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		<title>Reducing long commutes important for work-life balance and employee retention</title>
		<link>https://newsmantra.in/reducing-long-commutes-important-for-work-life-balance-and-employee-retention/</link>
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		<pubDate>Wed, 28 Jun 2023 04:56:42 +0000</pubDate>
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		<guid isPermaLink="false">https://newsmantra.in/?p=25114</guid>

					<description><![CDATA[<p>At a time when well-being and work-life balance are becoming increasingly important, travel time has a major impact on employee retention. What all employees have in common is that they increasingly dislike their morning and evening commutes. Studies and reports show that shorter commute times lead to employees working longer...</p>
<p>The post <a href="https://newsmantra.in/reducing-long-commutes-important-for-work-life-balance-and-employee-retention/">Reducing long commutes important for work-life balance and employee retention</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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										<content:encoded><![CDATA[<p>At a time when well-being and work-life balance are becoming increasingly important, travel time has a major impact on employee retention. What all employees have in common is that they increasingly dislike their morning and evening commutes. Studies and reports show that shorter commute times lead to employees working longer for a company.</p>
<p>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.</p>
<p>Long daily commutes affect workers physically and mentally and contribute to stress, depression, and anxiety. For years, people in India&#8217;s major cities have taken long commutes to work, spending nearly 2 to 3 hours on their daily commute &#8211; 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</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>&#8220;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&#8217;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&#8217;s expertise to make a meaningful difference in the job market,&#8221; said Darshan Vyas, Founder &amp; CEO of InRadius.</p>
<p>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.</p>
<p>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&#8217;s lives by reducing commute times, easing the burden on public infrastructure, and lowering carbon emissions at the same time.</p>
<p style="text-align: left;"><strong><img decoding="async" class="alignnone  wp-image-23391" src="https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-200x300.jpg" alt="" width="49" height="74" srcset="https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-200x300.jpg 200w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-681x1024.jpg 681w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-768x1154.jpg 768w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1022x1536.jpg 1022w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1363x2048.jpg 1363w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1920x2886.jpg 1920w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-960x1443.jpg 960w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-266x400.jpg 266w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-585x879.jpg 585w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-scaled.jpg 1703w" sizes="(max-width: 49px) 100vw, 49px" />&#8211; SURESH RATHOD</strong></p>
<p>The post <a href="https://newsmantra.in/reducing-long-commutes-important-for-work-life-balance-and-employee-retention/">Reducing long commutes important for work-life balance and employee retention</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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		<title>India now a preferred market for global investors for office space</title>
		<link>https://newsmantra.in/india-now-a-preferred-market-for-global-investors-for-office-space/</link>
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		<dc:creator><![CDATA[News Mantra]]></dc:creator>
		<pubDate>Mon, 19 Jun 2023 09:35:35 +0000</pubDate>
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		<guid isPermaLink="false">https://newsmantra.in/?p=24365</guid>

					<description><![CDATA[<p>Growth opportunities in tier-1 and tier-2 cities are driving investment in office space in India. The latest Colliers Global Insights &#38; Outlook &#8211; Office Report shows that the office sector in India continues to dominate institutional investment inflows, accounting for over 44% of total investments over the last five years...</p>
<p>The post <a href="https://newsmantra.in/india-now-a-preferred-market-for-global-investors-for-office-space/">India now a preferred market for global investors for office space</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>Growth opportunities in tier-1 and tier-2 cities are driving investment in office space in India. The latest Colliers Global Insights &amp; Outlook &#8211; Office Report shows that the office sector in India continues to dominate institutional investment inflows, accounting for over 44% of total investments over the last five years (2018-22).<br />
The Indian office sector has already recorded institutional inflows of USD 0.9 billion in the first quarter of 2023, accounting for 55% of total investments. India’s office space saw steady investment of $3.2 billion since 2018, $2.8 billion in 2019 and $2.2 billion in 2020 the year of covid, reaching a low of $1.3 billion in the covid recovery year of 2021, with investment in office space rebounding to $2.0 billion as companies recovered from the covid-19 crisis.<br />
From 2018 to 2022, the share of total investment averaged 43.8%, with the lowest being 32% in 2021 and 55% in 2018 of total investment in Indian office space by institutional investors.<br />
“Amidst global recalibrations of office space driven by cost control, hybrid work culture, and business slowdown, markets like India continue to benefit due to lower costs with quality of assets, talent pool availability, and increased institutionalized framework. Although global sentiments have reduced the Investor activity in India, institutional buyers remain bullish over the medium to long term as the underlying demand for Office space remains strong and markets like India benefit from the shift in office market dynamics,” says Piyush Gupta, Managing Director, Capital Markets &amp; Investment Services.<br />
In India, office demand has recovered at a faster pace despite ongoing global headwinds in the form of economic disruptions and geopolitical tensions. According to the report, 50.3 million square feet of office space was leased in the 6 largest cities in 2022, more than any other year. The report stated that Q1 2023 started cautiously with total leasing of 10.1m sq ft in the top 6 cities, 19% lower than the same period last year. The sectors that led to an increase in lettings were technology with a 22% share, closely followed by flex space at 20%. Flex space has proven to be a compelling alternative to traditional office space for occupiers as it supports occupiers&#8217; evolving hybrid strategies, the report said.<br />
&#8220;As Hybrid working remains the mainstay for occupiers in India, relevance of physical office space remains intact. Occupiers are focusing on optimal locations, high-quality amenities, and well-designed fit-outs as they look to create an enriching experience for their employees,’’ said says Vimal Nadar, Senior Director and Head of Research, Colliers India.<br />
When it comes to office space, the focus is largely on ESG-compliant buildings that have higher operational efficiencies and reduce energy consumption to meet their net-zero targets. On the other hand, developers who take into account the evolving needs of users are integrating smart technologies and sustainable infrastructures into their workplace projects. In the future, Indian office spaces will be equipped with smart technologies such as the Internet of Things (IoT) and predictive analytics for cost optimizations, carbon reduction and better space utilization. With ESG being critical for occupiers, green finance will become an integral part of investors&#8217; strategy. India&#8217;s economic resilience, supportive government policies and improving business environment will enable it to maintain its position as an attractive market for global investors in the long run.</p>
<p>&nbsp;</p>
<p><img decoding="async" class="alignnone  wp-image-23391" src="https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-200x300.jpg" alt="" width="53" height="80" srcset="https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-200x300.jpg 200w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-681x1024.jpg 681w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-768x1154.jpg 768w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1022x1536.jpg 1022w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1363x2048.jpg 1363w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-1920x2886.jpg 1920w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-960x1443.jpg 960w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-266x400.jpg 266w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-585x879.jpg 585w, https://newsmantra.in/wp-content/uploads/2023/05/Suresh-Rathod-scaled.jpg 1703w" sizes="(max-width: 53px) 100vw, 53px" /> <strong>-SURESH RATHOD</strong></p>
<p>The post <a href="https://newsmantra.in/india-now-a-preferred-market-for-global-investors-for-office-space/">India now a preferred market for global investors for office space</a> appeared first on <a href="https://newsmantra.in">newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu &amp; Kashmir, Trending news | News Mantra</a>.</p>
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