If you work in Mukesh Ambani’s Reliance Industries, then now you will not be able to work in Gautam Adani’s company. In fact, Gautam Adani-led Adani Group has entered into an agreement with Reliance Industries.
If you work in Mukesh Ambani’s Reliance Industries, then now you will not be able to work in Gautam Adani’s company.
If you work in Mukesh Ambani’s Reliance Industries, then now you will not be able to work in Gautam Adani’s company. In fact, Gautam Adani-led Adani Group has entered into an agreement with Reliance Industries, under which both the groups will not be able to hire people from each other. According to Business Insider India reportThis agreement has come into force from May this year and will be applicable to all their businesses.
The two companies face each other in many areas.
Let us tell you that two big business groups of India have entered new sectors in the recent past, in which the second one is already present. Last year, the Adani Group announced its entry into the petrochemical sector. Reliance has a huge presence in this area. Both have a presence in the high-speed data services sector as well. Adani Group has recently bid for 5G spectrum.
Agreements on such anti-poaching have not been seen before in India. And their presence in India is increasing. The war between companies to hire talent has increased and its cost has also increased. The increasing expenditure of companies on salary is a risk for companies, especially where there is a shortage of talent and conflicts can increase the risk.
Such agreements have taken place before
According to the report, a senior official of a global company working with both the companies said that these agreements have always been there and are of informal nature. He told that from now on, both the groups will not be able to hire each other’s employees. A poaching agreement is legal as long as it does not restrict a person’s right to be employed.
According to the report, a partner working in a corporate law company said that there is no law that prevents two companies from entering into such agreements with each other unless they have the largest presence in a sector. Is. At present, these two companies do not have a joint dominance level presence in any sector. Even before this, many companies have added such conditions in the contracts of their employees, so that they cannot join rival companies. Additionally, in some cases, employees may not work with the competitor even after the contract expires. In these cases, a cooling period exists before which employees cannot work for rival companies.