Hi,
Please tell me how are appointment letters diff from bonds...what things should be mentioned in a bond and in an appointment letter.
I need to remake our company's appointment letter and have to make an employee bond as well.
Looking forward for quick help...
Thanks
GS
From India, New Delhi
39Please tell me how are appointment letters diff from bonds...what things should be mentioned in a bond and in an appointment letter.
I need to remake our company's appointment letter and have to make an employee bond as well.
Looking forward for quick help...
Thanks
GS
From India, New Delhi
Dear ,
Appointment letter is a offer of appointment given by the Company to candiadte based on certain terms & conditions which specifically mention his posting detail,designation,pay scale,training period,probation period,notice period in case of resignation etc.
Whereas in case of bond it is a service agreement in which a company make agreement with the candiadte to seve for a minimum period in case of leaving the organisation without serving the minimum specified period in the bond then candiadte has to return the bond amount.
Thus appointment letter is terms & coditions of a work being offered to candidate whereas bond is a "retention strategy" for a particular period.
thanks
G.Sanju
From India, Bangalore
Appointment letter is a offer of appointment given by the Company to candiadte based on certain terms & conditions which specifically mention his posting detail,designation,pay scale,training period,probation period,notice period in case of resignation etc.
Whereas in case of bond it is a service agreement in which a company make agreement with the candiadte to seve for a minimum period in case of leaving the organisation without serving the minimum specified period in the bond then candiadte has to return the bond amount.
Thus appointment letter is terms & coditions of a work being offered to candidate whereas bond is a "retention strategy" for a particular period.
thanks
G.Sanju
From India, Bangalore
Hi,
In our company we were asked to sign on the appointment letter and it has a mention that we would have to adhere to terms and conditions mentioned in a separate Rules and Regulations Manual (which they state could change from time to time).
In the Rules and Regulations Manual, the terms of the bond have been mentioned. We have not signed on any separate bond as such. Do we still have to adhere to bond terms mentioned in the R & R.
Regards,
Rajmathi S.
From India, Mumbai
In our company we were asked to sign on the appointment letter and it has a mention that we would have to adhere to terms and conditions mentioned in a separate Rules and Regulations Manual (which they state could change from time to time).
In the Rules and Regulations Manual, the terms of the bond have been mentioned. We have not signed on any separate bond as such. Do we still have to adhere to bond terms mentioned in the R & R.
Regards,
Rajmathi S.
From India, Mumbai
As per my knowledge, in India we have a Right to Employment wherein we can take up employment of our own choice and no one can refrain us from doing so and hence bond is considered invalid.... but there is one exception which says if the employer has incurred substantial training expenses for training the employee then the employer can refrain the employee from taking employment elsewhere.
Thanks & Regards,
Kavita Amol Kapse
From India, Bangalore
Thanks & Regards,
Kavita Amol Kapse
From India, Bangalore
Hi Gunjan,
There are two distinct clauses that separates an appointment letter from a bond: They are
1. Bonds are appointments given to employees for a fixed period of time such as 6 months , 1 year, 2 years etc which automatically comes to an end with the efflux of that specified time.
2. Normally bonds have a restrictive clause which prevents the employee to leave the company before the end of the said period otherwise the employee have to pay an amount as compensation as stated in the appointment letter.
Regards
From India, New Delhi
There are two distinct clauses that separates an appointment letter from a bond: They are
1. Bonds are appointments given to employees for a fixed period of time such as 6 months , 1 year, 2 years etc which automatically comes to an end with the efflux of that specified time.
2. Normally bonds have a restrictive clause which prevents the employee to leave the company before the end of the said period otherwise the employee have to pay an amount as compensation as stated in the appointment letter.
Regards
From India, New Delhi
Dear Gunjan.
Appointment Letter is an Official Document which mentioned all terms and conditions and information about Location ( Place of Posting ) , CTC Component , Eligibilites as per Designation . Few company make appointment letter with Bond Agreement Like "which states that the candidate is in bond for 3 years and in this three years a small amount of his salary would be kept with the company which shall be reimbursed after his bond period. "
Bond is agreement between employee and Management and breaching or Breaking bond gives rise to a civil action and no criminal offence is attracted.
From India, Lucknow
Appointment Letter is an Official Document which mentioned all terms and conditions and information about Location ( Place of Posting ) , CTC Component , Eligibilites as per Designation . Few company make appointment letter with Bond Agreement Like "which states that the candidate is in bond for 3 years and in this three years a small amount of his salary would be kept with the company which shall be reimbursed after his bond period. "
Bond is agreement between employee and Management and breaching or Breaking bond gives rise to a civil action and no criminal offence is attracted.
From India, Lucknow
DEAR ALL THANKS FOR INFORMATION & I SAW EVERY PERSON HAS GIVE A NEW DEFINATION
bond is a fixed interest financial asset issued by governments, companies, banks, public utilities and other large entities. Bonds pay the bearer a fixed amount a specified end date. A discount bond pays the bearer only at the ending date, while a coupon bond pays the bearer a fixed amount over a specified interval (month, year, etc.) as well as paying a fixed amount at the end date.
Appointment letter is a offer of appointment given by the Company to candiadte based on certain terms & conditions which specifically mention his posting detail,designation,pay scale,training period,probation period,notice period in case of resignation etc.
THANKS,
Hari Krishan Bains
From India, Delhi
bond is a fixed interest financial asset issued by governments, companies, banks, public utilities and other large entities. Bonds pay the bearer a fixed amount a specified end date. A discount bond pays the bearer only at the ending date, while a coupon bond pays the bearer a fixed amount over a specified interval (month, year, etc.) as well as paying a fixed amount at the end date.
Appointment letter is a offer of appointment given by the Company to candiadte based on certain terms & conditions which specifically mention his posting detail,designation,pay scale,training period,probation period,notice period in case of resignation etc.
THANKS,
Hari Krishan Bains
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Appointment letter-format.d oc