Indians Spend More Time Working From Office Than Global Average: JLL Survey
Two in every three firms are expecting office lease tenures to increase over the next five years on expectations of a higher total office footprint.
More number of Indian organisations require employees to be present in office three days a week than the global average, according to a survey. It also revealed that a little more than half of the employers expect it to increase over next five years.
Global real estate services firm JLL's 'Future of Work Survey 2024 – India Insights' unveiled that 90% of Indian organisations already mandate at least three days of office presence per week—higher than the global average of 85%. It also found out 54% of organisations surveyed expect days in office to increase by 2030. This is higher than 43% globally.
The survey is a part of a global study encompassing over 2,300 corporate real estate and business decision-makers, highlights India's strong commitment to office-based work, even as global trends shift towards hybrid models, a news release said.
Moreover, two in every three firms are expecting office lease tenures to increase over the next five years on expectations of a higher total office footprint.
"A staggering 94% of Indian businesses foresee artificial intelligence changing workforce operations, with 95% planning accelerated AI investments in the next five years," the release said. "This technological shift is reshaping not only how work is done but also how workspaces are designed and managed."
ALSO READ
India Must Adopt Global Best Practices On Intellectual Property Rights, Says EAC-PM Working Paper
"India's approach to the future of work will keep offices central, while accommodating individual preferences, creating an inclusive environment that fosters innovation and efficiency," said Radha Dhir, chief executive officer and India head of JLL.
"Corporate real estate must adapt to changing dynamics while aligning with corporate objectives to shape the workplace of tomorrow," she added.
Th release said that by 2030, 86% of CRE leaders in India anticipate increased spending on CRE technology, significantly above the global 68% and Asia-Pacific 66% averages. "This investment is seen as crucial for enhancing workplace experiences, improving efficiency, and supporting overall business growth,” said Samantak Das, chief economist and head of research and REIS, India, JLL.
