whatever the matter may be...if you have signed a bond and in lieu of training..untill and unless the cost is recovered(which will be mentioned in the bond), the bond will be valid and in case you left the employer, they can sue you on that behalf(and believe me, decision will be against you in this case..)
if the current employer is not taking care of you then ask for the unnecessary leaves or do whatever they dont like...they will ask you to leave and you can be free from the bond with dual consant.
Thanks a ton for the time taken by you to read my post and to reply it.
My current employer has utilised my skills to the maximum extent (just imagine very few holiday, very few weely off, and more than 10-12 hours working). and coz of this comany has recovered the amount mentioned in the bond long back.
well I am not in the managerial cadre in thie company i am a service engineer.
Ruchi, the solution suggested by you sound good but mine field is very limited and its very small cirlcle, if i misbehave in this company or do any this kind of conduct, it would not be a wise decision.
But i had read somewher that one sided bond is not valild as per the labour law of india, is it true?
actually the company is quite small but still making very good profit even in this recession period but when it comes to profit sharing, its shared amongst the top management level and managerial cadre only. this is the major reason for frustration.
Most companies have their employees sign some kind of training agreement to retain the employees and if they decide to leave they start troubling them
Many companies send legal notice to employees but for court they need evidence like training fee details, training certificates , training venue etc which they cant even show
The in house training is not considered as cost involved training - few companies on the day one give some kind of training sessions like 'know your company', HR practice and blah blah blah
Do not worry and think your case stands nowhere - If they send any legal notice instead of giving money to them spend on some good lawyer