With the widespread of COVID, many changes have happened in the IT industry. Some are in favor of the employees, and some aren’t. The latest change to happen is for maternity leaves. According to human resource consulting firms, a complete overhaul might happen to the maternity leaves along with maternity benefits at workplaces offered by the company.
Firms are now evaluating not only just the leaves but are also re-considering the insurance policies, safe hours for calling, working hours, a suitable time to e-mail or contact the person, etc. All the work-related issues are now being considered for a change.
HR consulting firms believe that the change in the work culture, especially from offices to homes right now, companies will now try to understand how the liabilities are going to get affected. Chief Executive of Avantis Regtech has spoken about this, saying that Leave policies, number of official holidays, national holidays, number of hours of work, maternity benefits, and overtime calculation are some of the things expected to be changed as part of this overhaul. Also, he further added that the companies are now beginning to think about the long term implications of work from the home model which has become a new norm these days.
With the future uncertain due to this spread of the virus and multiple lockdowns, several companies have asked their employees to WFH at least till August. One of the tech giants of the country, TCS recently said that it expects at least 75% of its employees to permanently Work from home by 2025. With this announcement by TCS, multiple other tech companies in the country might follow this model, but not in those large amounts. NASSCOM has recently said that companies are now considering a phased approach of allowing only 15-20% of their employees in the offices until June.
If an employee works from home, the average spend on the employee by the organization which includes logistics, transportation, canteen, maintaining premises, etc will be reduced which accounts for 60-65% of the cost of the organization. With this much amount being saved if employees work from home, the organization can look to invest that money in other areas where the returns could be much higher or for the benefit of its employees.