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In our company advance is given to site employees to complete the site project on time. Ours is telecom industry(building Delta for various telecom company). Main issue we are facing that many employees are leaving job without serving notice period. And when they leave we found that, there are out-standings pending on employee’s account. In few cases outstanding amount we can’t even deduct from employee’s salary account, in any case if we deduct from employees salary/keep salary on hold company’s name get spoiled. So MD has asked to signed a bond from all site employees that they will clear the outstanding before leaving company. There are round about 200-300 employees who are eligible for new policy.
Want opinion of seniors, signing a bond from employees will solve the purpose. If employee not clear their outstanding compnay can sue case for cash?
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Hi,
These bonds do not serve any purpose. It is not illegal to hold the full and final settlments and relieving letter when the employee has outstanding in his name. What ever may be reasons for leaving, a responsible employee can not just abscond.
While offering for a new position you may indicate that a part of the salary will be set aside and will be payable only after a particualr period and when the employee is not havng any outstanding aginst him/ her.
Definitely the outstandings can be recovered by a legal action as well.
Kind regards
Dayanand L Guddin
Thanks Kokila,
Even we are holding employee's salary. But most of the time employee leave organisation after getting salary. And in telecom industry site engineer don't require experience/relieving letter.
In this case what to do?
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