Get the latest financial, economic and market news, instantly.

You can change your preferences any time you want!

Embracing flexibility with work: A new era for India's workforce

Flexible jobs, firms and employment policies will have several knock-on benefits, which we must notice and push for. (iStock)
Flexible jobs, firms and employment policies will have several knock-on benefits, which we must notice and push for. (iStock)

Summary

Flexible work options empower employees, stimulate local economies and drive inclusive growth in smaller towns

What is common between the Steel Authority of India (SAIL), a steel behemoth, and Infosys, the iconic IT services company? They are as different as chalk and cheese, but, interestingly, both are getting more flexible about their workplace policies and, in the process, paving the way to explore new work models for organisations.

In May, SAIL announced the Work from Other than Workplace (WoW) policy. Under this policy, employees could choose to work from a place other than their normal office/base location. Generally, we don’t expect such flexibility from a typical public sector company.

On the other hand, in June, Infosys was in the news, as it announced a series of financial incentives to its employees to move to Hubbali, the well-known tier 2 town in Karnataka. This was a conscious push towards encouraging work from other than Bengaluru.

Both these seemingly unrelated policy events are signalling a new future for how India Inc. has been looking at work and workplaces. In fact, behind all the return-to-office mandates grabbing media headlines periodically, there is fine print about how the companies are asking people to come to the office only for a few days. Much of the knowledge sector work globally has already moved to hybrid work, an arrangement that legitimises remote work and presents an acceptable mechanism for our needs to socialise in offices, periodically.

Also read: Pavan Guntupalli: On a Rapido ride

A recent study by recruitment agency CIEL HR showed that six out of 10 technology companies have adopted hybrid work, with employees going to the office for only a few days a week.

mint-premium

Hi! You're reading a premium article! Subscribe now to continue reading

Subscribe nowarrow
Already subscribed?

Premium benefits

  • icons
    30+ articles from print edition and premium publication daily
  • icons
    Present across social media apps to keep you updated
  • icons
    In-depth Market Reports from leading experts
  • icons
    Most loved Mint podcasts on 35+ topics
  • icons
    Sharp insights supported by simple data and visuals
computer

Unlock 30+ well researched
and bias free premium articles daily

icons icons
icons icons

Access to global insights with
100+ exclusive articles from
international publications

Get complimentary access to
3+ investment based apps

TRENDLYNE Get One Month GuruQ plan at Rs 1
FINOLOGY Free finology subscription for 1 month.
SMALLCASE 20% off on all smallcases

5+ subscriber only newsletters
specially curated by the experts

Free access to e-paper and
WhatsApp updates

Not convinced yet?

Share your contact details and
we will get in touch with you…

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
more

topics

Popular Premium