Frost & Sullivan Institute Newsletter - November, 2023

Get to know our team! Chirag Sharma – Digital Marketing Executive

The Frost & Sullivan Institute stands as a catalyst for change and progress. Recognizing the transformative potential of innovation and the critical importance of global priorities, The Frost & Sullivan Institute is steadfast in addressing seven global priorities. In a world saturated with information, The Frost & Sullivan Institute's Socratic approach offers a well-defined path towards 'Innovation to zero.' We invite you to join us in shaping the narrative of our future, where education, healthcare, infrastructure, and equality become universal human rights. Together, let's embark on this journey and harness the digital landscape to create a healthier, happier, and more equitable global community.

Gender Wage Gap: Challenges, Implications, and Best Practices.

• The Wage Disparity: The persistent gender pay gap continues to be a discouraging concern in an era characterized by advancements and innovation. Despite recent advancements, its repercussions on society and individuals persist, frequently going unnoticed.
• Effects on Women: During periods of extreme weather, women are particularly burdened with domestic and caregiving duties, which contributes to an increase in unpaid labour.
• The Economic Consequences: The provision of equitable wages has the potential to stimulate consumer spending and household income, thereby fostering a robust economy. Yet, working mothers residing in rural regions continue to face obstacles, despite frequently assuming the role of the main provider of income.
• Gap in Global Gender Pay: The gender pay gap in the United States is approximately 17%, with women earning 82 cents for every dollar earned by men.
• The rate of progress in narrowing this disparity has been sluggish, and estimates indicate that bridging the worldwide gender pay gap could require 257 years. In order to eradicate wage disparity, it is imperative to adopt a comprehensive and integrated strategy.

The empowerment of women in the workplace and the promotion of fair employment practices through competency mapping can collectively contribute to the establishment of a more equitable future. Find out more about Gender Wage Gap: Challenges, Implications, and Best Practices.

Enlightened Growth Leadership Spotlight: Celebrating Excellence in Growth Leadership

ChampionX wins the "2023 Frost and Sullivan Institute Enlightened Growth Leadership Award"! The company deserves this honor for its outstanding qualities.

• ChampionX is a world leader in drilling technologies, artificial lift solutions, automation and optimization equipment, and chemistry programs and services for the oil and gas industry. With their knowledge, new products, and digital technologies, they aim to improve oil and gas production, transportation, and monitoring of emissions in real-time throughout a well's lifecycle.
• ChampionX has consistently outperformed its competitors by offering superior products and services, pushing the limits of innovation, caring for the environment and local communities, and steadfastly addressing global issues like discrimination, clean drinking water, and education. Their business growth while addressing the world's biggest issues is impressive.
• We honor their remarkable journey, where business goals seamlessly merge with your dedication to corporate citizenship and business and technology innovation. ChampionX demonstrates how companies can improve the world.

Festive Glows and Thankful Hearts: Our Celebration Recap

In the spirit of this Festive season, we recently had the pleasure of hosting a one-day stall at Frost & Sullivan, Chennai, where we enjoyed the delectable offerings of "Thank U Foods," an initiative by the Indian Association for the Blind (IAB). This event not only satiated our sweet cravings but also embodied the essence of inclusion, gratitude, and giving back. In conjunction with the Indian Association for the Blind, we also distributed specially curated gift hampers to our dedicated housekeeping staff this Thanksgiving. These hampers included an assortment of delightful cookies and sweets made by the incredible individuals from IAB. Our partnership with the Indian Association for the Blind allowed us to support a meaningful cause and, at the same time, express our heartfelt gratitude to the diligent individuals who play an invaluable role in maintaining our workplace at its finest.

About the Frost & Sullivan Institute:?

Frost & Sullivan Institute is a 501(c)(3) non-profit organization that is unique in using business practices to address global priorities and ‘Innovate to Zero.’

Frost & Sullivan Institute collaborates closely with Frost & Sullivan Inc. to identify possibilities for transformation that will emerge from innovation, disruptive technologies, and encompassing megatrends. We aim to identify change agents and visionaries to address issues in our priority areas: Education, Healthcare, Infrastructure, Human Rights, Sustainability, Security, and Economic Inequality. Frost & Sullivan Institute collaborates with innovators and encourages thought leadership and shared experiences. We use best practices, thought leadership and research to collaborate with governments and communities to develop solutions facing the world today.?

With proper data and analysis from Frost & Sullivan, we identify how we can measure and monitor our progress. We believe in data-driven decisions and closely monitor our progress in our research practices to ensure efficiency.