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Pradhan who has 35 years’ experience in HR functions, both in public and private sectors, joined HAL in 2005. He has engaged with industries in engineering, metallurgy, aerospace, and defence.

HAL said in a statement that he has wide exposure to HR functions, including CSR, wage negotiation and settlements, statutory compliance, recruitment and career development, skill development and training, and legal affairs.

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The impact of commuting has a major influence on employee retention. Travel time is now an increasingly important factor, as most job seekers prefer travel time over the company when looking for a new job. In addition, job seekers worldwide have turned down a dream job because they found the travel time too long. A commute time of more than 90 minutes per day to get to work and back home leads workers to look for a new opportunity closer to home. The same is true for the many employers who lose their dream employees based on location and commute time alone. With increased migration to cities and never-ending traffic woes, travel times to the office are expected to increase in the coming years.

Long daily commutes affect workers physically and mentally and contribute to stress, depression, and anxiety. For years, people in India’s major cities have taken long commutes to work, spending nearly 2 to 3 hours on their daily commute – and still do. For years, job platforms have remained stuck in the old traditional approaches and have never thought about how they can help solve one of the biggest problems faced by job seekers. A survey by Ernst and Young shows that nine out of ten workers want flexibility in terms of where they work, and when given the choice, 40% of workers surveyed choose a work location closer to public transportation

For more than a decade we have been hearing about work-life balance and employee wellbeing as one of the most important corporate agendas, but we have seen little action in this area. At a time when well-being and work-life balance are becoming increasingly important, travel time to and from work is becoming a bigger and bigger annoyance for employees. So big, in fact, that it not only leads to unhappy and unproductive employees but even to them leaving your company.

Employers are busy filling their vacancies and have never really looked at how these daily long commutes affect their employees, which in turn is one of the main reasons for low productivity. The other reason for low talent retention is long commutes and burnouts. A shorter commute makes employees happy, and stay longer in the company and thus reduces the cost of recruitment and new hires. As per the data from the Air Quality Index (AQI), daily long commutes also add to pressure on the public infrastructure and add to the ever-increasing pollution affecting the health of employees in metro cities.

In light of the increasing attrition of workers due to work-life balance issues caused by longer commute times, Indian HRTech start-up InRadius has launched a job search platform that enables workers to find their dream jobs in major cities close to their homes, reducing the unproductive long hours they spend commuting to work every day. Currently, the platform is operational in Mumbai (including Mumbai metropolitan areas), Pune, Bengaluru, Hyderabad, and Delhi NCR, and plans to expand its operations to all major Indian metropolitan cities in the next 9 months.

“Through InRadius, we are committed to revolutionizing the job search experience and empowering individuals to find opportunities closer to their homes. Our goal is to create a positive impact on people’s lives by reducing long commutes and achieving a better work-life balance. We are excited about our ambitious targets and confident in our team’s expertise to make a meaningful difference in the job market,” said Darshan Vyas, Founder & CEO of InRadius.

InRadius aims to reach 1 million registered jobseekers, onboard over 2000 companies, and have 10,000 active jobs on its platform by the end of March 2024. Looking to the future, InRadius has set long-term goals that encompass its vision of transforming the job search landscape and promoting work-life balance. These goals include becoming the first choice for Indians looking for a job close to home, being the preferred talent search platform for start-ups and SMEs, and addressing the problem of long commutes to work globally.

InRadius primarily targets professionals who face long commutes every day, young professionals looking for a job close to home, and companies that value a better work-life balance. InRadius wants to be perceived by its key stakeholders as a company that is revolutionizing the job and talent search and profoundly changing people’s lives by reducing commute times, easing the burden on public infrastructure, and lowering carbon emissions at the same time.

– SURESH RATHOD

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Whether technological, financial, regulatory, or consumer-driven change, there have been many exciting developments in 2019 that promise a positive outlook for real estate. This article highlights 5 trends with the potential to drive disproportionate change in 2020 and beyond.

SEBI-regulated investments: Prior to RERA, pre-launch sales were an important source of early-stage capital for real estate developments. While convenient, these were unregulated opportunities with no standardization of structure or transparency. Today, there has been a marked shift toward regulated investments for the early, pre-approval phase of a project. These investments typically use an AIF structure and, in some cases, the PMS route. Exits, especially for rent-yielding properties, have started moving to the REIT structure.

Managed offices and homes: Worldwide, co-working and managed offices are the fastest growing parts of commercial real estate. These offices allow tenants to focus on their core business and leave facility management and services to a specialist operator. In India, the sector is set to achieve 10 million square feet in record time, with more than a 10% market share of total office leasing already. Similarly, the more nascent category of co-living, which provides managed homes, grew 100% in 2018 and has attracted a large number of players. We expect these sectors to continue to grow but weaker players will be winnowed in the Darwinian struggle for survival

Specialization: Every industry tends to reward either vertical integration or increased specialization when competition intensifies, and real estate is no different. Where once developers engaged in pretty much all types of real estate developments, higher specialization will be required in the future as competitive pressure makes it difficult to succeed as a jack of all trades. We can expect to see developers specializing in retail, logistics, senior-housing, student-housing, medical offices, and such other specialized sectors and these specialist players are likely to significantly grow their market share within these sectors at the expense of the generalist developers.

International scale projects: As capital-raising moves from informal HNI networks to institutional funding, the amount of capital that can be raised for a single project will continue to witness strong growth. This will allow deal sizes to increase, which means there are likely to be larger real estate developments, whether commercial, residential or retail. With large interstate migration to cities like Bangalore, Pune, Hyderabad and Delhi, India’s growing urban centers will benefit from these larger developments that will have the scale to provide world-class amenities such as sporting and entertainment facilities within the developments.

Technology-driven innovation: Like with so many industries, technology has had a positive impact on real estate. Digital marketplaces have revolutionized real estate investments and enabled investors to profit reliably, safely, and conveniently from the sort of exclusive property assets that used to be the domain of large institutional investors. Technology is also transforming construction, where the pressure to complete projects quickly is increasing demand for better construction methodologies, such as prefabricated construction technology.

Conclusion: This is a unique period for Indian real estate. It is being transformed in various ways, whether it be in financing, construction, specialization or scale. Developments, which used to be one-off projects, are being transformed into assets where continuing services are required. There are a host of new sectors like senior living, student housing, managed offices and logistics parks that are growing rapidly. New avenues are being created to profit from all this, such as AIFs and REITs. Technology platforms are greatly simplifying the process of finding the best investment opportunities, and regulations are creating a culture of transparency.

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