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
Main Reasons why corporates are preferring working with expert-on demand leading to a major transition in the talent acquisition economy. According to a news report published in Economic Times, there is a 50-100% growth in demand for top-level management and senior executives in the field of technology, e-commerce, pharmaceuticals, life sciences, manufacturing and industrials. Etc. Moreover IT firms, banks and private equity payers, unicorns and nascent entrepreneurial start-ups, almost everyone is in the process of hiring the top-level managers, say the top-notch talent acquisition consultancies. In a usual scenario, when the hiring is going on aggressively, the shortage of the right kind of candidate, compels organizations to pay higher compensations. Whereas in a gig culture, corporates get a chance to work with CXO on an assignment basis for a pre-defined period, avail specialized services with reduced liability and cost. As per the new trend, many business organizations are dive