How to say no to company A in which I signed a bond of a very huge amount through a cheque and now I have an opportunity in company B, which offers 80% more salary than company A. I have one month's time to join company A, in which I signed the bond. Can anyone tell me how to say no to company A?
From India, Ahmedabad
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1From India, Ahmedabad
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The legality of employment bonds in India depends on the terms and conditions of the bond and the value of the efforts invested by the employer to train the employee. Therefore, unless the bond details are disclosed, it will not be possible to give an answer.
From India, Salem
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From India, Salem
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A bond cannot be restricted beyond limits. If your company provides you with special training incurring expenses, in such cases, a minimum period can be specified for the employee to work and add value. Beyond that, the mobility of labor cannot be blocked. As learned member Umakanthan has mentioned, provide specific details of the training bond and employment conditions to receive suitable answers.
From India, Pune
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From India, Pune
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Thanks for replying. I would like to inform you that in my bond, they mentioned that the bond will start after joining. Therefore, I would like to ask you if they can withdraw money or sue me in court if I leave the job before joining.
From India, Ahmedabad
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From India, Ahmedabad
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So many replies on a half recipe query?? It has not yet been mentioned for how many months the person has been working with Company A and when the probation period would end. The bond query arises when the employment terms are violated after the training/probation period and partially since the joining date. Let the person post the full details first.
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Dear colleague,
It appears you have accepted an offer of employment with a condition of bond, which applies only after you have joined. You have stated that you have not joined yet. So legally, you have not become an 'employee' yet. Since you have received another lucrative job offer, you intend to decline the first offer. I don't see any legal hassle if you decline, though it will certainly cause inconvenience to company A and reflect poorly on your approach.
Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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It appears you have accepted an offer of employment with a condition of bond, which applies only after you have joined. You have stated that you have not joined yet. So legally, you have not become an 'employee' yet. Since you have received another lucrative job offer, you intend to decline the first offer. I don't see any legal hassle if you decline, though it will certainly cause inconvenience to company A and reflect poorly on your approach.
Regards,
Vinayak Nagarkar
HR and Employee Relations Consultant
From India, Mumbai
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Thanks for replying. I would like to inform you that in my bond, they mentioned that the bond will start after joining. So, I would like to ask if they can withdraw money or sue me in court if I leave the job before joining.
Yesterday From India, Ahmedabad
Thanks for replying. I would like to tell you that in my bond, they mentioned that the bond will start after joining. So, I would like to ask if they can withdraw money or sue me in court if I leave the job before joining.
Yesterday From India, Ahmedabad
Yar, what a foolish and rubbish question you ask. If there is a mention that the condition applies when you join, if you do not join, all legality of the company is null and void. Who dares to punish or penalize you if you do not join the company?
From India, Delhi
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Yesterday From India, Ahmedabad
Thanks for replying. I would like to tell you that in my bond, they mentioned that the bond will start after joining. So, I would like to ask if they can withdraw money or sue me in court if I leave the job before joining.
Yesterday From India, Ahmedabad
Yar, what a foolish and rubbish question you ask. If there is a mention that the condition applies when you join, if you do not join, all legality of the company is null and void. Who dares to punish or penalize you if you do not join the company?
From India, Delhi
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