The Rise of Office Peacocking: How Companies Are Revolutionizing Workspaces
The office peacocking phenomenon is driven by management as a strategy to reconnect with employees and make culture count.
Office PeacockingWorkplace DesignEmployee ExperienceProductivityHybrid WorkReal Estate MumbaiAug 13, 2024
The work-from-home culture, which started as a necessity during the pandemic, established itself as a viable work model. However, as the pandemic receded, companies struggled to bring employees back to the office. By the beginning of 2023, hybrid work had gained popularity, offering flexibility in work timing and a focus on productivity.
To address the issue of bringing employees back to the office, companies started making their workspaces more experiential. The phenomenon of
Frequently Asked Questions
What is office peacocking?
Office peacocking refers to the trend of companies making their workspaces more experiential and vibrant to attract employees and improve productivity.
How has the pandemic affected the way we work?
The pandemic has challenged traditional notions of work and led to a shift towards remote and hybrid work models.
What is the importance of employee experience in the workplace?
Employee experience is critical to productivity and job satisfaction, and companies are now focusing on creating welcoming and hospitable workspaces to improve employee experience.
How is office design evolving?
Office design is evolving to incorporate more vibrant and colorful elements, as well as flexible and activity-based workspaces.
What is the role of commercial real estate companies in the office peacocking trend?
Commercial real estate companies like Colliers India are playing a key role in advising companies on workplace design and strategy to improve employee experience and productivity.
Related News Articles
Indian Real Estate Market Sees Quarterly Slump, NCR Defies Trend
Real estate sales in India's top seven cities dip 8% in Q2 2024, but NCR bucks the trend with a 6% increase
IDFC First Bank Inks Major Lease Deal in Mumbai's Goregaon
IDFC First Bank leases 1.65 lakh sq ft office space in Oberoi Commerz III, Goregaon, Mumbai, reflecting strong market fundamentals and resilience in India's commercial real estate market.
3 Lucrative Ways to Invest in Real Estate for the New Year
Explore the latest trends in real estate investment, including fractional ownership, REITs, and mutual funds, in high-growth areas like Pune, Goa, and Hyderabad.
Arvind SmartSpaces Navigates Market Volatility: Bearish Trends Persist
Arvind SmartSpaces, a prominent small-cap construction and real estate firm, is currently grappling with bearish technical trends amid market volatility, trading at 675.00.
Pune Municipal Corporation Seals Sinhgad Institute Offices, Prepares for Auction of Erandwane Property
In an effort to recover property tax dues of ₹345 crore, the Pune Municipal Corporation (PMC) has sealed the offices of the Sinhgad Institute and initiated the process of auctioning the Erandwane property.
Brigade Enterprises Launches Mega Rs 2700 Crore Housing Project in Bengaluru
Brigade Enterprises, a leading real estate developer in South India, has announced the launch of a massive Rs 2700 crore housing project in Bengaluru. The project, set to be completed by March 31, 2030, aims to offer a blend of luxurious living and sustai