NFTs or non-fungible tokens are a new and exciting technology that has taken the world by storm. These digital assets have opened a new world of possibilities for software professionals. Joining an NFT community group for software professionals can provide a wide range of benefits for those who are looking to explore this emerging field. In this article, we will explore 4 benefits of joining an NFT community group for software professionals.Continue reading “4 benefits of joining an NFT Community Group for Software Professionals “
In recent years NFTs (Non Fungible Tokens) have emerged as a popular way to represent digital ownership & authenticate unique digital assets. NFTs are unique digital tokens that are stored on a blockchain, providing a secure & transparent way to prove ownership & authenticity of digital content.Continue reading “Introducing NFT Resume MarketPlace”
Every year on the 256th day of the year, a unique celebration takes place that often goes unnoticed by the general public but holds immense significance in the world of technology. This day, known as International Programmers’ Day, is dedicated to the unsung heroes who build the digital landscape we all rely on.Continue reading “Rezoomex Celebrating International Programmers’ Day”
Pune, June 29 – Rezoomex, a leading organization in the IT industry, recently organized a thought-provoking debate on the topic of ethical moonlighting and its possibilities. The two-hour long event witnessed the participation of 55 eminent professionals, including CEOs and leaders, who shared their insights and perspectives on the matter.
During the engaging debate, 75% of the attendees expressed their support for ethical moonlighting, highlighting its potential benefits. However, there were varying opinions on how moonlighting should be approached and regulated. The participants shed light on several aspects and considerations that revolve around engaging in moonlighting activities.
Mr. Vinayak Joglekar, Founder Director of Rezoomex, emphasized his support for ethical moonlighting when carried out with the prior approval of the primary employer. He pointed out that professionals have been undertaking external projects even before the term “moonlighting” gained popularity. Mr. Joglekar highlighted how highly paid and highly qualified consultants have always shared their time with multiple clients, showcasing the possibility of ethical moonlighting.
Akash Malve, Global Head of Data Science & AI at Exela Technologies, supported moonlighting when conducted within a defined framework based on Competition, Contracts, Competency, and Conflict. He stressed the importance of proper management and adherence to ethical guidelines to ensure a positive moonlighting experience.
Jay Pathak, Angular Architect at Etrade Menlopark, shared his personal experience where hiring a candidate with rare skills proved challenging. He expressed his support for moonlighting as it enabled him to complete his project within the required timeframe. Mr. Pathak believes that moonlighting can be a valuable solution for accessing specialized skills that may not be readily available for full-time hiring.
Aniruddha Paranjape, CEO of Kanaka Software, endorsed moonlighting due to its potential for individuals to acquire rare skills that may be unavailable through traditional hiring methods. As long as work is delivered punctually and customers are satisfied, Mr. Paranjape supports moonlighting within boundaries that do not conflict with the organization’s interests.
Johnson Abraham, Principal Software Engineering Manager at Cloudreach, highlighted the positive aspects of moonlighting, including the development of qualities such as autonomy, time management, confidence, and a sense of ownership. He emphasized how moonlighting can contribute to personal and professional growth, as well as upskilling.
Harish Rohokale, Founder & CEO of Apptware & Appmart, expressed his concerns about moonlighting, citing client code confidentiality, productivity issues, and security as potential drawbacks. He implemented a model within his company that allows team members to earn and learn through in-house projects, providing an alternative to moonlighting.
Ronak Patil, Founding Technical Engineer at Cast.AI, generally agreed with moonlighting within a defined framework. He highlighted the additional financial incentive it offers, especially for juniors with lower salaries who face challenges in expensive cities like Pune and Bangalore. Mr. Patil suggested that moonlighting can serve as a viable option for individuals seeking additional income.
Manish Agrawal, Co-founder & CTO of Yagna IQ Inc, opposed moonlighting, stating that knowledge workers’ responsibilities often extend beyond regular working hours, particularly in product companies. He raised concerns about the potential negative impact on family time, sleep, and concentration on the primary job. Mr. Agrawal recommended individuals to explore freelancing or consulting as alternatives.
Shreya Thombre, Project Manager (PMO) at IBM, also voiced her opposition to moonlighting, placing a high value on loyalty to the primary employer. She emphasized the significant risks associated with conflicts of interest and data privacy that can arise from allowing moonlighting activities.
Pratap Shrotriya, CEO of SplendorNet Technologies, presented perspectives from both employers and employees. From an employee’s perspective, he highlighted the importance of satisfaction over monetary reasons. Mr. Shrotriya stated that engaging in multiple activities may prevent individuals from finding time for themselves and their families. As an employer, he expressed the company’s preference for employees to focus on their primary work and conserve their energy rather than engaging in moonlighting activities.
Kiran Ratnakar, Director of Cybersecurity, Cloud, Encora, shared his experience of moonlighting with prior approval from the CTO. He acknowledged the potential benefits of additional knowledge gained from moonlighting that can be useful to the current company. However, Mr. Ratnakar cautioned about the risks associated with intellectual property protection and insider threats, emphasizing the need for certain constraints on moonlighting activities.
Salil Khedkar, Head of Software Engineering at Microlise, adopted a neutral standpoint. While supporting ethical moonlighting for building a talented and thriving team, he stressed the importance of addressing productivity and work-life balance issues. Mr. Khedkar recommended allowing moonlighting activities with proper guidelines and regulations.
The debate also brought to light the reasons why individuals consider moonlighting, including underutilization of capabilities and idle time. Employees emphasized the need for companies to value their output and focus on outcomes rather than measuring time spent or filling time sheets. However, a discrepancy arises as companies often charge clients based on the time and material model, leading to a mismatch in expectations.
A unique proposal was discussed during the event, suggesting the development of an NFT system to lock in the identity of employees engaging in moonlighting. Additionally, a three-way smart contract was proposed to ensure that both companies simultaneously working with the employees can receive the appropriate share of their time and attention.
Overall, the debate on ethical moonlighting organized by Rezoomex received a positive response and facilitated a healthy exchange of ideas. Rezoomex extends its gratitude to all the participants for their valuable time and contributions. The organization expresses its intention to organize further events on this topic in the near future.
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First Year Attrition:
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