Future of work and that of the workplace is changing and making way for greater flexibility than an average job on Wednesday allows, and employees are likely to focus more on corporate value than on pay in five years, says a PwC study. Two-thirds of employees agree that future career paths will be determined by workers themselves and not by their companies.
Around 63 per cent respondents believe that the 8-hour workday will become obsolete and 68 per cent say that work will be done remotely rather than at a traditional office. “It is clear that the future of work and that of the workplace is changing rapidly. While there is still a sizeable segment of workforce which prefers to operate in traditional models, many others are opting for entrepreneurial and network based models which engage with an ecosystem of partners and collaborators,” Padmaja Alaganandan, leader - People and Organisation, PwC India, said.
The survey further noted that 86 per cent those surveyed have a strong desire to work independently as independent work is perceived to allow greater flexibility in schedule and control over work environment, the opportunity to earn more, and a better work-life balance.