The majority of Indian companies will play it safe and operate in hybrid mode at a time when a new Covid variant in China threatens to knock the global economy out of gear once more.
Majority of Indian Companies to prefer Hybrid Mode of working, as Covid 19 variant in China has the potential to adversely impact global economy
A better work-life balance will be possible for employees at organisations including Flipkart, Marico, Tata Steel, LTIMindtree, Boston Consulting Group, and Eaton in 2023 thanks to their plans to continue using the hybrid work model.
Companies want workers to be in be in office, however work environment has gone fundamental shift, employees can be equally productive while working from home
The hybrid work paradigm benefits both employers and employees by enabling companies to complete tasks that call for in-person meetings and close collaboration while offering individuals the flexibility they need.
According to Krishna Raghavan, chief people officer of Flipkart, the business has been running in a hybrid mode for the past few months. According to both employee demands and outside influences, the company plans to stay adaptable in its approach and change the model as necessary, continued Raghavan.
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In Manufacturing Industry the work model for white collar workers are flexible , however blue collar workers are attending offices regularly
In the manufacturing industry, the bulk of workers have returned to their offices, but the flexible work paradigm put in place during the pandemic is still in place for white-collar workers. The similar strategy is used by Tata Steel, with white-collar employees’ work schedules remaining flexible while blue-collar workers regularly attend offices.
According to a Tata Steel representative, the proportion of staff working remotely has increased at the firm since the pre-pandemic period.
Yin Yang Model has become popular, because it categorizes different roles under different ‘personas’ such as client work, work office and home office depending on the requirements for different roles and responsibilities
Longtree CHRO It is unlikely that the sector would return to operating just from offices all of the time, according to Manoj Shikarkhane. Companies will need to maintain a balance between employees working from offices and employees working from homes, much like Yin and Yang. The business wants to promote the persona-based strategy and expand the model to a large workforce base.
Companies that continue to be accommodating to working conditions would be better able to retain and recruit people, according to Suresh Subudhi, managing director and senior partner at BCG.
92% of employees favour a Hybrid work model
According to a study HP performed in November, the majority of employees favoured the hybrid model. 92% of respondents strongly agreed that the model increases work-life balance, 88% thought it increases employee retention, and 72% thought it increases productivity.
For the majority of workers, there won’t be a daily commute or set 9 to 5 workdays anymore; instead, there will be flexibility between remote and in-person work environments, according to Arvind Usretay, commercial head for India and South Asia at management consulting firm Mercer.
Usretay predicted that in order to improve things for workers, more businesses would invest in hybrid work arrangements.
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