1 in 3 Indians saving up to Rs 5K a month due to work from home

1 in 3 Indians saving up to Rs 5K a month due to work from home
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Mumbai: At least one in three persons (29 percent) employed in urban cities in India are saving Rs 3,000-Rs 5,000 on an average in a month as a result of working from home, which was otherwise spent on commuting, clothing and food in the normal scheme of things, a new survey said on Tuesday.

While 74 percent of the respondents in the online survey said they are willing to work remotely, 80 percent pointed out that their job roles can be performed from a remote environment, according to the survey from Awfis, India’s largest homegrown flex workspace provider.

The survey was conducted over a period of two months (June and July) across seven metros and analysed inputs from 1,000 employees across diverse industries.

While 47 percent of employees reported a lack of a comfortable desk and chair, 71 percent said that they will be successful in working from home if they have a dedicated area to work from.

Nearly 60 percent of employees usually spend more than an hour commuting to and from the office. Owing to work from home, on average, an employee saves 1.47 hours of travel time daily — translating to time worth 44 additional working days in a year, the findings showed.

“To be effective, organisations across diverse industries need to understand the changing requirements and challenges faced by their employees and provide them with the required resources,” said Amit Ramani, CEO and Founder, Awfis.

The positive sentiment to work from remote locations can be attributed to factors like significant cost savings, considerable time savings, better time management and self-discipline.

Nearly 27 percent of the employees felt they lack opportunities for engaging with colleagues and developing strong networks.

“A combination of virtual and physical environments will come to define the future of how India works, thereby giving rise to the emergence of distributed workspaces that will cut across physical headquarters, satellite offices and homes pan-India,” the survey said.

For example, a company with a strength of 100 employees will follow a 60/30/10 split for deciding the work location (work from home, work near home or work from the main office).

The co-working sector is poised to become 20 percent of the total commercial estate market (CRE) market in the next two-three years, as compared to the current five percent.

“By means of this survey, we were able to deconstruct the employee perspective and share critical insights that would help managers and organisations in devising sustainable remote working strategies,” Ramani said