DE&I
q u i c k
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More VC firms prioritizing DE&I: Deloitte survey The number of US venture capital firms with either diversity or an inclusion strategy has increased by one-third since 2018, according to the findings of a new survey jointly conducted by the National Venture Capital Association (NVCA), Venture Forward, and Deloitte. Previous
editions of the survey had shown that firms incorporating diversity, equitability, and inclusion (DE&I) into their human capital strategies do in fact have more women and Black professionals, although the numbers remain low—at best, women make up 25 percent of investment profession-
Compensation & Benefits
HR Tech
Uber grants employee status to UK drivers
Uber is granting employee status to over 70,000 drivers across the UK with the effect this week, slightly less than a month after the Supreme Court ruled that the ride-hailing company must treat its drivers as workers and not self-employed independent contractors as it has historically argued. As employees, the thousands of drivers in the UK
als and Black employees makeup only 5 percent. The attempt to improve DE&I is still only nominal, though. While the overall number of women and racial minorities on investment teams has increased, the survey shows that most of the numbers come from the junior levels. Women and minorities are still left behind in terms of leadership responsibilities, whether in originating deals, in representing investment firms on the boards of portfolio companies, or in management company ownership. Only 16 percent of investment partners are female and only 3 percent are Black.
Employment Hero raises US$35m Series D funding will be entitled to the national living wage of at least £8.91 per hour (US$12.37), benefits including paid leave and a pension, and employment rights such as break times and collective bargaining.
of achieving them. The findings show that 85 percent of women 85 percent women not getting promotions due to employees not given gender biases as well as 9 in 10 promotions: Linkedin (89 percent) women state that LinkedIn has launched the Oppor- they were negatively impacted by tunity Index 2021 report to under- the COVID-19 pandemic.India’s stand how people, especially working women still contend the women seek opportunities and the strongest gender bias across Asia challenges that stand in the way Pacific countries.
Sydney-based Employment Hero, an HR tech startup, has raised A$45 million (US$35 million) in a Series D funding round led by employment and education group SEEK, a longtime investor of the company.
Compensation
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| APRIL 2021
This is the largest funding round in Australia this year so far. This latest funding brings Employment Hero's total valuation to A$250 million (US$193 million).
