Post Covid World: New Work Culture


- 20% of US commercial property will be vacant by 2022 due to work-from-home promotion: Moody's

- Australia wants to bring a fully work-from-office culture to its country

- Corona is causing the world to change faster than expected

Every morning is different. Every sun of today is different from every sun of yesterday. This rule applies everywhere. The same applies to work culture. The work culture is slowly changing, but Corona has changed it on a large scale. The lockdown alone has not changed enough. Has changed forever. Where Covid's rage has abated, where vaccinations have increased, the country-world has begun to unlock, but today, tomorrow or in the future, the offices are as buzzing as in the past.

If we talk about India, how big the housing industry will be. The total revenue generated by small home-based businesses is in the billions. Work from home has become as big a dimension as the housing industry. Work from home was there before, but not in the form of culture. Is now. Its scale has become very large. Experts say Kovid will go, but the atmosphere will not be 100 percent the same as before. If the offices are open then everyone who works from home now does not have to go to the office. Some companies are also wanting some work to be done sitting at home, so why hire staff now? As a result, many jobs have become work-from-home forever. Calling staff to the office only when necessary, on weekdays, four days a month. Sending home again with necessary guidance, training. Work from home.

Behind this is the math of companies. If there is less staff at the office then less office space is required. That much rent has to be paid less. Goldman Sachs wants to reinstate all its employees, but its rival Citibank has a different policy. He wants some staff to work from home. These two examples know that there are two groups. One group's business office will be filled with flower staff while the other will not. According to the International Monetary Fund, many real workforce are now working from home and the vacancy rate of commercial property is increasing due to not coming to office even after many real covid. Commercial property prices and rents could fall by 15 per cent in the next five years as the vacancy rate rises by five per cent. Finch, a US credit rating agency, says that if Americans go to the office only three days a week, commercial property prices and rents will halve.

Moody's estimates that by 205, 60 percent of US offices will be vacant. Owners of offices that do not have air conditioning will now have difficulty getting rent. They have to be renovated. Who knows how much it will grow later? Banks are also likely to be affected by the potential damage to the commercial property sector due to the flourishing culture of work from home. In the United States alone, banks have lent 2.5 trillion to the commercial property sector and the commercial property sector. India's one-year GDP. Of course the effects will not last long. In the long run the world will adjust to a new work culture.

The Prime Minister of Australia Scott Morrison is urging everyone to work from the office instead of at home. They want no one to work from home. Why so? Because they see a bigger economic picture behind this. When you go to the office you go to the canteen to drink tea. You can go outside and eat pan, smoke cigarettes or eat wafers. Eat samosas on khumcha. Two-three times tea comes from outside in the office. You go to the office and burn petrol. Use train, taxi or bus. Come in the evening spending Sony notes. There is no leaf shop in Australia. Agri, but this is only for agreement. Thus, not only in Australia or America, but in almost all the countries of the world, there is an economy which is thriving due to office culture. This economic cycle has come to a standstill due to the Covid lockdown. The Prime Minister of Australia wants to beat him again.

There are many jobs that can be done at home including freelance writer, virtual assistant, web designer, social media manager, e-marketing, animation and promotional video maker and now the company is providing incentives to do the same. The Australian Financial Review has reported that a mixed culture of work from home and work from office will now prevail. There are also some minus points to work from home. The atmosphere at home is not what it used to be in the office. Plus there is a spirit of cooperation among the employees in the office. This feeling does not get a chance to develop at home. New topics are discussed in the office. All of these possibilities are stifled at home. The Australian Public Service Commission is putting as much emphasis on work from office as possible.

There are many small businesses that have started building offices in one room or corner of the house instead of a commercial office. The vacant space of the house is being used as an office. Corona needs to influence our work patterns, but not because of Corona. The change was long overdue. This was bound to happen. Corona did it very quickly.

Whether we talk about falling property prices or a crumbling economy, it is not possible for a 100 percent work-from-office culture to return. Work from home will be less than the time of Kovid lockdown, but it will be more than the previous time. Because work from home is the cheapest solution in businesses that are online. The cost to companies retaining employees is reduced, saved.

Business Today has a conversation with some of the people who work from home. They say they can change jobs if they are forced to go to the office. Which means it's about to be the most delusional time of the year, as well as the most delusional. The most important issue among all these is profit. Companies for which work from office will be more profitable than work from home will encourage work from office more. In the same way, for employees whose work-to-office is more lucrative than work-from-home, they must go. This approach may vary from case to case. In short, mixed work culture is the truth of today and tomorrow.

Today's new joke

Lallu (to Lily): I don't want to go to school.

Lily: Why?

Lallu: The teacher doesn't know anything. Everything makes me ask.

Lily: Huh !?

GK Junction

- Goa Foundation Day is celebrated on 20th May every year. Novak Djokovic wins Belgrade Open 2021 title

- Khedira has announced his retirement from football against a German player. Colonel Punjab Singh recently passed away. He was awarded the Veer Chakra in the Battle of Poonch.

- The largest sleeping statue of Mahatma Buddha (Reclining Buddha) will be installed in Bodh Gaya.

- Uttar Pradesh State Government has announced Mukhyamantri Bal Seva Yojana. The Ministry of Education has launched a youth initiative to advise young writers. IPL-2021 has been shifted to UAE.

- SEBI will appoint forensic auditors for listed companies. Amazon will buy Hollywood studio MGM for 2.5 billion.

- Assam State Government has started Shishu Seva Yojana. The UAE government has granted a golden visa to Sanjay Dutt. He is the first filmstar to get this visa.

- Madhya Pradesh topped Anemia Free India Index 2021-21. China launches Fengyun-2B satellite to get weather information

- India launches Mission Innovation Clintech Exchange at Net Zero Summit hosted by Chile. According to the International Labor Organization (ILO), 4.5 percent of the population will be unemployed in 203.

France's anti-competitive authority has fined Google 25 million. The Karnataka government has announced a subsidy of Rs 5,000 to street vendors.

- India has only one submarine capable of carrying out a nuclear attack. Submarine INS cycle. That is what we are returning to Russia. Vijay Gokhale has recently written a book entitled Tiananmen Square: Making of a Protest.

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