Moonlighting policy: A paradigm of innovative hr strategy in corporate world

In the recent times a number of creative and innovative strategies have been adopted by the corporate world to retain employees and to increase their satisfaction. The business organizations across the globe have been making efforts to introduce more and more creative and innovative strategies to keep in tandem with the ever changing business environment. The purpose of any HR strategy is to keep their employees happy and also to remain competitive in the corporate world. In the recent times a number of creative and innovative strategies have been introduced by the business world such as mental health coaching, ethical leadership, gamification, cash to quit, nap time among others. Moonlighting policy is the latest in this list by the corporate world to predict the future requirements of the employees rather than dealing with them in the future. The purpose of this research paper is to study the moonlighting policy and the manner in which it is being adopted by the corporate world across the globe. This research paper concludes that this type of creative and innovative HR strategy is the need of the hour but a number of legal and moral issues have to be taken care before the concept of moonlighting policy can really benefit the employees and the organization.