Moonlighting Vs Gig Economy

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Moonlighting is the concept of having a second job that you work outside your full-time job, typically at night. It can be another full-time job or a supplementary part-time job. It is a job that is just a source of making money and as the dictum goes, the more the merrier. There are employees finding a variety of ploys not to return to physical work and how many of them have a genuine issue, is now open to question.

Moonlighting has led to an increase in the number of Start-ups across the globe. Technology and software companies in India are divided on whether to allow their employees to moonlight for other companies while still being on their payrolls or not.

The companies opposing the Moonlighting are growing threat and competition. A report says that several successful companies like Infosys, Flipkart, Freshdesk, and others were established by their founders while they were moonlighting at their day jobs.

Going back to history, moonlighting is not a new thing. Infosys founder Narayan Murthy was working with Patni Computer Systems when he founded Infosys. At the same time, when we see the startups, Flipkart was founded by Sachin and Binny Bansal while they were working for Amazon.

Freshdesk, which got listed on Nasdaq last year, was founded by Girish Mathrubootham while he was working for Zoho Corporation. Whether they like it or not, company leaders need to recognize that their full-time employees might want side hustles or moonlight gigs.

Recently Wipro terminated the services of 300 staff members who it discovered were working for its competitors while still being on the company’s payroll. If we go by Wipro’s action and Infosys’s pronouncements, they mean business. It has to start with a full on office presence as in pre-Covid-19 days.

The movement of the employees should be completely controlled by the employer. An undertaking of single employment and well thought out Code of Conduct has to be put into .

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  • Watch Moonlighting Vs Gig Economy Video
    Moonlighting Vs Gig Economy

    Moonlighting is the concept of having a second job that you work outside your full-time job, typically at night. It can be another full-time job or a supplementary part-time job. It is a job that is just a source of making money and as the dictum goes, the more the merrier. There are employees finding a variety of ploys not to return to physical work and how many of them have a genuine issue, is now open to question.

    Moonlighting has led to an increase in the number of Start-ups across the globe. Technology and software companies in India are divided on whether to allow their employees to moonlight for other companies while still being on their payrolls or not.

    The companies opposing the Moonlighting are growing threat and competition. A report says that several successful companies like Infosys, Flipkart, Freshdesk, and others were established by their founders while they were moonlighting at their day jobs.

    Going back to history, moonlighting is not a new thing. Infosys founder Narayan Murthy was working with Patni Computer Systems when he founded Infosys. At the same time, when we see the startups, Flipkart was founded by Sachin and Binny Bansal while they were working for Amazon.

    Freshdesk, which got listed on Nasdaq last year, was founded by Girish Mathrubootham while he was working for Zoho Corporation. Whether they like it or not, company leaders need to recognize that their full-time employees might want side hustles or moonlight gigs.

    Recently Wipro terminated the services of 300 staff members who it discovered were working for its competitors while still being on the company’s payroll. If we go by Wipro’s action and Infosys’s pronouncements, they mean business. It has to start with a full on office presence as in pre-Covid-19 days.

    The movement of the employees should be completely controlled by the employer. An undertaking of single employment and well thought out Code of Conduct has to be put into

    Technology video | 128 views

  • Watch Moonlighting reflects the sign of Recession Video
    Moonlighting reflects the sign of Recession

    Giants like TCS, Infosys and Wipro rely predominantly on the US and European markets, which contribute to 80-90% of their revenues. Concerns of a recession in the US and Europe – the major markets for Indian IT giants has forced Indian IT companies to remain cautious going forward.

    Experts say, the December quarter could prove to be the ‘inflection point’ as far as wages and attrition rates are concerned. Lower revenue compels businesses to cut back on staff, which leads to higher unemployment.

    The US market contributes anywhere between 40 – 78% of the revenues earned by Indian IT companies. Tata Consultancy Services, Infosys, Wipro, HCL Technologies, and Tech Mahindra are the top five firms which have more than a 50% exposure to it.

    A weakening macro environment may translate into lower IT spends and slower growth for Indian IT companies. Banks, including Citigroup, Deloitte and PNC Financial Services, previously predicted a slowdown in 2023, but recent forecasts say a recession could occur in 2022 or earlier in 2023 than formerly expected.

    Indian IT majors are serving thousands of global companies. The advantage of India’s service companies, offered lower-cost back-office IT operations, but in recent years these firms have also moved up the value chain into more strategic areas such as cloud migration, business analytics, process automation, artificial intelligence, machine learning, the Internet of things, and other forms of “digital transformation” agenda.

    With the current economic slowdown in the US, is already showing signs of spill-over in the Big Tech revenues – Amazon Web Services, Microsoft Azure and Google Cloud, the world’s top cloud platforms, reported a 7% decline in revenue. Google has suspended hiring new employees and reportedly told some existing employees to 'shape up or ship out' if expectations are not met.

    Now, with talks of recession in the US and Europe gaining momentum, these I

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  • Watch Gig economy to address tech talent demand-supply gap Video
    Gig economy to address tech talent demand-supply gap

    Talent continues to remain a key advantage for the Indian tech Industry. Globally, India has the 2nd largest annual supply of STEM graduates, 4x-4.5x higher than the USA, and is also a leader in terms of women diversity among STEM Graduates at 47.1%.

    Though the accelerated demand for digital transformation has intensified the talent crunch globally, the gig workforce has emerged as an important talent management strategy for organizations and can play a key role in closing the tech talent demand-supply gap.

