in principle the constitution protects the freedom of the citizens, hence taking a written bond to work for certain years with bond money deduction is normally opined to be a weak illegal practice, which however is being practiced with a hope to gain stability of employees nowadays under the pretext of training costs which is valid only for very special training imparted on a specific technology transfer to occur/training abroad; but yet employees do abscond not caring for the security deposit or bond money as much better opportunities are availabe compared to the oppresssive practice.
from human relations point of view a healthy culture is to inculcate a culture and a corporate image where employees/people would feel proud to associate with the organisation and the value system inspires them to be ethical and protect the promises made mutually on moral grounds with mutual respect without damaging the projects in progress and transferring the knowledge to the would be successor effectively, and the employer too respects the employees right to growth and does not commercially pressurise him to continue longer except to quickly give proper charge and conclude the assignment suitable to enable take it further - no point in bonding a person beyond his willingness through a commercial document without the heart there daily chasing absconding employees leaving a bad taste among the existing employees watching the show - we need to cultivate and build inspiring institutions with superordinate values and a shared vision which one would opt to live with meaningfully - TATAS/INFOSYS etc.
hope this brings in the hrd/od point of view apart from the legalities involved which are anyway bad in jurisprudence where the law protects the weaker section and promotes the spirit of freedom of the citizens. bond/engage the employees emotionally creating meaning for them rather than through a lego/commercial document presumed to harass in the future in an eventuality, which is most likely to occur in a market forced dynamic globalised economy with global opportunities.
regards/kshantaram
