EFFECT OF CORONAVIRUS ON IT INDUSTRY

EFFECT OF CORONA ON IT INDUSTRY

When the Covid-19 worldwide came and steps like lockdowns were being considered upon, the $180-billion IT industry faced a great challenge for business regularity.

Technology services providers have started to put in place an of excuses, including safe distancing between desks and in office conveyances, virtual meetings and video messages to employees to ensure them of safety excuses at workplaces, as they gear up to slowly work from offices.

More than a month into it, industry executors feel it has been venison in camouflage and will lead to a richer number of people to work from home in the post coronavirus world. They indicate the outgoing continuity to cost and productivity profits out of Work From Home.

90 to 95 percent of people in many of the larger IT institutions are working out of the home. That transition has been sleek and done very, very swiftly. This will now become a segment and parcel of the business continuity processing, planning in the future. At least 20-30 percent of IT employees would continue to work from home even after the lockdown is raised and the circumstances return to normality. That for about 1.2 million people, four million occupational work in India's IT-Business Procedure Outsourcing segment.

Some companies will be a lot more in cursive when more people will work from home, the smaller the companies lot more invasive they will be so that they can save mainly in terms of rental costs.

A lot of people estimate that the impression of the coronavirus pandemic will be felt for 12 to 18 months which means that recruitment will be slow for one and a half years. IT providers can now work at 50 percent capacity, consequent to a guideline issued by the Ministry of Home Affairs.

With 50 percent capacity approved, it comes as great abatement for IT service providers, who have enabled working from home for the majority of the workforce. More than 90 percent of office workers in the IT industry are working from home.

In the case of business processing outsourcing firms, it has been especially hard given that certain processes do not allow work from home.

This will help firms, especially BPOs, who have not been able to enable WFH due to processes. According to executives, only 60 percent of the workforce has been able to WFH on average, and in some firms, it is only 10 percent. In addition, the companies will not be letting all the 50 percent work from home altogether. NASSCOM's instructor is cautious and lets 10-15 percent first, then slowly increase.

India's IT services companies are not going back to business as usual, firms would do a rethink on the office space they would require and how we need to deliver services in the future.