The last few months have been tough for India Inc. With the overall economy nosediving to an abysmal low, almost all organisations have been busy trimming their budgets on various operational counts. And this is reflected in various employee-specific policies and programmes. “The focus is on spending only on those things that are necessary. For instance, while all our women employees are provided cabs to travel home after office hours, we are now trying to cut down on our expenses when it comes to allocating cabs for official work during office hours,” says an HR associate from a Gurgaon-based multinational IT firm on conditions of anonymity.
She continues, “Today for us and most other compa- nies, it is a veritable tug- ofwar in terms of keeping the employee morale upbeat and ensuring profits. So while we did host our annual office party, we had to do without our annual employee offsite.”
Given the rationale of spending on things that cannot be dispensed with, employee offsites seem like a logical subtraction to the bouquet of company expenses. However, not all organisations are saying no to them. “The answer is very simple. Offsites have remarkable potential in terms of return on investment. It is important to understand that today organisations are constricting their budgets on things that do not directly or indirectly add to the value chain or profit base. However, there is openness in terms of