Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
  • SMC Global Securities Limited
  • SBI Life
  • DSP Mutual Fund
Upcoming Event : LeapToUnicorn - mentoring, networking and fundraising for startups. Register now
you are here: HomeNewsTrends

Up to Rs 1 crore a month — this is how much insurers could save by hot desking, hybrid offices

Giving up office space by sending some teams to work-from-home settings while retaining others through hot desking options is being explored to cut costs.

April 30, 2021 / 06:34 PM IST

Samiksha Panda, an independent real estate consultant who works on workplace management projects in Delhi and Mumbai, has seen her business see a 3X growth since June 2020.

Panda, who primarily advises financial services clients, is seeing a rise in interest from insurance companies to move to a hybrid workplace model, with options of hot-desking.

"The cost saving by giving away excess floors or office spaces in large cities like Mumbai, Delhi and Bengaluru is massive. And employees are also comfortable working remotely so it is a win-win," said Panda.

Google is saving more than $1 billion annually by working from home due to the COVID-19 pandemic, Bloomberg reported.