Enabling employees to earn an extra buck makes them happy

Post-Covid, the way of working of organisations and employees has seen a change. Employees have experienced work-from-home (WFH) scenarios continuing for months together and feel that the same model can be continued. While organisations consider both the aspects of employee well-being and business growth.

While both sides weigh the pros and cons of working from home or the office, this issue of moonlighting has also turned into an issue of ethics vs commitment with supporters from both sides.

In our industry of fintech, organisations have to work both in a regulated environment and certain consumer-facing developments which could be done in a third party environment. When it comes to a company like ours operating in a regulatory environment, the developments in customer data sensitivity and its integrations affect the whole banking ecosystem, which makes it difficult for a moonlighting scenario. Also, as the regulatory bodies persuade us to follow the stringent guidelines of data sensitivity and data privacy, it further diminishes the chances to follow a moonlighting policy by default.

Enabling employees to earn an extra buck should for sure make the employee happy to work. But we think that the commitments could be more on the passion projects side rather than the same domain as work. As always, this topic is hotly debated as there is no cookie-cutter solution to it.

- Ajit Yadwadkar, Vice President and Head HR, LoanTap