the
industry's lowest published error rate for listed homes. Homebuyers
and sellers enjoy a full-service, technology-powered experience
from Redfin real estate agents, while saving thousands in
commissions. Redfin serves more than 80 major metro areas across
the U.S. The company has closed more than $50 billion in home
sales.
For more information or to contact a local Redfin real estate
agent, visit www.redfin.com. To learn about housing market trends
and download data, visit the Redfin Data Center. To be added to
Redfin's press release distribution list, subscribe here. To view
Redfin's press center, click here.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171206005255/en/
Redfin Journalist Services:Natalie Schwab,
206-588-6863press@redfin.com
Redfin (NASDAQ:RDFN)
Historical Stock Chart
From Apr 2024 to May 2024
Redfin (NASDAQ:RDFN)
Historical Stock Chart
From May 2023 to May 2024