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Tag: India Today Conclave

  • Moonlighting underscores employer-employee relationship rules are changing

    Moonlighting underscores employer-employee relationship rules are changing

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    The raging moonlighting debate has underscored that this is a crucial moment where the rules of the employer-employee relationship are changing and companies will have to figure out newer terms of engagement with the workforce of the future, agreed the HR experts at the India Today Conclave in Mumbai on Friday.  

    Calling it a sociological issue, Prabhir Jha, Founder & CEO, Prabhir Jha People Advisory, said moonlighting refers to a fundamental collapse in trust and communication (between the employer and employee) and the ability of the top leadership to mingle with staff and pick these cues in time. “Yes, you can fire people because moonlighting is a violation of the contract as it exists, but you can’t fire 50,000 people. So, the solution is in improving the level of leadership conduct, maturing managerial competence, building greater trust and recognizing that flexible working and working by choice is here to stay and to what extent can we accommodate. It’s about redefining the way we work,” he said at a panel called ‘Moonlighting: Digital Economy’s Bane or a New Reality?’ 

    If you refer to moonlighting as unethical behaviour and sack X number of people, what it also implies that you haven’t taken route to warn, according to NS Rajan, Former Group CHRO, Tata Group. “If you want to take a moral high ground, should you be sacking them without giving them a chance, should you keep compensation disparity at the levels at which they are. If you are worried about your bottomline, the individual is worried about his safety net.” 

    On the way forward, Sonal Agarwal, Managing Partner, Accord India, said there are two kinds of employees in an organisation – the long-term employee who is building a career within the organization and the young emerging gig workgorce which is not looking it at that way — and organisations have to respond to them accordingly. “Perhaps rules need to be different for them than what it is for the traditional employees.” 

    Jha also said that the construct of talent staffing is going to change. “There will be a lot more of the gig or part association for the cost economies, or the inability of most companies to offer meaningful learning and career opportunities. You cannot be a uniform career providing employer to 10,000-50,000 people. “Smart management thinking will be to look at providing meaningful careers, string in people who are happier, search for talent beyond the obvious. So, they have to disturb their historical thinking, experiment a lot more, there will be mistakes but the future will give us very different models.” 

    Rajan also said that youngsters have moved from reverance to relevance. “Is what your offering relevant to my growth and giving room for my aspirations? Those are the things that are really changing.” 

    However, Agarwal cautioned that there are tradeoffs involved in gig work compared to working in a more structured environment as well. She said that manufacturing and industrial companies are hiring in full steam even amid the choppy waters in the job market amid global headwinds as they have invested heavily in the past few quarters, but services industry tend to go up and down. 

    Also read: ‘Loyalty has gone for a toss’: Millennials, moonlighting & start-ups

    Also read: Tech Mahindra CEO supports moonlighting, wants employees to take permission before taking side job

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  • ‘Rishi Sunak is British in heart and mind,’ says British High Commissioner to India Alex Ellis 

    ‘Rishi Sunak is British in heart and mind,’ says British High Commissioner to India Alex Ellis 

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    Indians were glued to their television sets when Rishi Sunak became the first Indian to enter the 10 Downing Street as the UK Prime Minister. But what do the Brits think about their new Prime Minister?  British High Commissioner to India Alex Ellis said that the current UK Prime Minister Rishi Sunak’s heart and mind is fully British. 

    Ellis said in Hindi, “Zaroor wo bharatiya mool ke hain aur hindu bhi hain, ye dil aur dimaag puri tarah se British hai. Aaj kal mujhe bahut khushi hai ki mere desh modern United Kingdom mein ye dono sambhav hain (Even though he is an Indian and a Hindu, Sunak is British from heart and mind. I am very happy that this is possible in my country– modern day United Kingdom.)” 

    He also went ahead and said, “I am sure he is rooting for the English team.” The top British diplomat in India further mentioned that Sunak is on the top since he is a very capable man. Ellis was speaking to India Today Group’s Editorial Director (Publishing) Raj Chengappa during the India Today Conclave in Mumbai. 

    While talking about Sunak as the new UK PM, Ellis underscored that the British Foreign Secretary James Cleverly could not think of a world wherein “the UK thrived without India thriving”, while also stating both the countries share extraordinary relations in the realms of politics, academics as well as sports.  

    Rishi Sunak succeeded Liz Truss and became the Prime Minister of the UK in October. For those wondering what Sunak’s India connection is, his wife Akshata Murty is the daughter of Infosys founder Narayana Murthy and philanthropist Sudha Murty. 

    Moving ahead from Sunak, Ellis also talked about the impending Free Trade Agreement (FTA) between the two countries. He said, “The majority of the process is done. It has reached its final stage and this requires trust at both ends.” Commenting on India’s green goals, Ellis mentioned that the UK cannot solve global problems without India, adding it has a voice to reach a lot of countries. 

    Also read: India Today Conclave Mumbai live updates: OTTs have democratised talent, says Abhishek Bachchan

    Also read: Why UK PM Rishi Sunak, Akshata Murthy chose the smaller Downing Street flat as residence

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