Hyderabad:More than anything, novel coronavirus or COVID-19 is disrupting the way businesses are operating across the world.
With the number of coronavirus cases rising almost every hour in India, Work From Home (WFH), which is a form of ‘social distancing’, is making a buzz in boardrooms that are struggling to find solutions for disruptions caused by the virus.
Falling in line, companies across the spectrum – Reliance, Tata, Wipro, etc have initiated WFH protocol in response to evolving coronavirus situation. Not just private companies, the Central Government has also asked 50 per cent of Group B and Group C employees to work from home beginning on 19 March as a preventive measure.
It has also requested States to enforce work from home for private sector employees except those working in emergency or essential services.
WFH Not New
In COVID-19 driven WFH, market analysts see a silver lining of new work culture. “Enablers for virtual interactions and collaborations through digital like video calling, telepresence, zoom, WebEx, social hangouts etc have always been there but did not gain adoption. It is bound to change. Good thing is that it needs only adaptation in using them & not innovation”, said Rajesh Dhuddu, Global Practice Leader, Blockchain, Tech Mahindra.
Saying remote working has yet not taken off in a big way in India, Rajesh observes “Government agencies and regulators that had stringent provisions to facilitate WFH are proactively liberalising them”.
Reduce Costs
For businesses that have been struggling for over one year due to weak demand COVID-19 proves to be a constraint on recovery efforts.
Reduced expenses on rent, electricity, house-keeping, transportation and other overheads on the back of WFH will help companies in reducing overall costs and become competitive in the market.
Expenses incurred by companies operating out of shared workspaces, which runs up to Rs 10,000 per one workstation, prove the point.
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Apart from saving costs, WFH is environment friendly.