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
Long-Term Capital Gain Tax Reforms: A Boon for Real Estate Investors
The revised long-term capital gain tax is expected to benefit most real estate investors, with returns exceeding 10-11 per cent, according to Revenue Secretary.
Hyderabad's Luxury Real Estate Market Sees Sharp Rise in Demand
The city's residential market has dramatically transformed, establishing itself as one of India's most dynamic and sought-after real estate destinations.
Brigade Enterprises Raises ₹1,500 Crore via QIP, Shares Allotted to Goldman Sachs, Smallcap World Fund
Bengaluru-based real estate developer Brigade Enterprises Ltd. has successfully raised ₹1,500 crore through its Qualified Institutional Placement (QIP).
Is the Commercial Realty Boom in India a Sustainable Trend or a Bubble Ready to Burst?
Lately, you may have observed large tracts of land being excavated and developed in major Indian real estate markets, especially in metropolitan cities like Mumbai, Delhi, and Bengaluru. This article delves into whether this real estate boom is a sustaina
Nariman Point: A New Lease of Life for Mumbai's Historic CBD
Nariman Point, once the heart of Mumbai’s business landscape, is experiencing a renaissance. With new companies, law firms, and international consulates setting up offices, lease rentals are on the rise, signaling a promising future for this iconic area.
Fadnavis' Vision for Mumbai: A Blueprint for Economic Growth
Mohandas Pai, the renowned Indian venture capitalist and entrepreneur, has praised the economic policies of Maharashtra, particularly those implemented by Deputy Chief Minister Devendra Fadnavis. Pai believes that Karnataka's leaders should study and adop