ALL >> Business >> View Article
Revisiting The Basics Of Moonlighting And Quiet Quitting
COVID changed the way people worked, and businesses functioned. Work from home (WFH) and hybrid work became the normal ways of working. Although employees found these options convenient, employers and their HR had to grapple with two new challenges – Moonlighting and quiet quitting. Social and mainstream media channels have been ablaze with these terms.
Let’s re-examine them once again.
What is Moonlighting?
The practice of taking up a second job while working full-time in one company is called moonlighting. A concept that originated in America, moonlighting is practised by employees to either supplement or safeguard their income. The younger folks (Gen Z) do it to enhance their exposure by taking on newer challenges in their career.
According to the India Workforce Hopes and Fears Survey 2022 by PwC, 71% of Indian employees are extremely concerned about being overlooked for career advancement opportunities.
Some IT corporates have openly dissuaded employees from moonlighting. An energy and infra company stated that this practice cropped up because of the hybrid work model. Their CHRO added ...
... that hybrid work does not work for them since their operations entail the physical presence of its employees. Another IT company and a food delivery app accepted it as long as it did not hinder their business operations. In some cases, the employees were expected to take prior approval before accepting an offer.
How Can It Be Prevented?
Companies can add a non-compete clause in the employment contract signed by employees. It prohibits an employee from working for two competitors concurrently. But employers who approve of moonlighting need to take stern measures to avert a conflict of interest. Otherwise, one company’s time and resources could be exploited to perform another’s jobs. Usually, underpaid employees resort to this tactic to meet their financial commitments. Therefore, employers need to ensure that their employees are not underpaid.
Recently, we all read about an IT major that tracked and terminated employees working simultaneously with a competitor. They used the UAN to spot double entries in the employees’ PF accounts. Nowadays, there are plenty of tools to trace dual employment. But some companies believe that a better way to maintain a loyal workforce is by understanding employee sentiments and instilling a sense of belongingness.
What is Quiet Quitting?
A trending term, quiet quitting, refers to a scenario where an employee does only what is required to get a job done and nothing more! Also called silent quitting, this usually happens due to a higher stress level or deterioration of interest in the job. Sometimes, a disgruntled employee could suddenly switch to the quiet-quitting mode. Some opine it’s just a way to strike the right work-life balance.
In certain functions, employees must go beyond the call of duty to deliver better results. If they resort to quiet quitting, it could adversely affect their productivity and the company’s overall performance.
Popularised on TikTok, the concept of quiet quitting has been trending on channels like Twitter and LinkedIn, among others. India-specific reports reveal that quiet quitting is not only prevalent in IT but also in the banking, defence and government sectors.
Read More: https://ciolookindia.com/revisiting-the-basics-of-moonlighting-and-quiet-quitting/
Source: https://ciolookindia.com/
#globalbusinessleadersmagazine #Entrepreneurmagazine #BestEntrepreneurMagazines #topmostbusinessindiamagazine #businessstories #bestonlinebusinessmagazine #Moonlighting
Add Comment
Business Articles
1. Lucintel Forecasts The Global Polyvinylidene Difluoride (pvdf) Market To Reach $2 Bllion By 2030Author: Lucintel LLC
2. Electronics Thermal Management Solutions Market Size & Share, Analysis 2031
Author: Andy
3. Choosing The Right Custom Injection Mould Manufacturer For Your Needs
Author: MOULDING-INJECTION
4. Discover The Timeless Beauty Of Handmade Ceramic Products
Author: Matthew Edwards
5. The Power Of Advanced C Frame Mechanical Power Presses
Author: Mankoo Presses
6. Lucintel Forecasts The Global Short Fiber Thermoplastic Market To Reach $24 Billion By 2030
Author: Lucintel LLC
7. Lucintel Forecasts The Polyurethane Resin In The Global Composites Market To Reach $188 Million By 2030
Author: Lucintel LLC
8. Custom Sticker Printing In Dubai: The Answer To Individual Branding
Author: Digital glob
9. Lucintel Forecasts The Global Greaseproof Paper Sheet Market To Reach $3 Billion By 2030
Author: Lucintel LLC
10. Speech Development Experts For Kids In Hyderabad
Author: pavitra
11. Lucintel Forecasts The Global Polypropylene (pp) Compound Market To Reach $15 Billion By 2030
Author: Lucintel LLC
12. Forecasting The Expansion Of The Ginger Powder Market
Author: mmr
13. Why Work With A Leadership Consulting Firm: A Complete Guide
Author: cluboneair
14. Unlocking The Billionaires Mindset: 10 Transformative Habits To Achieve Limitless Success
Author: Ourbusinessladder
15. Embrace Solar Energy With Elite Electrical Kent: Your Trusted Partner In Bromley And Beyond
Author: nicola