How does a company monitors its employees in IT sector ? Is there any software? Or any other methods?

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In my previous organisation there was a software pre-installed by the name hawk-eye which used to track history and idle time etc...

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Sapience, Prohance. Lots of tools pre-installed that do this

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Why do you think we should be monitored?

There are may companies that monitor employees are working or not. Because some employees dont work or have found the case of double employment.I just want to know are there some methods?

Yes most companies monitor employees use of work machines. Information that could be shared include websites browsed, chats done, etc. Keylogger software could be used to make out what all you have typed. Generally advisable to use work machines only for work purposes.

Keylogger is illegal to be used in regular work machines.

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By binoculars or sometimes they use periscope.

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