Some organizations are getting rid of the concept of working remotely. But, Axis Bank stated that the group of lenders is composed of people who work remotely, or ‘work from anywhere’ (WFA) employees, get higher performance ratings and promotions than its general population.
Two years ago, Axis Bank launched ‘GIG-A-Opportunities’, a project that not only expanded access to skilled talent but also improved its diversity index. President & Chief Human Resources Officer of Axis Bank, Rajkamal Vempatireported that the cohort who were working remotely resisted working in hybrid or working in the office (WFO) as demonstrated year over year expertise.
Currently, 30% of Axis Bank’s eligible workforce is in alternative models. The bank says freelancers are making a significant contribution to the delivery of strategic and priority projects. “In the WFA cohort, we see lower attrition and higher performance. For us, the past year has broken down myths and fears about a reshaped workplace,” said Vempati.
Reasons for this, Vempati said, include better time management when working remotely and better management by remote leaders who have put their trust in employees through conversations. direct.
However, some organizations seem to be struggling with their WFA models. Companies like TCS have called employees back to the office.
Kamal Karanth, co-founder of professional staffing company Xpheno, said, “The large-scale and heterogeneous mixed schedules of employees are currently struggling with the challenge of asynchronous coverage and collaborate. Managers and team members appearing on different combo sequences created a challenge of connectivity and visibility. In the short-term that the hybrid system has had, it is clear that there is no magic pill to re-establish yield curves.”
Karanth shows the productivity score between WFO, WFH (work from home) and hybrid are unmatched due to the fact that the larger ecosystem context in which they have operated – and currently operate – is unprecedented. “Statistically, there aren’t enough frames of reference to call out a clear winner. However, it is worth noting that the age and experience of managers have a big say. While younger managers and first-time bosses vote for WFH inertia and hybrid models, older and more senior managers are seen as WFO advocates,” said Karanth. speak.
Two years ago, Axis Bank launched ‘GIG-A-Opportunities’, a project that not only expanded access to skilled talent but also improved its diversity index. President & Chief Human Resources Officer of Axis Bank, Rajkamal Vempatireported that the cohort who were working remotely resisted working in hybrid or working in the office (WFO) as demonstrated year over year expertise.
Currently, 30% of Axis Bank’s eligible workforce is in alternative models. The bank says freelancers are making a significant contribution to the delivery of strategic and priority projects. “In the WFA cohort, we see lower attrition and higher performance. For us, the past year has broken down myths and fears about a reshaped workplace,” said Vempati.
Reasons for this, Vempati said, include better time management when working remotely and better management by remote leaders who have put their trust in employees through conversations. direct.
However, some organizations seem to be struggling with their WFA models. Companies like TCS have called employees back to the office.
Kamal Karanth, co-founder of professional staffing company Xpheno, said, “The large-scale and heterogeneous mixed schedules of employees are currently struggling with the challenge of asynchronous coverage and collaborate. Managers and team members appearing on different combo sequences created a challenge of connectivity and visibility. In the short-term that the hybrid system has had, it is clear that there is no magic pill to re-establish yield curves.”
Karanth shows the productivity score between WFO, WFH (work from home) and hybrid are unmatched due to the fact that the larger ecosystem context in which they have operated – and currently operate – is unprecedented. “Statistically, there aren’t enough frames of reference to call out a clear winner. However, it is worth noting that the age and experience of managers have a big say. While younger managers and first-time bosses vote for WFH inertia and hybrid models, older and more senior managers are seen as WFO advocates,” said Karanth. speak.
