Dear Sir / Madam,
I have entered in service bond with Company and the bond was on Rs. 100 NON JUDICIAL stamp paper. Condition is to serve the company for 2 years otherwise Rs. 2.00 Lac penalty. While appointing the company didnot give me salary increase saying that it cannot be adjusted with branch salary strucutre. Keeping faith I joined the company. Secondly, company didnot give me any technical training. Besides this, the employess joined after me in other division in same branch got almost 30% salary hike than me. The new employees were less experienced and less educated than me. I resigned after 13 months of service. I served complete notice period and submitted all company property safely to company. But company held all my dues and asking me to pay the bond amount. After follow up with top people at company, HR gave me relieving letter but still dues are not paid. This is going on since 6 months. What should I do to recover my dues from Company ? Appointment letter doesnot say single word about Bond. Please advice.
From India, Pune
I have entered in service bond with Company and the bond was on Rs. 100 NON JUDICIAL stamp paper. Condition is to serve the company for 2 years otherwise Rs. 2.00 Lac penalty. While appointing the company didnot give me salary increase saying that it cannot be adjusted with branch salary strucutre. Keeping faith I joined the company. Secondly, company didnot give me any technical training. Besides this, the employess joined after me in other division in same branch got almost 30% salary hike than me. The new employees were less experienced and less educated than me. I resigned after 13 months of service. I served complete notice period and submitted all company property safely to company. But company held all my dues and asking me to pay the bond amount. After follow up with top people at company, HR gave me relieving letter but still dues are not paid. This is going on since 6 months. What should I do to recover my dues from Company ? Appointment letter doesnot say single word about Bond. Please advice.
From India, Pune
Employment Bond is illegal and the company can not do anything with it. Regarding full and final settlement, what all amounts other than last month's salary are pending from the company is not clear from the post. If the amount due is negligible, you can even drop it since you have got your certificate and relieving order. For settlement of PF accumulations do not bother to reach the company HR; you can draw it otherwise also. However, if the amount is such that can not be written off easily, then you can keep on asking for the same saying that you are formally relieved and the question of bond does not arise at all.
Regards,
Madhu.T.K
From India, Kannur
4242Regards,
Madhu.T.K
From India, Kannur
Dear Madhu. T.K.,
Thank you very much. Company has not paid my last month's salary + Bonus + Leave encashment + Tour expenses. Total amt. is Rs. 52000/-. Will continuous requests will help in getting my dues ? or shall I have to take the matter up upto CMD level ?
Regards.
Sunil
From India, Pune
Thank you very much. Company has not paid my last month's salary + Bonus + Leave encashment + Tour expenses. Total amt. is Rs. 52000/-. Will continuous requests will help in getting my dues ? or shall I have to take the matter up upto CMD level ?
Regards.
Sunil
From India, Pune
Dear Sir/Madam
Can anybody advice me
I am kenny and i was working in a company for 3 months and had taken a leave for 2 to 3 days for some personal reasons, one of ma trainer had called me and said that there is replacement for me, from the next day i dint go to the office and i dint inform to any of ma managers and dint receive their calls too.i have even signed on a company document that i will work for 6 months. After a year l received some alert letters stating that i need to give proper explanation. i dint reply for that too.. now i have received a letter stating that i need to pay 75000 for my training expenses incurred. my questions are: 1) do i need to pay that amount 2) i am registered under NSR. will i be able to get job in any other company which is registered under NSR..... I did a mistake not replying next day but later i was scared and i dint reply.
From India, Bangalore
Can anybody advice me
I am kenny and i was working in a company for 3 months and had taken a leave for 2 to 3 days for some personal reasons, one of ma trainer had called me and said that there is replacement for me, from the next day i dint go to the office and i dint inform to any of ma managers and dint receive their calls too.i have even signed on a company document that i will work for 6 months. After a year l received some alert letters stating that i need to give proper explanation. i dint reply for that too.. now i have received a letter stating that i need to pay 75000 for my training expenses incurred. my questions are: 1) do i need to pay that amount 2) i am registered under NSR. will i be able to get job in any other company which is registered under NSR..... I did a mistake not replying next day but later i was scared and i dint reply.
From India, Bangalore
Dear Sir/ Madam,
I m new to this site....came here in search of one question, related to this topic. Please help me out.
Can any company ask the employee to sign a bond few months after his recruitment when this was not informed during recruitment.
What can be the maximum limit that the employee has to pay if he break the bond?...can this amount be above his annual salary?
Can any company ask the employee to sign a contract that he/she will not join any of his competetors or companies in the same product line, when he/she will leave the company?...is it feasble...for an example if a person is specialized as Trainer in BPO process then obviously he/she will join any other BPO as a trainer only and cannot go in anyother sector or anyother field.
From India, Delhi
I m new to this site....came here in search of one question, related to this topic. Please help me out.
Can any company ask the employee to sign a bond few months after his recruitment when this was not informed during recruitment.
What can be the maximum limit that the employee has to pay if he break the bond?...can this amount be above his annual salary?
Can any company ask the employee to sign a contract that he/she will not join any of his competetors or companies in the same product line, when he/she will leave the company?...is it feasble...for an example if a person is specialized as Trainer in BPO process then obviously he/she will join any other BPO as a trainer only and cannot go in anyother sector or anyother field.
From India, Delhi
Sunil, please have continuous talk with the Chiefs until your payment is settled.
Noopur,
As already stated when bond itself is illegal there is no question of when it is signed.
If there is a condition of service, the maximum amount recoverable from the employee is the training costs incurred by the employer in respect of that employee.
Just like bond, an agreement preventing the employee from joining a competitor is also illegal. Every one has right to work with any employer of his like.
Regards,
Madhu.T.K
From India, Kannur
Noopur,
As already stated when bond itself is illegal there is no question of when it is signed.
If there is a condition of service, the maximum amount recoverable from the employee is the training costs incurred by the employer in respect of that employee.
Just like bond, an agreement preventing the employee from joining a competitor is also illegal. Every one has right to work with any employer of his like.
Regards,
Madhu.T.K
From India, Kannur
Thank you very much Mr. Madhu. You really boosted my confidence. I will keep posting the development in recovering my dues. Will start from 2morrow. Thanks again.
From India, Pune
From India, Pune
Thank you Madhu ji...... I have studied this..but just wanted to confirm from Senior like you before speaking this in front of Managers of the Company.
From India, Delhi
From India, Delhi
Dear noopur,
from your post it seems that you are referring to non disclosure agreement between employee and employer. in this employer do ask employee not to reveal confidential info/know how to third party/outsider/competitor even after leaving the organisation. but it does not say that you cannot join competitor or in same sector.
seniors pls correct me if i am wrong.
regards,
nishu
From India, New Delhi
from your post it seems that you are referring to non disclosure agreement between employee and employer. in this employer do ask employee not to reveal confidential info/know how to third party/outsider/competitor even after leaving the organisation. but it does not say that you cannot join competitor or in same sector.
seniors pls correct me if i am wrong.
regards,
nishu
From India, New Delhi
Nishu,
Yes thats right....the contract that speaks about the confidentiality & conflict of Interest is fine but the contract that says you cannot join competetors or the companies in same process line that then processes like headhunting etc. will have no meaning...
:-)
I guess every1 here would be more experience than me...so I used the word Seniors :-)
From India, Delhi
Yes thats right....the contract that speaks about the confidentiality & conflict of Interest is fine but the contract that says you cannot join competetors or the companies in same process line that then processes like headhunting etc. will have no meaning...
:-)
I guess every1 here would be more experience than me...so I used the word Seniors :-)
From India, Delhi
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