Over 90% of Indian CEOs want their employees to return to work from office, according to a new survey by KPMG. The 2024 India CEO Outlook published on October 3 shows that 91% of Indian CEOs are ready to reward employees for coming to work. This is above the global average of 87% and indicates that there is a strong appetite among leaders in India to reward employees for returning to work face-to-face as organisations move back to their pre-COVID-19 ways of working.
The survey shows these CEOs are willing to incentivise employees with strict compliance with the office attendance policy. This includes promotions, salary increases, and favourable job assignments appearing to indicate that face-to-face working relationships foster efficiency and creativity.
Approximately 78% of Indian CEOs anticipate a full return to office-based work within the next three years, slightly lower than the global expectation of 83%. Only 14% of the business leaders surveyed opted for a fully remote workforce and 30% envisioned a hybrid working environment for corporate employees in the next three years.
About 78% of the Indian CEOs expect business to be fully back to the regular office mode in the next three years. This is slightly lower than the global average of 83%. Nonetheless, a meagre 14% of business leaders were in favour of fully remote employees, and 30% predicted the future of corporate workers would be hybrid workers within the next three-year period.
The survey indicates that organisations must enhance their approach towards communicating employee value propositions. This includes the development of a positive organisational workplace culture consistent with the business strategy and direction, and promoting employee health.
According to Sunit Sinha, Partner and Head of Human Capital Advisory Solutions at KPMG in India, it is critical to address such developments by identifying how they are shaping the preferences of the employees, especially in the post-COVID-19 period. According to him, businesses need to transform to maintain appeal in terms of talent acquisition. By sourcing data on the supply of talent and the quality of lifestyles, organisations can meet or exceed the needs of employees.
“The power to shape the future of talent lies in staying informed and adapting proactively.”
The survey also sought to understand the effects that technology has had on the development of the workforce. Interestingly, a whopping 50% of CEOs in India are focusing on skill development along with the deployment of generative AI. They see this technology as a tool for training employees and having multi-skilled staff within their firms. However, there are issues with the rate of development of regulations on the use of AI with the alarming rate of 77% of CEOs in India being concerned with this problem.
The report comes at a time when Amazon and Dell are summoning employees back to the office five days a week. These policies have been received with fierce backlash from the workers with 73% of Amazon workers considering quitting.
This information was released by Blind, an anonymous job review platform, having conducted the survey among 2,585 Amazon workers, according to CNBC Make It.
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