BENGALURU: Blinkers, eventually, can strangle even the most beautiful minds. This has made major IT/ITes firms do away with cubicles and adopt agile workplace strategy, helping company’s saves real estate costs.
This could be an area dedicated to recreational and fun activities, cafeteria, quiet pod, a collaborative bench space, an armchair or a traditional desk. Traditionally, employees worked out of fixed desk in the office.
Major global IT/ITes companies that have back-end and shared services operations here in India, primarily in Bengaluru, Chennai, Hyderabad, Pune and Gurgaon have adopted this format. Companies that have adopted this strategy include IBM, SAP and Accenture.
“It enables more efficient use of space and resources in accordance with outcomes related to profitability and sustainability. ABW also helps to attract and retain the most talented people by way of a greater sense of personal empowerment and better work life balance,” said Rami Kaushal, MD Consulting & Valuations, CBRE South Asia.
These efforts helps companies optimise their real estate usage and reduce costs. As per a September 2015 report ‘CBRE Space Utilisation – The Next Frontier’, the annual cost savings is between $120,000 and $320,000 for 200 employees or roughly one floor of office space in a standard size floor plate. This however, does not take into account the investment in mobility enabling technology that is required to make the solution work.
“Agile workspaces are an evolution from the standard business centre and we are seeing demand amongst IT and ITes companies.They seek temporary and flexible workspaces, within the vicinity of our parks, as an added infrastructure requirement,” said Vinod Rohira MD Commercial Real Estate & REIT, K Raheja.
A recent Bloomberg poll of over 50 IT analysts says that IT services companies like TCS, Infosys, Wipro and HCL will struggle to reach double digit growth. This will be the slowest pace of growth for IT sevice behemoth since the global financial slowdown following the 2008 Lehman Brothers crisis.
Agile workplaces empower employees to choose how they work most productively, with innovative tools and facilities to support them. The big change they are making their staff used to is that nobody now has a personal space in the office.
“With the advent of agile workplace concepts, the real estate can be more efficiently used and thus firms are able to give slightly larger spaces to work in along with additional recreational facilities like games rooms, medical rooms, break out zones, etc,” said Saurabh Singh, Director, Project Management at Colliers India.
Credits ET Realty