Moonlighting - A New Threat to IT Industry

Abstract

Working on a web platform, gigging, freelancing, and moonlighting have all arisen as a side hustle in the industry. Searching for alternative employment is vital in recording the sequence of employees’ withdrawal cognitions. Interest in the practice of moonlighting in India initially developed during the covid pandemic time of concern with the relatively high level of job concerns. In recent years, research has been reported to indicate that sociological and psychological factors are important in influencing the moon-lighting practice. we estimate an empirical version of the incentive for moonlighting assuming that individuals keep a second activity for either monetary or for nonpecuniary motives. Our results contribute to better expertise in multiple-task holding. We find that multiple-job holding is used by employees as a way to deal with financial commitments, personal boosters, or organizational aspects. The increased financial strain brought on by declining income and individual performance is reflected in moonlighting. The research aims to investigate how professionals' job satisfaction is affected by their use of side jobs. Due to an increased sense of uncertainty among insecure workers, moonlighting may be a result of employee conditions. We have seen during the pandemic that people can get satisfaction from developing skills or credentials. Organizations have management policies and tools that define how their employees are treated. This affects how much money they make, and whether they are promoted or not. Promotions and raises usually go hand in hand, and travel in the same direction. This shows that promotions are more important than simply giving employees a pay raise. It is also observed that people working in different organizations have personal goals to meet besides working for organizational goals. Overall, the study's key findings showed that working employees' satisfaction with their jobs is significantly impacted by moonlighting.