India’s IT and ITES sector spearheading the work from home (WFH) model is set to usher in a radical restructuring of business models that will transform everything from collapsing management hierarchies, expenses on commercial real estate to the hiring of top talent.
“If your role is not critical and doesn’t require you to be in office, you can well expect to WFH for remainder of 2020,” says Sanchit Vir Gogia, chief analyst and CEO at Greyhound Research.
Companies like TCS have already announced that even after normalcy, only 75 % of their 4.5 lakh workforce will permanently work from home or anywhere else. TCS plans to move to this work model and put the required processes and systems in place over next two years. “This will release a huge amount being spent on office space, rent, operating, administration and transport costs,” said Gogia.
[HT Mint]
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Analyst:
Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.
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