Taking a bond from the candidates is not ethical as I feel. But I am working as HR in my company holding 2years bond.
When I was looking for a HR job, I was fed up as there were very limited jobs available for HR and most of the comapanies prefer females for this position, I dont why?
When I was desperate for a good HR post, I got a new company where the employer asked me to give a bond for 2years. I can quote the reasons for this from both perspectives.
Employer perspective : As he provides training for some period, he expects his employee to be with him for some period.
For some jobs continuity of operations is required, one cant leave the company in the middle as it effects the efficiency of operations.
Employee Perspective :As there are no other best options available, go with the company's bond.
But there are some employers who just want to hold employees as if the employee has been bought for some worth and make them work like a donkey(as he cannot leave the company in bond period). They want to save some money on employees by paying less salary in this bond period.
Such employers should not be left without screwing.
From Pakistan, Karachi
5When I was looking for a HR job, I was fed up as there were very limited jobs available for HR and most of the comapanies prefer females for this position, I dont why?
When I was desperate for a good HR post, I got a new company where the employer asked me to give a bond for 2years. I can quote the reasons for this from both perspectives.
Employer perspective : As he provides training for some period, he expects his employee to be with him for some period.
For some jobs continuity of operations is required, one cant leave the company in the middle as it effects the efficiency of operations.
Employee Perspective :As there are no other best options available, go with the company's bond.
But there are some employers who just want to hold employees as if the employee has been bought for some worth and make them work like a donkey(as he cannot leave the company in bond period). They want to save some money on employees by paying less salary in this bond period.
Such employers should not be left without screwing.
From Pakistan, Karachi
A employment bond is unnecessary!
A training bond is necessary especially when the training being allocated is something which is above the regular on-the-job stuff whereby both the employer and employee will benefit from this re-skilling process. (stating the obvious, right? :lol: ).
I would like to mention here that one must CAREFULLY cost the training, ensure that housing/lodging where applicable, trainer fees, etc are included in the cost of the bond amount. This means that if a employee is asked to sign a training bond of Rs. 1 Lakh, then, one must ensure that the gap between the cost of training v/s cost of bond should not be very huge so as to create dissatisfaction.
Above all, transparency in this policy and well as transparency in dealings both internally and externally will surely help in retaining employees. For more on the topic of Transparency, check the book "Maverick" by Ricardo Semmler.
From India, Mumbai
A training bond is necessary especially when the training being allocated is something which is above the regular on-the-job stuff whereby both the employer and employee will benefit from this re-skilling process. (stating the obvious, right? :lol: ).
I would like to mention here that one must CAREFULLY cost the training, ensure that housing/lodging where applicable, trainer fees, etc are included in the cost of the bond amount. This means that if a employee is asked to sign a training bond of Rs. 1 Lakh, then, one must ensure that the gap between the cost of training v/s cost of bond should not be very huge so as to create dissatisfaction.
Above all, transparency in this policy and well as transparency in dealings both internally and externally will surely help in retaining employees. For more on the topic of Transparency, check the book "Maverick" by Ricardo Semmler.
From India, Mumbai
I agree and i personally believe that signing a bond for training purpose is ok but signing a bond while recruiting is a direct veto on right to livelihood. The only point i want to further know is ethical or unethical but if a company decides to go for bond system while recruiting, does it attract any legal implications?
Rolly
From India, New Delhi
Rolly
From India, New Delhi
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