According to a study, the ability to hire employees from spatially dispersed locations may help to promote more balanced geographical development while also alleviating various types of pressures on major metropolitan areas in India.
According to the study, titled ‘Work-from-Home: Benefits and Costs: an Exploratory Study in the Indian Context’, Covid has resulted in many alternative systems, with work from home being a prominent outcome that is changing the employment landscape.
Since then, numerous businesses have implemented remote and hybrid work techniques.
The analysis concluded that the new approach has resulted to moderate savings in office leasing expenses and enabled a moderate decrease in expenditures involved in meeting and working with clients.
A limited amount of adjustments in employee compensation structures have been made possible by the savings in employee commuting and accommodation costs. Employee stress related to commuting has been decreased, which boosts their energy levels.
Nevertheless, the study also discovered that remote working hinders teamwork and has resulted in less effective communication.
It implies that working remotely may make it more difficult for organizational culture to emerge and persist. Regarding the costs and advantages for workers, respondents believed that remote work was especially advantageous for caretakers and parents of small children.
It has also been noted that employee productivity has increased somewhat. However, the study noted that some respondents had trouble distinguishing between their personal and professional lives, which resulted in higher levels of stress.
Additionally, a lot of workers don’t have a dedicated, uncluttered office at home. Furthermore, scheduling flexibility might provide significant challenges for people who struggle with self-control.
The study also found that attendance tracking and other conventional supervisory techniques had lost some of their effectiveness. Performance-based monitoring has significantly changed as a result of remote working. Furthermore, in order to guarantee employee success, remote working has made a greater reliance on trust vital.
According to the study, remote labor has significantly reduced the carbon footprint of the corporation and helped organizations achieve their ESG (environment, social, and governance) objectives.
Even if working from home has clear advantages for both employers and workers in the short term, there may be some long-term drawbacks. According to the study, these losses could be intangible and have to do with building and maintaining human, emotional, and social capital.