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WFH: Pharma cos negative, tech 50% positive

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Almost 90% of India’s pharmaceutical companies are in favor of working from the office, while 50% in the technology and retail sectors are for hybrid working, according to a survey.

The joint survey by flexible space supplier Awfis and tech-enabled workplace provider Qdesq also suggested that a majority of companies were looking to increase or expand their footprint in the next 12 months and 40% were still in the process of adopting the idea of ​​hybrid working .

Coworking adoption is expected to retain momentum with an increased need for flexible and on-demand office spaces.

“This is an opportune time for flex space operators to reinvent their workspaces, diversify their presence in cities, and carefully analyze tenant expectations to accommodate them effectively as flexibility continues to hold sway over workplace strategies of enterprises of all sizes,” said Awfis chief executive Amit Ramani. According to the survey, 35-40% of companies of all sizes preferred the idea of ​​hybrid working.

Organizations are progressively collaborating with flex space operators to ensure seamless execution of the hybrid work model despite office development in numerous places. Around 45% of corporations are looking for new office spaces including conventional and flex, while 35% have already instituted a multi-office approach through collaboration with coworking spaces, according to the survey.

More than 70% of the small firms that responded to the survey were in favor of working from the office. For larger firms, that number was only 15%, and 70% of them preferred hybrid.

Most respondents to the survey wanted to collaborate with coworking players to implement a distributed workforce, while 30% were searching for more affordable alternatives to rental offices to have more financial flexibility. “No longer confined to small startups, the flexible workspace segment is embracing the arrival of various large enterprises,” said Qdesq CEO Paras Arora.

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