News

Over 70 per cent companies likely to continue work-from-home policy for next 6 month: Survey

PTI New Delhi | Updated on May 20, 2020 Published on May 20, 2020

More than 70 per cent of companies are likely to continue the work-from-home policy for a percentage of their total staff for the next six months to maintain social distancing and for business continuity, according to a survey by Knight Frank.

The property consultant surveyed over 230 executives who handle the corporate real estate portfolio in large companies across various sectors.

Most respondents to the survey said that their company productivity was not affected due to the forced work-from-home arrangement since the lockdown.

The nationwide lockdown was imposed from March 25 to control the spread of Covid-19. However, relaxations have been given from the beginning of this month, barring some hot spots.

Knight Frank survey, however, found out that connectivity and distraction from family were two critical challenges faced by the companies’ workforce while operating from remote locations.

“An overwhelming majority of 72 per cent said that they are likely to continue with the work-from-home arrangement in the next six months due to the social distancing norms and as business continuity process,” Knight Frank India said.

Nearly 50 per cent respondents said more than 30 per cent of their workforce will work from home in the next six months. Only 7 per cent of those who participated in the survey said no employees will work from home.

About 62 per cent of the total respondents said that they will either retain (38 per cent) or increase (24 per cent) their current office space portfolio.

Shishir Baijal, Chairman and Managing Director, Knight Frank said, the survey gives us a perspective that real estate users are unlikely to reduce their current portfolio mostly due to the norms of social distancing.

Till a viable treatment for Covid-19 is found, office space users will have to maintain or acquire more space to accommodate the existing team, he said.

“Work-from-home will co-exist, but office space will not lose its importance as a strategic tool for corporate culture development and a source of competitive advantage,” he said.

Post Covid-19, Baijal said corporates would devise more formulae which will include work-from-near-home alongside work-from-office and work-from-home.

On the productivity level of employees, 35 per cent respondents feel that current work-from-home policy has yielded the same productivity as the pre-lockdown phase, while 28 per cent said output has increased.

Around 26 per cent said the productivity went down, while 11 per cent said it was difficult to assess.

Published on May 20, 2020

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.