Moonlighting is a scam in the tech industry: Wipro’s Rishad Premji

Date:

Share post:

[ad_1]

Commenting on people taking up projects on the sidelines of their regular jobs, Wipro Executive Chairman Rishad Premji tweeted on Saturday that moonlighters in the tech industry are a “scam”.

The reference could be that food tech startup Swiggy allows its employees to take up other jobs in their spare time for “economic considerations”. According to internal approvals, employees of a SoftBank-backed company may work outside business hours or on weekends, but must ensure that their projects do not conflict with Swiggy’s business.

Unless Swiggy can ensure that a certain number of employees earn a certain amount, it may seem like a public relations and talent retention experiment, experts said.

“There’s a lot of talk about people moonlighting in the tech industry. It’s a scam – plain and simple,” Premji tweeted.

By the way, Wipro has capped employee variable pay above a certain threshold, mainly due to pressure on margins, inefficiencies in the talent supply chain and investment in technology. Moonlighting is not a new phenomenon. A recent Kotak Institute Equity survey of 400 people in the IT and ITS space found that a staggering 65 percent of people are aware of pursuing part-time opportunities or moonlighting while working from home.



[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Myanmar Earthquake Tragedy: Death Toll Surpasses 2,000 Amid Dire Humanitarian Crisis

Myanmar Earthquake , leaving devastation in its wake as the death toll continues to climb, now surpassing 2,000...

Trump Tariffs Shake Auto Industry: European Carmakers Face Market Turmoil

Trump Tariffs Shake Auto Industry: European Carmakers Face Market Turmoil The announcement of a 25% tariff on car and...

Alibaba Revives Hiring as Chairman Joe Tsai Warns of AI Bubble Risks in U.S. Market..

Alibaba Group has announced its decision to resume hiring, signaling renewed confidence in its growth trajectory following recent...

Jennifer Lopez Dazzles at Othello Premiere in New York, Calls Daughter Emme ‘The Most Amazing Date’

Jennifer Lopez turned heads as she arrived at the highly anticipated premiere of Othello in New York City,...