World is witnessing the impact of Covid-19 on all facets of life, in all countries and in all industries. No one is certain about how much and how long the impact of the pandemic will last on the global economy. All enterprises will experience challenges in acquiring new clients, renegotiating existing contracts, and dwindling revenues. These will put pressure on cash flows forcing enterprises to reengineer business models to reduce costs.
During the lockdown, Indian industries made employees “Work from Home” (WFH) as per government’s mandate. As a result, about 90% of employees worked from home with 65% of them from homes in metros and rest 35% from homes in small towns.During the lockdown, the IT industry transitioned to WFH model rather smoothly providing business continuity to clients without lowering quality or productivity, surprising industry leaders and customers alike.
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With increasing numbers of employees working at home - or using home as a working base for at least part of the week - it's clear there are a number of benefits for business, such as:
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