Awfis plans to add 15,000 seats to its Co-working space by Dec 2017

04 March 2017

Awfis plans to add 15,000 seats to its Co-working space by Dec 2017

  • Economic Times

The company will be opening 550 seats co-working space in Golf Course Road by March while 1 centre each in Mumbai, Navi Mumbai and Hyderabad is expected to open by April.

Co-working space provider Awfis is planning to add nearly 15,000 seats by the end of this year. Currently it has 4500 seats which it plans to double by July end.

“We are aggressively increasing our presence in all the major cities of India. Currently, there are 4-5 sites in Kolkata and Chennai which are under fit-out stage which we plan to open by second quarter this year,” said Amit Ramani, Founder and CEO of the company.

The company will be opening 550 seats co-working space in Golf Course Road, Gurgaon by March while 1 centre each in Mumbai, Navi Mumbai and Hyderabad is expected to open by April. This will be in addition to the existing 18 centers the company currently operates having 4500 seats.

Co-working ecosystem is evolving swiftly and is moving from serving only start-ups to focusing on corporate and small and medium-sized enterprises (SMEs). “A lot of corporate and SMEs are showing interest in working-out of co-working spaces as it helps them in cutting overall costs and at the same time keeps them free from all the hassles of managing office spaces,” says Ramani.

This interest from SMEs and corporate is creating a stable environment for such service providers. Start-ups which initially formed nearly 60-70% of client base of such co-working space providers now form just 20%.

“For us SMEs and corporates are and will be the major focus,” adds Ramani.

(This Awfis coverage appeared on ET Realty.com under the headline “Awfis plans to add 15,000 seats to its Co-working space by Dec 2017” on March 2, 2017. You can read the full story here: http://realty.economictimes.indiatimes.com/news/commercial/awfis-plans-to-add-15000-seats-to-its-co-working-space-by-dec-2017/57415405 )

Remote Working is Here to Stay: Here's how one can make it sustainable

23 February 2021

Remote Working is Here to Stay: Here's how one can make it sustainable

  • Posted by Arathy Nair

Many companies have accepted the remote working trend as an integral part of their work culture. From a luxury, it has become a necessity and requires extra effort to thrive. While shifting to this novel change, it is important to ensure that the workforce remains just as accountable and productive as they used to be at a physical workspace.

Since remote working is here to stay, here’s how one can make it sustainable.

Equip Your Employees with the Right Work from Home Setup

As per Abraham Lincoln, out of 6 hours given to a woodcutter, he should spend 4 hours sharpening his axe. This is a not-so-subtle indication that workers need the right tools and infrastructure to do their respective jobs properly. It is essential for companies offering work from home to ensure that their workers are not facing basic issues like poor internet connectivity or dysfunctional laptop. Companies need to put in that extra effort to understand employees’ need for specific devices and software that might be imperative to make them more efficient and productive during these challenging situations.

By providing the right work from home set up for employees, organisations can be assured of quality work and enhanced productivity.

Provide the Option for Work Near Home

Work from anywhere is the new mantra today. While some employees would continue to prefer the option and convenience of working from home, there is also a sizable percentage of workforce who would opt for a brick and mortar, modern workspace purely for the purpose to operate in a collaborative environment. In such a situation, companies should look for options to help their employees to work near their homes. The concept of work near home helps a person to cut down on the cost and time involved in commuting while operating in a productive environment.

This story appeared in the  5 October , 2020 issue of Economic Times and is authored by Amit Ramani, Founder and CE0, Awfis. This article was originally published at: Remote Working is Here to Stay: Here’s how one can make it sustainable, HR News, ETHRWorld (indiatimes.com)

Average Indian saving almost two hours of commute time while working from home: Survey

22 February 2021

Average Indian saving almost two hours of commute time while working from home: Survey

  • Posted by Arathy Nair

New Delhi: An average working professional in India is saving Rs 5,520 per month and 1.47 hours of travel time everyday while working from home, according to a survey by leading co-working space provider Awfis.

About 74% of the respondents are willing to work remotely, which could be home or a cafe near home as it leads to significant cost and time saving.

Around 20% are saving Rs 5,000-10,000 per month while working from home while 19% are saving over Rs 10,000.

And 40% of the respondents spend less than an hour commuting.

“The time saved translates to time worth 44 additional working working days in a year,” said Amit Ramani, founder and CEO, Awfis.

Nearly 44 additional working days in a year means that for a company with 100 employees, 18 FTE days (full time equivalent) are added without any additional cost.

Full time equivalent refers to the number of hours an employee works in a day and translates into roughly 8 hours of work in a day.

The survey was conducted over a period of two months (June and July 2020) across 7 metros in India, and inputs from 1000 employees were analysed across varied industries.

