The cryptoasset sector is increasing its recruitment of new personnel, with crypto hires growing by 73% in the US between 2019 and 2021.According to a recent LinkedIn report, the number of women working in the field is also increasing, but their proportion of the overall workforce is declining.
According to the study, annual average employment rates in America’s six most popular ‘traditional’ finance sectors drop by 0.9% between 2021 and 2022, with net hires decreasing by 1% compared to 2019.LinkedIn members have already started a cryptocurrency career more than 5,000 times this year.
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However, “crypto’s rapid employment growth has not been spread evenly, and while women have long been a minority in the sector, the difference is widening. According to LinkedIn’s information, 70% of new cryptocurrency employees were men and 30% women from 2018 through 2021.
According to a study by the Institute for Women’s Policy Research, women’s participation in the labor force has decreased from 45 percent in 1970 to 26.5 percent in 2014, a significant difference from industries like banking and investment management, where women have held steady at roughly 43% of net new hires over the same time period.
In spite of the increasing number of female hires in the sector, women’s share of crypto industry hires fell by 5 percentage points over the next five years.
On the other hand, between 2019 and 2021, the proportion of women finding employment in the crypto sector rose by 35%, according to data from the platform.
Kevin Logan, a crypto-focused recruiter, said that every founder he has worked with in the last three to four months has made finding diverse candidates a top priority when starting their talent search.
“Crypto is a chance to do things differently — that’s the whole point, right?” Logan was quoted in the report. “We should begin by establishing procedures to eliminate bias and remove barriers to diversity from the outset.”