The company is looking at allowing side gigs as long as they don’t interrupt work at Tech Mahindra and only for short periods, such as over the weekend or a few hours a week, said Soin, who is also its marketing chief.
After Swiggy, Tech Mahindra will be one of the few companies to have a formal labor policy. In the IT services space, Infosys, which had earlier warned employees not to take on side hustles, recently softened its stance, as reported by ET.
Tech Mahindra’s work policy will include certain principles — business cannot be with competitors, must adhere to the Master Service Agreement or User Agreement, require written permission from the company, and cannot conflict with Tech Mahindra’s interests. “You should be open about that. If you come and get written permission, it is allowed, but there is a process to follow,” Soin told ET.
Tech Mahindra CEO CP Gurnani said at an earnings conference earlier this month that the Mahindra group company is yet to come out with a policy on the use of labor because it has to be something that complies with local laws in the more than 90 countries where it operates. had operations.
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The company has taken action against people who don’t disclose their side hustles, Soin said. “For example, if you’ve applied for a job and we find that you’re currently working, we obviously wouldn’t give you a job.” “We actually prevented a significant number of people from entering,” he said.
Food delivery company Swiggy announced its work policy for work in August. It said employees may take on external projects for pro-bono or economic consideration based on internal approvals. “This could include off-hours or weekend activities that do not affect their full-time job productivity or in any way have a conflict of interest with Swiggy’s business,” it said.
The rubbing slows down
Tech Mahindra’s quarterly annual attrition rate eased to 16% in the July-September period from 18.1% a quarter earlier, Soin said, adding, “We are among the lowest among peers in terms of attrition.
That happened with initiatives like employee engagement activities, especially in the last two pandemic years, a focus on small-town hiring, innovative annual incentives and specific targeted quarterly performance-based incentives, he said.
Currently, Tech Mahindra has about 10% of its workforce in tier 2 and 3 cities. “We have enabled employees to work from their hometowns in tier 2 and 3 cities,” Soin said. The company operates in over 10 tier 2 cities, with over 5,500 employees.
“During the last two years of the pandemic, employees wanted to be closer to their families. And our value proposition in second-tier cities is that they will always keep you there,” he said.