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What is the workplace of the future? - ICICI Lombard’s study

• By Neelanjana Mazumdar
What is the workplace of the future? - ICICI Lombard’s study

COVID-19 has changed many aspects of our life, including the workplace. In a short span of time, we have moved from physical to virtual to hybrid working. As the second wave remerges, many of us are back to the virtual ways. Adjusting to the dynamic environment by employees is a known. What is not known are the feelings and mindset that these employees hold regarding the new normal. Have employees embraced the new remote way of working? Are they satisfied with it? Has it helped them work better as they spend less time commuting? Are they open to continue this work style over the long term?  

To get an answer to such questions and more, ICICI Lombard General Insurance, India’s largest private non-life insurance company, undertook a PAN India survey with over 1000 respondents recently. The sample group, hailing from a mix of metro and smaller towns, researched employees working in diverse industries such as Information Technology, Financial Services, Telecom, ecommerce, and Consumer Goods among others. 

On the survey findings, Jerry Jose, Head - Human Resources, ICICI Lombard General Insurance, said, “Our operating environment and ways of working have been disrupted since the onset of the pandemic. Even as firms continue to adapt to the new normal, the resulting individual and team issues faced by employees need to be addressed separately. As we transition to ‘Flexiable’ - a work culture that builds employee and team capability to adopt and promote remote working - continuous employee feedback through multiple surveys helps us appreciate the challenges and drivers that help us to build a conducive, enabling, and productive work environment, be it at office, home or from anywhere else.” 

Key Insights

Work from Home (WFH)/ Hybrid working is more prevalent in metros. Work from Office (WFO) is largely driven by smaller towns. 

Employee Satisfaction

Areas that India Inc. need to address to improve WFH satisfaction.

The Verdict – WFH or WFO

The key reasons for choosing office work on select days was to attend meetings or accessing physical documents at the workplace. To perform in the new hybrid workplace, employees need the following:

Critical aspects for firms when it comes to the future of work.

While WFH is not perceived to be low productive, 60% respondents feared job loss due to this. 

Enabling infrastructure

Summing it up, Jerry Jose said, “The survey has highlighted the much-needed insights in aiding our own journey of adopting a hybrid work model wherein 50% of the employees would operate from a non-office location in the long run. This study along our employee survey insights have also helped us in shaping a future-ready workplace - providing options for remote working to all  employees, strengthening and streamlining our physical infrastructure and technology, setting new work practices for enabling work through meetings, engagements and collaboration across teams and managing performance in a hybrid working environment.”