Hello friends,
I am working as an HR Manager in an organization where the attrition rate is very high. As suggested by management, to control the attrition, we need to implement a 2-year employment bond policy for new employees. Kindly help me out with the legal guidelines and the process to get the bond signed by newly joined employees for 2 years. Also, what is the process if employees breach the bond? Please assist me in setting the procedure and preparing the necessary documents.
Thank you.
From United States, Cambridge
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I am working as an HR Manager in an organization where the attrition rate is very high. As suggested by management, to control the attrition, we need to implement a 2-year employment bond policy for new employees. Kindly help me out with the legal guidelines and the process to get the bond signed by newly joined employees for 2 years. Also, what is the process if employees breach the bond? Please assist me in setting the procedure and preparing the necessary documents.
Thank you.
From United States, Cambridge
Acknowledge(0)Amend(0)
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Legal Clarification on Negative Covenants in Employment Agreements.pdf