Work from home is a rising trend in today’s working world in which employees can conveniently plug-in from wherever they are. A work from home policy is a mutual understanding between the employer and the employees who prefer to have home privileges for the job. While some companies with work from home have a standard remote work option, others take up it during emergencies like the current COVID-19 situation.
The coronavirus and subsequent social distancing norms have caused a revolution in the work from home scenarios. As COVID-19 continues to spread, many business houses have already started pursuing work from home quite seriously. In order to make work from home more convenient than ever, tech giants like Google and Microsoft have innovated cutting edge video conferencing tools.
Drawbacks of work from home policy
Working from home is a relatively new concept for most Indians but thanks to the pandemic, we have rapidly adapted to it. Though there are several advantages associated with work from home like flexibility and safety, continuous working from home over a period of time may create several issues like:
1. Monitoring performance:
With work from home, monitoring the performance of the staff can be very difficult. Even if the employees are online, sometimes the work may have got hampered because of the network issues.
2. Cost of working from home:
The cost of working from home can be very high at the initial level. Managing the equipment, electricity and other expenses can add substantial expenses for the operations.
3. Staff development:
The task of maintaining employees’ growth and skills development can become very difficult with work from home culture.
4. Security of the information:
Maintaining the security of shared information can become a challenge for companies with work from home policy. Since everything is transferred using a public network maintaining the sanctity of the information can become a challenge sometimes.
5. Not all jobs suit home working:
Some jobs are more suitable than others for work from home setup. Working from home may become suitable with certain personality styles, but not with others. Some people prefer direct interaction with colleagues for carrying out their work.
Indian companies with work from home policy
Larger corporations such as Google and Facebook have publicly announced that workers will be paid a $1000 subsidy for work from home until 2021. Uber has revealed an allowance of $500 under their work from home policy. Similarly, for the next two-four months, Indian businesses are likely to allow most of their employees to continue to work from home.
They are not prepared to let down their guard against COVID-19, even though office lockdown curbs have been eased. Also, many companies with work from home feel that the existing system works well enough and would not like to endanger the health of their employees. Here some of the leading Indian companies with work from home policy
Instant messaging app Hike recently announced that it has moved for the remainder of 2020 to a remote working model. It also announced that it will provide a compact office chair and table to its employees at their home.
Tata Consultancy Services (TCS) followed the new standard and in April became one of the first big IT companies to announce work from home for its staff. Also, the IT company announced that it will have three-fourth of its total working force to work from home, by the year 2025.
IT giant Infosys announced permanent work from home for around 50% of its total workforce. The IT service major is also looking for flexible work from home model for its employees.
Unacademy, the Indian online education start-up expanded its remote work strategy until January 2021. It is the first new-age organization to announce such a move.
The payment company offers a no-questions-asked allowance for its employees to improve their internet access, setting up work stations, and other expenses for working from home. It has also collaborated with Rentile on office furniture for their employees.
6. IBM India
IBM aims to expand its emphasis on working from home. The organization has agreed to make 75% of its employees work from home. In nearly half of its offices in major cities in India, the tech firm plans to discontinue lease agreements.
Hospitality major OYO also introduced measures directed at employee well-being earlier this month. It stated that team leaders would ensure that teams only work during mandated working hours, take personal time-outs, and make annual holidays available. Oyo also provides its staff with a 50 percent discount for a 12-month membership of cure.fit.
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Work from home and the continual rise of co-working spaces
Working professionals faced a series of problems, such as lack of adequate space, noise-free environments, etc. which transpired into loss of productivity. As a result, certain companies started encouraging employees to work out of a coworking space for better connectivity and a professional environment.
The unique advantages of co-working spaces
Coworking workspaces, a movement adopted by entrepreneurs, small enterprises, start-ups, and freelancers can cure the unexpectedly lonely path traveled by remote employees.
Working in a coworking environment helps increases morale and productivity, as well as decreases the feeling of being cut off from one’s peers.
Coworking spaces are a great choice if you are looking for a noise-free environment with high-speed internet. You can rent a desk, office, or meeting room in a myHQ coworking space depending upon your particular requirement. A coworking space provides you the luxury to use a professional setup while also taking advantage of flexibility. The myHQ Coworking spaces are cost-effective and have flexible plans and have no long-term contracts.
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