TITLE :-Service bond
Please advise me. When I joined my orgainisation there was no clause of bond now after 7 years my company to sign a bond or leave .My salary is not as per expectation and after signing bond I don't understand what will happen it stops my avenues for looking other jobs too.
My management is not ready for committing any thing on part of salary
penalty of breaking bond is one year salary
From India, Lucknow
Please advise me. When I joined my orgainisation there was no clause of bond now after 7 years my company to sign a bond or leave .My salary is not as per expectation and after signing bond I don't understand what will happen it stops my avenues for looking other jobs too.
My management is not ready for committing any thing on part of salary
penalty of breaking bond is one year salary
From India, Lucknow
Greetings,
A service bond is supposed to be a win-win situation for both , employee and employer . But then if it brings in a conservative view, I suggest you reconsider. An employer brings in a service / training bond to ensure availablity of the talent . It adds on to the stablity of an employee. But if it is not beneficial then please start looking out for a job . It will not be an easy senario for you , though the markest have opened , by hiring in mid level roles are yet to take up.
Hence if you can hold on , then give yourself an year's time. Stick with the job, but build your self through certifications so that you are good to get a better job, when you complete this agreement .
Wish you all the best.
Regards,
(Cite Contribution)
From India, Mumbai
1859A service bond is supposed to be a win-win situation for both , employee and employer . But then if it brings in a conservative view, I suggest you reconsider. An employer brings in a service / training bond to ensure availablity of the talent . It adds on to the stablity of an employee. But if it is not beneficial then please start looking out for a job . It will not be an easy senario for you , though the markest have opened , by hiring in mid level roles are yet to take up.
Hence if you can hold on , then give yourself an year's time. Stick with the job, but build your self through certifications so that you are good to get a better job, when you complete this agreement .
Wish you all the best.
Regards,
(Cite Contribution)
From India, Mumbai
Dear Ankit,
Your originals are with the employer. You need to get them back. Try and see how other employees retrieve it . The exit will not be possible, unless you get them first .
Find out the history to how the ex-emploeyes to this firm have managed an exit.
Paying off the bond amount would be high. Lets look into what are your options
From India, Mumbai
Your originals are with the employer. You need to get them back. Try and see how other employees retrieve it . The exit will not be possible, unless you get them first .
Find out the history to how the ex-emploeyes to this firm have managed an exit.
Paying off the bond amount would be high. Lets look into what are your options
From India, Mumbai
Mr. ManagerMani, in your query you said that you signed this service bond after 7 years of your service with a condition “Sign a Bond or Leave”, could you explain it further?
Actually your query containing many questions and it would be better to all of us if you make it clear, so that, you can get right and appropriate direction/suggestions from the community.
My few more questions to you:
-You said that there was no clause or condition like “Service Bond” earlier with applied employment conditions (with your appointment/employment letter at the joining time), so why this change been offered to you or should I say, forced you to come under Bond and obey?
-Is this condition of “Service Bond” applicable for you only?
-Hope there was nothing like your employer was planning to introduce you “Service Bond” conditions and you were not aware of the same, if yes than why you didn’t discussed /negotiated in regard to your compensation before signing it?
-As you are experienced, you could have better chances outside rather signing “Service Bond” or accepting it with your present employer, than why you not objected.
-is that your organization going through some Organizational internal changes or decided to make some changes with “Organization Policies”?
I basically want to know why these conditions introduced to you by your employer and what was situation that put you in this condition or the reasons behind it.
From India, Gurgaon
Actually your query containing many questions and it would be better to all of us if you make it clear, so that, you can get right and appropriate direction/suggestions from the community.
My few more questions to you:
-You said that there was no clause or condition like “Service Bond” earlier with applied employment conditions (with your appointment/employment letter at the joining time), so why this change been offered to you or should I say, forced you to come under Bond and obey?
-Is this condition of “Service Bond” applicable for you only?
-Hope there was nothing like your employer was planning to introduce you “Service Bond” conditions and you were not aware of the same, if yes than why you didn’t discussed /negotiated in regard to your compensation before signing it?
-As you are experienced, you could have better chances outside rather signing “Service Bond” or accepting it with your present employer, than why you not objected.
-is that your organization going through some Organizational internal changes or decided to make some changes with “Organization Policies”?
I basically want to know why these conditions introduced to you by your employer and what was situation that put you in this condition or the reasons behind it.
From India, Gurgaon
Mr Ankit,
As you have signed or agreed for “Service Bond” conditions for 2.5 years, you first need to understand that your exit that you are expecting or planning is not going to be very simple or too easily too.
Second, no matter your Original Certificates are with you or with them, the first thing you need to keep in your mind that you have to either obey the conditions or convince your employer to relieve you by using “PayOff” option or other.
Please share more about your Bond Conditions and response of your employers in this regard if any, so that, Community can give you appropriate and good suggestions/solutions of your problem.
Also please share your total work experience and education qualification.
From India, Gurgaon
As you have signed or agreed for “Service Bond” conditions for 2.5 years, you first need to understand that your exit that you are expecting or planning is not going to be very simple or too easily too.
Second, no matter your Original Certificates are with you or with them, the first thing you need to keep in your mind that you have to either obey the conditions or convince your employer to relieve you by using “PayOff” option or other.
Please share more about your Bond Conditions and response of your employers in this regard if any, so that, Community can give you appropriate and good suggestions/solutions of your problem.
Also please share your total work experience and education qualification.
From India, Gurgaon
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Employer suit for breaking service bond within 3 yrs - Delhi HC 5.9.2014.pdf