Flipkart’s co-founder Binny Bansal's company xto10x launched its new moonlighting policy that allows employees to pursue other professional experiences while working full-time in the company.
What is Moonlighting?
According to USLegal, Moonlighting refers to a person doing a second job after normal working hours.
In its statement, the company said it would encourage employees to explore different opportunities for growing up. It also said they would not need any approval to undertake projects from other companies.
Neeraj Agarwal, the chief operating officer (COO) and co-founder of xto10x, said, “Trust is a foundation of our team's success. We believe people should be able to pursue their passions alongside their full-time jobs since this can aid them in excelling at the company. As an employee-centric organization, we believe in creating a work environment where employees can thrive.”
“As a team, we trust our members to make the right decision about what engagements to take on and to disclose if they're getting paid for them. They do not have to obtain approval for pro bono or paid work as long as it does not harm xto10x interests,” he added.
Prior to this, Indian food tech giant Swiggy allowed employees to take up other jobs after working hours or on weekends. However, the company also stated it should not impact its business.
However, IT (information technology) companies like Wipro, Infosys and IBM spoke against Moonlighting. Wipro CEO took the issue to Twitter and compared the practise with cheating.