February 28, 2024


Delighting finance buffs

Work from home can create jobs, boost economy but requires innovation, say CEOs & HR professionals

Startups and CEOs had a first-hand experience with the work from home (WFH) culture during the first and second phase of the nationwide lockdown in various parts of the country.

The experiences are quite encouraging as far as the scope and ambit of WFH in future is concerned. The CEOs based in Chandigarh see a lots of scope for the new working style.

KS Bhatia, CEO of Pumpkart.com, who was mentioned by Google CEO Sundar Pichai many times feels WFH has the potential to boost the employment sector besides the real estate.

“Two new things which Indians witnessed during the lockdown period are work from home and education from home. Work from home has many advantages. First, we saved a lot of time which we used to spend on travel is being utirilsed in productive work. Three to four hours were being wasted in travel. It is good for women also who can also look after home. This sector requires innovation and when there will be innovation, more startups will come forward and create jobs,” said KS Bhatia, CEO of Pumpkart.

Work from home will give a fillip to real estate

KS Bhatia, besides other CEOs, strongly feels that WFH besides the employment sector will also boost the real estate sector as people will require more living spaces to work from home. The demand for the housing will go up and sales will improve.

“WFH will also boost the real estate industry which will give a fillip to the economy. We should promote this culture. We will have to encourage more startups. This has a big relation with productivity,” KS Bhatia added.

WFH will be a boon for many sectors

Vivek Kapoor CEO and HR director of Jal Bath Fittings, a well known bath accessories brand based in Mohali, is also all pray for work from home. Sharing his company’s experience in WFH, Kapoor is all praise for the new concept of working but a little skeptical as the country requires to inculcate such culture besides improving the working conditions.

“As a manufacturer, our experience about work from home concept has been good because we are into manufacturing and trading of some components. When everything is locked down we worked from home and have been running some departments from home. Yes, not all the levels but at some level, it is possible and it can be used to run business. As far as productivity, yes that has a positive impact what I feel people in India are not well worsed with the concept of working from home, it may take some time,” Vivek Kapoor said.

Vivek Kapoor said in order to save the ecomomy from the lockdown and to keep the business afloat, the country should encourage work from home and train people for it. It is good for the IT industry besides the marketeers. It is also environment friendly as the companies will be able to save fuel costs and it will also reduce the pollution.

“Besides the advantages, there are some disadvantages too. WFH success will depend on connectivity. Internet services need to be boosted. A mechanism and further innovations to harness manpower and tap the potential should also be in place,” Vivek Kapoor said.

A Ludhiana-based HR professional and CA, Rajeev Sharma also listed the benefits of WFH including flexible schedule, zero commuting and office distractions.

“There are many businesses and services that can be run by working from home. It will not only save people from crowds and traffic snarls but also save their money. There will be a few distractions which will boost the manpower and efficiency,” Rajeev Sharma said.

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