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- IT Professional Moonlighting Controversy 7 Lakh Monthly Salary Stress
6 hours ago
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In recent times, 29-year-old IT professional Rohit is in the news because of his moonlighting job. This matter came to light from a personal finance podcast ‘Fix Your Finance. In this Rohit described himself as an IT employee. After this, Rohit and his work started being discussed in social media and media.
Rohit’s monthly income is 7 lakhs
Rohit is an Indian software engineer. During the show, Rohit told that he works in an Indian company during the day and in an American company at night. His monthly income from both the jobs is said to be around Rs 7 lakh. His annual salary package is Rs 84 lakh. They work about 16 hours a day. He has two houses, one car and savings of around Rs 80–82 lakh.
do two jobs at once
Rohit fears that IT jobs may be affected in the future due to AI (Artificial Intelligence). They feel financial insecurity due to childhood economic difficulties. For this reason, he is working two jobs continuously, although this has also increased the mental and physical pressure on him.
Brother left studies to teach Rohit
Rohit told in the show that the financial condition of his family was not such that two children could be educated together. So his elder brother left his studies so that Rohit could study. He feels that if he is no longer able to fulfill the needs of the family, it will be like a defeat for the family.
Troubled even after saving Rs 80 lakh
Rohit said that he has savings worth Rs 80 lakh. He has bought a house worth Rs 84 lakh and a car after becoming a father. Both of them have huge EMIs every month. In this era of inflation, despite savings of Rs 80 lakh, Rohit is worried about his financial security.
Will leave a job after saving 7-8 crores
When Sharma asked Rohit if he would consider quitting one of his jobs to create a better balance between his work and personal life, Rohit said that he set a financial goal before taking this decision.
Rohit said – I want to save Rs 7 or 8 crore in the next 5 to 6 years. Then I will leave that job and just continue my US job.
What is moonlighting work?
Working multiple jobs at once is moonlighting. This is a part-time job or freelancing work. Because this work can be done with laptop and internet.
Moonlighting in India:
There is no national law on moonlighting in India. Its permission mainly depends on the employment contract, HR policy of the company and applicable labor laws. If the employee works for a competing company or shares confidential information without the company’s permission, it may be considered a breach of contract.
The practice of moonlighting has been around for decades, but it became a topic of discussion in India’s IT sector post COVID-19 (from 2020) and especially from 2022. The purpose of moonlighting is to earn extra income, learn new skills or gain experience.
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