India Inc Seeks Help From Law Firms To Address Moonlighting: Report

Several in India have been seeing a sharp jump in approaching them to redraft agreements, find loopholes, and enforce restrictions to address the issue of moonlighting. Some are even asking to enable the practice with proper checks and balances, a report in Economic Times (ET) said.

Moonlighting is a practice of having a secret job in addition to one's regular . has been greatly divided on the issue. Recently, fired 300 employees for having a second job. Some start-ups, including Swiggy, on the other hand, have allowed their employees to have a second job.

"Several organisations in the IT/ITeS sector have been emphasising the requirement to have their contracts and policies revisited, including additional clarity on their stance against possible moonlighting," Anshul Prakash, partner, employment labour & benefits at Khaitan & Co told ET.

Also Read | The moonlighting volcano: Ready to erupt

The moot point, according to Prakash, was to specify that the confidentiality obligations will stretch beyond the work hours.

In the coming days, may even start drafting tighter agreements with clear, defined boundaries, another expert said. This includes defining the work obligations and ensuring that the quality of work is not compromised.

"Some organisations are most certainly looking into their policies and contracts to ascertain if they can allow employees to work an additional job(s) without really compromising the quality of work or business interest of the organisation," Veena Gopalakrishnan, Partner - Employment Law, at AZB & Partners told ET.

However, there are also cases where employers are reaching out to employees to understand the "gap" and address it.

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more