    Notably, Software Development, UI/UX Design, and #DataAnalytics have emerged as the top three in-demand giggable skills within the technology sector. 65% Indian firms employing gig workers to tackle tech talent crunch, says #NASSCOM’s report.

    The report further says that India has the lowest tech talent gap among top tech locations such as the USA, China and UK. Strategies such as increased hiring of sub-contractors and external gig workforce especially for niche digital technologies and offering internal Gig platforms for better utilization of existing employees, amongst others, continue to support organizations in closing the gap faster.

    As per the NASSCOM, Indeed and AON survey of over 70 organizations, nearly 2/3rd (65% of the surveyed organizations) of them are employing gig workers as of 2022, a higher share compared to 57% of the organizations in the year 2020. While the share of organizations employing Gig Workers has increased, their proportion remains less than 5% of the total workforce (For companies with more than 2000 full time employees).

    However, for smaller organizations with less than 2000 full-time employees, gig worker proportion is more than 5%. Notably, none of the organizations have mentioned a decline in gig hiring. In about 15% of the surveyed organizations, the proportion of gig workers in the past two years has increased by more than 30%, proving the efficacy of the model.

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  • Watch Parliamentary Panel urges for Digital Competition Act for Gig Economy #shorts Video
    Parliamentary Panel urges for Digital Competition Act for Gig Economy #shorts



    Parliamentary Panel urges for Digital Competition Act for Gig Economy #shorts

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  • Watch Parliamentary Panel urges for Digital Competition Act for Gig Economy #shorts Video
    Parliamentary Panel urges for Digital Competition Act for Gig Economy #shorts



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  • Watch Financial institutions are geared to support Gig economy Video
    Financial institutions are geared to support Gig economy

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    The COVID-19 pandemic has accelerated the adoption of newer processes, ushering in a new competitive landscape, stifling growth in some traditional product areas, prompting a new wave of innovation, recasting the role of branches, and of course, accelerating digitization in almost every sphere of banking and capital markets powered by the most modern of cloud-based technologies. It is also a fact that, without flexible, local payment options and banking alternatives for a global gig economy workforce, engagement and retention suffer. The gig economy is based on people working freelance, temporary or short-term positions outside traditional employment. And it's booming. One in five adults with a banking account has a gig job or side hustle.



    As the gig economy grows, so will the importance of providing flexible payment solutions. At the same time, scalability in terms of both performance and business is increasingly important for companies providing accounts receivable factoring. Software as a Service has become an ideal solution for banks and factoring companies both large and small—particularly for those just starting out—due to the many and varied benefits cloud-based systems provide. Disruption is creating opportunities and challenges for global banks. While the risk and regulatory protection agenda remains a major focus, banks must also address financial performance and heightened customer and investor expectations, as they reshape and optimize operational and business models to deliver sustainable returns.

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  • Watch Gig Economy and Fintech are the two sides of a coin Video
    Gig Economy and Fintech are the two sides of a coin

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    Gig platforms are challenged by meeting local payment dynamics, regulations, and compliance. Digital experiences will be integral to in-person dining, from the moment an order is placed to the minute the check is paid, and consumers are ready to embrace the change. The growth of the gig economy and fintech go hand in hand and the Fintechs and other providers are enabling new work models and payment options, which is fuelling growth in the gig economy in terms of participation, productivity and attraction of new entrants. A report shows, among Gen Z and Millennial respondents (ages 18-34), 57% said they would prefer to order and pay at the table using their own mobile device, rather than through a server. The younger generations are not alone, as more than one-third (35%) of those aged 35 to 54 said the same. In addition, 31% of 18 to 34-year-olds and 10% of 35 to 54-year-olds would be more likely to frequent a restaurant that offers this payment option.

    Businesses need speed and flexibility in order to stay focused on their growth goals by onboarding new clients, without the need to address potential security risks and maintenance associated with traditional in-house builds. By using the right cloud-based software, banks and factoring companies have access to a wealth of opportunities that are available immediately, instead of having to test, run and develop services in-house. In this way, new businesses can leapfrog forward, tailor-making a microservices offering from a variety of industry tried and tested processes, making new features available to customers with a short time to market.


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    The #COVID19pandemic has significantly disrupted the typical working habits in 2020 and 2021, and there is much speculation about how things are going to settle down moving forward. In its latest report, ‘TMT Predictions 2022’ from GlobalData offers its view on the future of work. The report reveals that reshoring—when the production of goods is returned to the company’s original country—gig economy regulation, and flexible working will become the new norm. Companies are homeward bound as offshore manufacturing is too costly. Reshoring is an increasingly attractive option. Offshoring is losing its cost advantage due to significant supply chain disruptions and rising labour costs in countries such as China. Companies are also being pressured to localize production to reduce their carbon footprints and support the post-pandemic rebuilding of their home country’s economy. Reshoring will destroy more jobs in developing countries than it will create in developed countries. It also won’t make up for all the jobs initially lost through offshoring because today’s production line is less labour intensive, but it will still make a welcome difference as developed economies shake off the pandemic.

    The growth of the gig economy that we saw in 2021 will continue into 2022. However, this growth comes with increasing instability. The gig economy model is precarious and unsustainable due to landmark regulatory changes across Europe, classifying more and more gig workers as employees rather than independent contractors. Governments will continue to legislate in favor of gig workers, and this will heavily increase costs for companies that now need to afford sick days, holidays, and pensions. According to GlobalData surveys, 42% of workers are still working from home full time, but most offices will return to at least 50% capacity by May 2022. Hybrid working will remain comm

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