What are the reasons for the agreement
This agreement i.e. ‘no poaching’ agreement is also necessary. Because Adani Group is going to enter those businesses as well. The business that Reliance is already doing. The Adani Group had announced its entry into the petrochemicals sector with Adani Petrochemicals Limited only last year. Reliance already has a presence in this sector. With this, the Adani Group has taken the first step of its entry into Telecom. Recently Adani has bid for 5G spectrum. When we talk about the green energy sector, Adani Group and Ambani seem to be rivals of each other. Talking about the media, after Reliance, Adani has also made his entry.
How many employees will this affect
Due to this agreement, the paths of lakhs of employees have now been closed. Reliance has over 3.8 lakh employees. Thousands of employees of the same Adani Group will not be able to work in any company of Mukesh Ambani.
trend is increasing in the country
The practice of ‘no poaching’ agreement has not been a practice in the country. But now the trend of this agreement is increasing very fast in the country. Due to salary hike and talent war, companies are insisting on ‘no poaching’ agreement. It is a risk to the companies. Salary hike or increasing salary of employees. Especially in the sector where talent is very less.