Hi Friends, Employers (Especially middle level orgn.) get contract or Bond signed from the new joinees(Freshers) for 2 or 3 years. Is this bond or Contract legal? Regards, Suresh
From India, Madras
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1From India, Madras
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Hi
Even I am interested in knowing so.i have recently recieved an offer but they are asking me to sign a bond.and i do not want to do so.though the offer seems good.I feel that if I sign the bond my growth would be stagnated,,,,,,Does this really happen.
From India, Calcutta
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Even I am interested in knowing so.i have recently recieved an offer but they are asking me to sign a bond.and i do not want to do so.though the offer seems good.I feel that if I sign the bond my growth would be stagnated,,,,,,Does this really happen.
From India, Calcutta
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Hi all
It is Bond, because their is no point for the company if it is just a clause or a say, I think if the encubent does not serve the bond period he is sent a legal notice or need to pay for the unserved period, this is what i have seen in many companies and even we do it, sometimes it could be the management discretion to relieve the person provided the issue is really serious and genuine.
Regards
Srilatha
From India, Hyderabad
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It is Bond, because their is no point for the company if it is just a clause or a say, I think if the encubent does not serve the bond period he is sent a legal notice or need to pay for the unserved period, this is what i have seen in many companies and even we do it, sometimes it could be the management discretion to relieve the person provided the issue is really serious and genuine.
Regards
Srilatha
From India, Hyderabad
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HI ALL, PLS go ahead and sign the bond ...No issues ..company can just recover the training cost etc ... :) Nothing else as per law ... Regds, Lakshminarayanan
From India, Mumbai
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From India, Mumbai
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Friends, If employee breaks the bond can employer file a case against that employee. Is this valid under law. If valid may i know under which law. Regards, Suresh
From India, Madras
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From India, Madras
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Hi All,
A bond does not hold any waters as per law and its illegal too.
as per bonded labour abolition act.
where as a contract, and its terms are mutually agreed by the parties and
in a contract a clause must be included for termination of contract by either party. only the training expenses can be recovered by the employee if an agreement has been signed to that effect.
the word BOND will invite only problems...
Rgds
Deepak :shock:
From India, Mumbai
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A bond does not hold any waters as per law and its illegal too.
as per bonded labour abolition act.
where as a contract, and its terms are mutually agreed by the parties and
in a contract a clause must be included for termination of contract by either party. only the training expenses can be recovered by the employee if an agreement has been signed to that effect.
the word BOND will invite only problems...
Rgds
Deepak :shock:
From India, Mumbai
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(Fact Checked)-The user's reply is mostly correct. However, it would be beneficial to clarify that while bonds are generally not legal, some countries may have specific regulations regarding training cost recovery. Overall, the response provides good insights on contracts and bonds. (1 Acknowledge point)
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It is a dicey situation. Legally as rightly said by our colleagues that only Training costs can be recovered. But what actually happens.
Most of the Companies put trainees on the job after some initial induction. Very few actually have structured Training programmes. So the Companies which put trainees on the job can only recover initial costs of induction. But when they go to court, they claim that individual was attached to so and so, no work was being taken from him and so and so used to spend at least one hour every day to train the trainee. This way they add up the costs which includes the stipend also.
Companies have lot of resources with them to fight their case whereas individual lacks resources. Ultimately Courts rule that costs have to be paid back in instalments.
So final result generally is that if Company decides to go to Court, individual is forced to pay back money as per the terms of the bond but in instalments.
KKT
From India, Delhi
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Most of the Companies put trainees on the job after some initial induction. Very few actually have structured Training programmes. So the Companies which put trainees on the job can only recover initial costs of induction. But when they go to court, they claim that individual was attached to so and so, no work was being taken from him and so and so used to spend at least one hour every day to train the trainee. This way they add up the costs which includes the stipend also.
Companies have lot of resources with them to fight their case whereas individual lacks resources. Ultimately Courts rule that costs have to be paid back in instalments.
So final result generally is that if Company decides to go to Court, individual is forced to pay back money as per the terms of the bond but in instalments.
KKT
From India, Delhi
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I agree with what Krishan says' it s ultimately the company which is going to be the upperhand, if the terms and policies are not followed as disclosed. Regards Srilatha
From India, Hyderabad
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From India, Hyderabad
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good one
i have also signed bond for 18 monthes when i went to foreign for one month. I served almost 14 monthes, i not resigned, i was absent for 15 days without written information, they send me letter to resume service on one date. I went to rejoin on that said date, they were not ready to rejoin me , asking money of bond, or againg three year bond, i refused, i came back. They continue to send advisory letter, after all in last letter after two months, they declearded my self abandoned service letter, and ask to settle from acooiunts. Till now i not resigned.
Now they have created Fraud resignation lettre, with refernce that fraud letter are claimimng bond amount to return by Advocate notice.
Even after fraud dated resignation letter, i have advisory letter of companies after that dated.,
What they can do legally?
Is it valid?
From India, Pune
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i have also signed bond for 18 monthes when i went to foreign for one month. I served almost 14 monthes, i not resigned, i was absent for 15 days without written information, they send me letter to resume service on one date. I went to rejoin on that said date, they were not ready to rejoin me , asking money of bond, or againg three year bond, i refused, i came back. They continue to send advisory letter, after all in last letter after two months, they declearded my self abandoned service letter, and ask to settle from acooiunts. Till now i not resigned.
Now they have created Fraud resignation lettre, with refernce that fraud letter are claimimng bond amount to return by Advocate notice.
Even after fraud dated resignation letter, i have advisory letter of companies after that dated.,
What they can do legally?
Is it valid?
From India, Pune
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(Fact Checked)-The situation described raises concerns about the legality of the bond and the employer's actions. Legal actions like creating a fraudulent resignation letter can have serious consequences. Seek legal counsel for guidance. (1 Acknowledge point)
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I was working in one of the IT companies, Newway IT company, as a software developer. They forced me to sign a service bond for 2 years. After 3-4 months, because of unhealthy working conditions, they have not given me a copy of the bond. In the appointment letter, it was stated that I am in a probation period of 6 months. Now, they are sending a legal notice and harassing me since I have broken the bond; I am supposed to pay them Rs 2,00,000. They have not provided me with any training since I was experienced. Also, I have submitted my resignation and completed the handover. After leaving that company, I have not joined any other company. I am still unemployed.
Do they really have the right to go to court? There was no overseas training, only induction for a few hours that was not related to my work profile. I have also sent a resignation email and completed the handover.
From India, Mumbai
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Do they really have the right to go to court? There was no overseas training, only induction for a few hours that was not related to my work profile. I have also sent a resignation email and completed the handover.
From India, Mumbai
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(Fact Checked)-The employer cannot enforce a service bond if no training was provided. You are not liable to pay any amount in this scenario. Seek legal advice. (1 Acknowledge point)
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(Fact Checked)-The employer can take legal action if an employee violates a bond. Enforcement depends on the terms of the bond and relevant laws. (1 Acknowledge point)