According to the survey, more than 75% of the workforce can manage their time efficiently.

This has instilled more accountability to the employees as well has led to employees earning higher trust from their managers.

However, there are many challenges that employees face while working from home.

About 27% and 23% respondents see isolation and work-life balance as the biggest challenges respectively while working from home.

While a smaller percentage of companies are still facing technology challenges, the adoption is rising steeply as the advent of remote working becomes inevitable.

“People have realised that ability to work from home is possible without compromising on productivity. It was expected that in five years more people will either work from home or near home. COVID19 has fast tracked this,” said Ramani.

In the survey, 43% of employees report inability to maintain their work-life balance while working remotely.

“Now that the lines between home and work are blurring, companies need to create policies that describe clear demarcations between the two to make remote work sustainable in the long run,” the survey said.

Building better workspaces with technology

20 February 2021

Building better workspaces with technology

  • Posted by Arathy Nair

There are approximately 7.6 billion people in this world and nearly half of them are connected to the Internet. The possibility of connecting with everyone, everything and everywhere is changing the way we do things. With most business and corporates offering solutions in IoT and AI, there are tremendous opportunities for further growth. Technology coupled with constantly evolving management practices, has changed the functioning of traditional Indian offices too. Nowadays workspaces are not limited to being just a place to work. With every new innovation, they have been transformed to a space where employees can freely collaborate, communicate and connect with each other, thereby, boosting employee morale and in turn increasing the workplace productivity.

Another reason why technological advancements are increasingly becoming more important is that today’s workplace environment has become more competitive and complex than it was before. According to a Deloitte report, a manager is able to save 43 minutes a month if they have access to new and improved workplace tools.

In today’s day and age, where employees value their work-life balance more than ever, they want a workspace that is technologically advanced and interactive while being cool and edgy. Today’s always connected, instant access environment helps in dissolving the distinction between personal and professional life. A study conducted by CBRE has shown that about 70% of millennials would make various trade-offs that will help them in securing a workplace that allows them to maintain work-life balance. This can be easily achieved through collaborative and tech enabled workspaces.

Technological advancements at coworking spaces are enabling the workforce to achieve their full potential, which has now led to a number of large corporates opting for these smart workspaces. To accurately reflect in changing work experience, organizations have begun to implement an entirely new working environment – the digital workplace.

Integrating IoT and Artificial Intelligence at Workspaces
Cloud computing, web conferences, instant messaging and e-diaries have enabled better communication around the world and within the organization. By further leveraging IoT and integrating it with AI, workplaces will now be transformed to smarter, dynamic and interactive offices. It is not far when gadgets such as laptops and smartphones will become redundant and will give way to voice activated assistant, wearable technology, including wearable glasses, embedded chips, and wrist devices, connected with Internet of Things (IoT), ensuring seamless connection between work surfaces and individuals, thereby creating a self-sustaining working environment.

Automating Preferences
Utilizing the ability of these wearable devices to adopt to individual’s preferences will provide insightful data that will further help create workplace solutions that are customized to individual work styles. With time, space infrastructure including lighting, air conditioning and air quality will adjust automatically to the task at hand including the number of users and work setting.

Virtual Reality
With continuous evolution of technology, the future of tech-enabled workspaces is tinged with virtual reality. The definition of workspace has been evolving, from being defined, as ‘physical’ and ‘virtual’, digitization is further transforming the future of work across varied dimensions. Virtual workplace is no more a thing of future as VR technology is already playing a significant role in setting up virtual meetings. Soon enough an individual will be able to put on a VR headset and have access to a virtual mouse, keyboard and unlimited monitors. The use of avatars, 3D visualizations, and resilient telepresence, will be the new online meeting norm, essentially creating a truly collaborative and interactive environment that web and video conferences have been unable to achieve.

Blockchain
An ingenious invention, blockchain has always had industry disrupting capabilities. Right from market giants such as Amazon to publishing houses, blockchain has played a crucial role. In the year 2020, the same is being said for the coworking sector. Blockchain can perform tasks such as agreement management, payments, and procurements with better efficiency and traceability.

Technology is slowly and steadily becoming a compulsion and not an option. For an organization to sustain in this time and age of Artificial intelligence and Machine Learning they need to adapt themselves to the technological advancements and cater to their clienteles needs / workforce requirements. As machines become more advanced and gain new cutting-edge performance capabilities that match or exceed human capabilities, the adoption of automation in this sector will steadily pick up.

This story appeared in the 10 February , 2020 issue of Economic Times and is authored by Amit Ramani, Founder and CE0, Awfis. This article was originally published at : Building better workspaces with technology, IT News, ET CIO (indiatimes.com)