In order to be more efficient, Cognizant has asked its employees to work from home and they will reimburse INR 1500 as broadband charges in Chennai. This gives the company more flexibility in hiring more coders and the management team mates can work from home.
This is actually great news and an Industry leader taking this small step will encourage a lot of Large and Mid Size Corporates to actually rethink their plans.
In a city like Mumbai, where traveling from one end to another end and just come to work and sit on a computer can be punishing due to a 4 hour daily commute in a lot of cases.
The new trend to be seen in new office relocation space, is that the Top Management is one location, and the back office is managed in another. For example, if you have an office in BKC you are paying an average rent of Rs.150/- to Rs.250/- The Capital or One BKC or even more in Buildings like Maker Maxity, so if you move your support team or accounts team to a Thane or Navi Mumbai, you can get lease rental values of Rs.50/- to Rs.80/- in good quality office space.
A few years back Bayer India moved to an office space in Hiranandani Estate, Thane. They sold off their Corporate office in Hiranandani Gardens, Powai and moved to Thane. Similarly, TCS has taken 20 Lacs sq.ft of office space in Hiranandani Estate, Thane. The idea being that make it easy for employees to come in as a lot of new generation business is handled by the Young and the Dynamic Team mates who are located in far suburbs.
With every penny saved on lease rent outflows, one can surely save and spend in employing more people, giving them better comforts and grow businesses.
With Technology growing and making life a tad easier with better broadband speeds, its easily to connect the 2 offices by a Video link and create to LED Walls in both offices to stay connected.
It be interesting to see how Reliance Jio and other telecom companies evolve to get more and more people connected with higher broadband speed and changing the way one works.
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CEO – Real Estate Mumbai.com