43% of Indian IT employees favour moonlighting, says Indeed report

43% of Indian IT employees favour moonlighting, says Indeed report

The top reasons why employees work outside their jobs are to safeguard against job loss and supplement their incomes

FPJ Web DeskUpdated: Tuesday, November 22, 2022, 03:46 PM IST
article-image
Image Source: Wikipedia (Representative)

Amid the growing debate on moonlighting, a new report has revealed that 43 per cent of employees in the Indian IT sector find moonlighting favourable.

The top reasons why employees work outside their jobs are to safeguard against job loss and supplement their incomes.

However, employers have a different view of this tendency as 31 percent believe that employees moonlight because they are not adequately engaged in their work and 23 percent believe that employees have ample time on hand for a second job, according to the findings from quarterly hiring tracker by job platform Indeed.

"The pandemic has made employees step back and re-evaluate priorities. In an era where talent is valued more than ever, employers are shifting from a focus on employee experience to employee life experience," said Sashi Kumar, Head of Sales, Indeed India.

Most moonlighting situations that may require an employer to develop a moonlighting policy occur when the moonlighting employee has a "primary", usually full-time position, and a "secondary," or part-time position.

Overall, the report showed that less than one out of five employees (19 percent) surveyed want to moonlight in India, with a large majority of employees (81 percent) saying they do not wish to take up another job alongside the one they currently work in, citing it as unethical.

In most sectors, a large percentage of employees feel moonlighting is unethical and violates the contract.

This is seen in sectors like healthcare and pharmaceuticals (70 percent of employees), FMCG (71 percent), and manufacturing (79 percent), which echo similar beliefs about moonlighting.

Similarly, quiet quitting is another trend that has arisen due to employee stress and burnout.

"In the past few weeks, there have also been several global uncertainties that have led to layoffs across the globe. Amidst this, it's important for employers to relook at their workplace culture and address the underlying issues that are driving such trends," said Kumar.

RECENT STORIES

Siemens In Consortium Bags ₹4,100 Crore Contract From National High Speed Rail Corporation

Siemens In Consortium Bags ₹4,100 Crore Contract From National High Speed Rail Corporation

SEBI Bans Market Expert Sanjiv Bhasin, 11 Others From Giving Advice On TV & Social Media Over Stock...

SEBI Bans Market Expert Sanjiv Bhasin, 11 Others From Giving Advice On TV & Social Media Over Stock...

Gold Declines ₹1,200/10 Grams Amid Weak Global Trends

Gold Declines ₹1,200/10 Grams Amid Weak Global Trends

PM Kisan 20th Installment Date Confirmed, ₹2,000 Will Soon Come In The Bank Accounts; Are Your...

PM Kisan 20th Installment Date Confirmed, ₹2,000 Will Soon Come In The Bank Accounts; Are Your...

Bharat Coking Coal IPO To Open Soon, Coal India Subsidiary Brings Big Offer For Sale

Bharat Coking Coal IPO To Open Soon, Coal India Subsidiary Brings Big Offer For Sale