Compete Strategize With Human Capital By Dr Ekta Sharma

 Human resource across globe is observing sharp trends. Furlough, hiring freeze, great resignation, moonlighting and now once again layoff.  Elon Musk decided for mass layoff at Twitter few days back. Now, Zuckerberg announced layoff of 11,000 employees of Meta. Those who could survive this lay off  are also grappled with fear of their future at work. Its the great example and time to observe 'Survivors syndrome', defined as the fear amongst the employees who survive after the company's decision to lay off the other colleagues.  The issue is grave but I am startled with the other issue- Workforce planning, strategic human resource management. The reason to raise these issues is the news about the employee who joined meta two days ago and for joining his job he relocated to the other country (Canada) where he was assigned work. Just two days into the new job and new location, he was informed that he was laid off (Times of India, 11th Nov 2022. Pg.13, column 2). Doesn'...

Moonlighting: Old trend coming to light now   Wipro sacked 300 employees on the ground of a ‘breach of integrity and employment contract’. The employees were found to be working for Wipro’s competitor, even when they were on Wipro’s payroll. That’s what is termed ‘moonlighting’. Moonlighting is the practice of an employee working for another employer even when he is full-time employed with one employer. Many IT companies raised concerns against moonlighting and warned the employees of the harsh repercussions if found to be involved in it. The Pandemic and Working from home are considered the factors which led to the prevalence of moonlighting practices. This is not limited to specific geography but is observed across the globe. Industry veterans like IBM, Wipro, and Infosys termed it ‘unethical’ and cautioned employees to read the employment contract before accepting the assignment outside the organization. This thought implies that the employee has no discretion to utilize his...