70% of Hyderabad IT companies prefer hybrid WFH, WFO model to fuel growth: Study
A total 73 percent of companies are looking to get minimum 10 percent and a maximum of 50 percent of employees back in the office by December 2021.
By Newsmeter Network Published on 4 Aug 2021 4:24 AM GMT
Hyderabad: A new study has revealed that 70 percent of IT/ITeS companies feel that partial Work from Home (WFH) and partial Work from Office (WFO) will be the preferred model in future.
The hybrid model refers to partial Work from Home (WFH) and partial Work from Office (WFO). Post lockdown, most of the employees have been working from home. This has created a new model wherein employees complete their tasks from home without compromise on quality, productivity, and targets.
According to a survey titled 'Future Work Model' conducted by Hyderabad Software Enterprises Association (HYSEA), the apex body of IT/ITeS companies in Hyderabad, the hybrid model based on rotation will be the preferred future work models of the organizations.
According to the survey findings, 37 percent of companies prefer hybrid model (WFH+WFO) based on rotation while 33 percent are for a hybrid model with partial week WFH and partial week WFO.
As many as 22 percent of companies stated they are not yet sure. Six percent prefer a return to pre-Covid normal while only two percent want to have only essential employees WFO.
Nearly 25 percent of HYSEA members responded to the survey. They represent nearly 25 percent of the IT/ITeS population in Hyderabad.
Medium/large/very large (MLVL) companies form a substantial 36 percent of the total respondents, giving the survey results credibility. Nearly 45 percent of the respondents are GCCs (global companies with their technology operations in Hyderabad)
According to the survey, small companies seem to have moved first in getting employees back to the office. Nearly 20 percent of the responding companies said they already have more than 20 percent of staff WFO.
Across sizes, nearly 76 percent of all companies have less than 9 percent WFO. Among the MLVL (>around 500 employees) companies, this WFO percentage is less than 5.
Ninety-one percent of the companies have more than 25 percent of their workforce operating from outside Hyderabad. A significant 53 percent have more than 40 percent of their workforce operating from outside Hyderabad. This is more prevalent among the MLVL companies with the average being over 40 percent.
Assuming an overall workforce of 6 lakh plus, this translates to nearly 2 lakh being outside Hyderabad. This factor is eventually turning out to be a big constraint in getting employees to return to the office.
A majority of the MLVL companies want to get their employees back to the office in 2021. A total of 33 percent of all companies want to get employees back to the office in 2021. Another 41 percent want to do so in 2022. The survey reveals that 25 percent are not sure of their plans and prefer to wait and see how things evolve.
A total 73 percent of companies are looking to get minimum 10 percent and a maximum of 50 percent of employees back in the office by December 2021. The remaining 27 percent of the companies will be operating with less than 10 percent of employees working from office by December 2021.
Among the MLVL companies, nearly 60 percent are looking at getting more than 20 percent and in some cases, more than 50 percent of the employees back to the office by end of 2021.
By end of March 2022, 79 percent of companies (including MLVL) will have anywhere from 30 percent to 90 percent employees WFO. It translates to a minimum of 2 lakh and a maximum of 5 lakh employees back in offices by March 2022.
