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'Moonlighting is unstoppable': Former HCL CEO backs employees, questions management 

'Moonlighting is unstoppable': Former HCL CEO backs employees, questions management 

The former CEO also questioned top management of companies and wrote, “Is senior management being part of other company boards moonlighting? When they invest their own money in startups and make profits, is that moonlighting? Is their trading in stock markets moonlighting?”

Aakanksha Chaturvedi
Aakanksha Chaturvedi
  • Updated Oct 18, 2022 3:47 PM IST
'Moonlighting is unstoppable': Former HCL CEO backs employees, questions management Ex HCL Tech CEO Vineet Nayar took to LinkedIn to express his views on the issue of moonlighting

Vineet Nayar, the former CEO of HCL Technologies, has entered the heated debate around moonlighting and questioned the top management of companies saying if their involvement in other companies as board members or as investors in startups amounts to moonlighting.

Nayar, also an author and philanthropist, took to LinkedIn to express his views on the issue of moonlighting - the practice of taking up multiple jobs.

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The former CEO questioned top management of companies and wrote, “Is senior management being part of other company boards moonlighting? When they invest their own money in startups and make profits, is that moonlighting? Is their trading in stock markets moonlighting?”

“Why call everything an employee does outside work as moonlighting,” he added.

Also WATCH: Moonlighting: Cheating or Choice?

Nayar also said moonlighting is “unstoppable.” He said, “Today all employees try to engage with the world outside and work in various forms. This is unstoppable.”

He suggested that organisations need to help employees navigate side gigs better to prevent conflict of interest instead of trying to stop them.

“Rather than try and stop them, an attempt must be made by organisations to canalise that trend as has been done with senior management of various companies and allow them to do so, so long as it is not in conflict with the organisation,” Nayar posted.

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He also said that this would help in employees being more productive at their day job. He noted, “Organisations must understand that letting employees pursue something that interests them in their spare time, whether being done for money or otherwise, can turn out to be more productive for them.”

Moonlighting in the IT sector has become a heated debate after Wipro chief Rishad Premji took to Twitter to say that the practice is "cheating". Later other industry leaders clarified their position on the same. TCS COO Ganapathy Subramanian called it “an ethical issue”  while IBM India director Sandip Patel called it “ethically wrong.”

Also Read: Wipro, Infosys, Capgemini: Freshers await offer letters for up to 10 months after selection - BusinessToday

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Also Read:  Infosys delays onboarding date again; job claimants say 'fourth postponement in four months’ - BusinessToday

ABOUT THE AUTHOR

Aakanksha Chaturvedi
Aakanksha Chaturvedi

I am a multimedia reporter working across Business Today properties, at the India Today Group.

I break stories for BusinessToday.in and write longform analytical pieces for the Business Today Magazine.

I also report for India Today TV's the Business Today Show and the Tech Today Show.

I am the youngest reporter with a cover story in the Business Today magazine (most widely read Indian business magazine). I am also the youngest reporter covering business news on TV.

I have previously worked with International Business Times (US edition) and Coin Crunch India. I graduated with a degree in mass media from Mithibai College, Mumbai in 2021.

Leads and tips- aakancvedi@gmail.com/ aakanksha.chaturvedi@aajtak.com
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Published on: Oct 18, 2022 11:17 AM IST