68% companies continue to offer WFH option as benefits outweigh drawbacks
Remote work was a novelty before Covid-19 broke out, with less than one in three companies (30%) in India offering the option, but stringent restrictions during the pandemic made almost all companies adopt WFH policies. And 68% companies continue with these policies, said a joint report by industry body Confederation of Indian Industry (CII) and business school Faculty of Management Studies (FMS), titled ‘Work-from-home: Benefits and costs’.
While about 5% of companies allow fully remote work, almost half of them expect employees to be present in the office for two-three days a week.
The study received responses from 115 companies across diverse sectors, with over half of them employing more than 1,000 people. Respondents rated their level of agreement on a series of statements using a 5-point Likert scale, where 1 indicated strong disagreement and 5 indicated strong agreement.
There was moderate agreement on the impact of remote working, with average response scores indicating savings of over 25% in office rentals (3.5), substantial cost reductions in meetings and client interactions (3.6) as well as employee meetings within the organisation (3.6).
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