Picture this scenario if you can: you are running a relatively young company in a fiercely competitive marketplace where the norm is feverish change. Suddenly, in the midst of a firestorm, your CEO leaves you or even worse you are having to ask him to go. Where does that leave your organization? To even mature organizations, such sudden exits can be deeply unsettling. For smaller businesses it may be a death blow. Take Twitter for instance which, even before Elon Musk, has not been a stranger to leadership upheavals. When CEO Dick Colosto left the engine room of the microblogging giant on a short 2-week notice, he left a potentially disruptive vacuum at the top. Only, it’s founder Jack Dorsey by taking over as “interim CEO” ensured that Twitter absorbed the shock without so much as a twitch of a muscle. From behemoths like Twitter to small startups all across the world, Interim CEOs or CXO’s have helped steer businesses through the rough waters of turbulent leadership change.
The news is abuzz with leading dailies reporting about employees that have been moonlighting, or ‘two-timing’ their employers, so to speak, after it came out that a Noida-based IT employee was working for as many as 7 different organizations—at the same time! In fact, a study by ResumeBuilder.com states, 69% of remote workers have a second job; 37% of them have a second full-time job while 32% have a side hustle. From running an independent small business to picking up contract-based work from multiple organizations, one job no longer seems to be enough for a majority of the workforce in 2022. Technically Speaking, What Is Moonlighting? You know that clause in your employment contract that prohibits you from working with another company, part-time or full-time? Moonlighting breaks this very clause. Moonlighting basically means you have a ‘second job’ or are gainfully employed by more than one company at the same time. Usually the second job is done after hours, ie, at night, wh