Dear HR friends,
I need your suggestion to help one of my friend who is a mechanical engineer working for an engineering company. His company is planning to send him abroad for one week on a condition that he has to sign a 3 year bond for not quitting. If he resigns within 3 years, he has to pay Rs 3 lakhs to the company. Now he is in a dilemma. The company is not giving any guarantee on increment during the 3 years. Also his current salary is not good and he cannot stay in this company for 3 more years. Since he doesn't have an alternate job, he is forced to accept the bond. In my view his company is playing this trick to retain people. Need your suggestions on how to tackle this situation. he is having one more week time to decide on this.
Regards - Ramesh
From Singapore, Singapore
5I need your suggestion to help one of my friend who is a mechanical engineer working for an engineering company. His company is planning to send him abroad for one week on a condition that he has to sign a 3 year bond for not quitting. If he resigns within 3 years, he has to pay Rs 3 lakhs to the company. Now he is in a dilemma. The company is not giving any guarantee on increment during the 3 years. Also his current salary is not good and he cannot stay in this company for 3 more years. Since he doesn't have an alternate job, he is forced to accept the bond. In my view his company is playing this trick to retain people. Need your suggestions on how to tackle this situation. he is having one more week time to decide on this.
Regards - Ramesh
From Singapore, Singapore
Hi Ramesh,
Very simple, He has to sign a bond only if he agrees to go right... So better tell the management that he is not interested in any foreign tours.They would look out for some other option..
Hope this helps.
Regards,
Kumar M
From India
Very simple, He has to sign a bond only if he agrees to go right... So better tell the management that he is not interested in any foreign tours.They would look out for some other option..
Hope this helps.
Regards,
Kumar M
From India
Hiee...
If you want to really fight it out..here's the flick...
I know its bit of risk but here it is...
One of my friend has tried and succeeded also...
the bond is of three years...but if in case in the bond the company has not mentioned that it has to be payed by so and so date...u can do away with it...pay one rupee each day....
Vinod Vijapur
From India, Mumbai
If you want to really fight it out..here's the flick...
I know its bit of risk but here it is...
One of my friend has tried and succeeded also...
the bond is of three years...but if in case in the bond the company has not mentioned that it has to be payed by so and so date...u can do away with it...pay one rupee each day....
Vinod Vijapur
From India, Mumbai
Hi all,
Thanks for the suggestions. Sorry i did not tell you about 2 more points
1) If he rejects this offer, management may treat him badly because he is giving an indirect hint that he is not going to stay there for long.
2) In case if he breaks the bond his company may not give his salaray & other dues or may not approve his PF request etc..
Sorry I am making it more complex. But I know CiteHR team is capable of providing a solid solution
Regards- Ramesh
From Singapore, Singapore
Thanks for the suggestions. Sorry i did not tell you about 2 more points
1) If he rejects this offer, management may treat him badly because he is giving an indirect hint that he is not going to stay there for long.
2) In case if he breaks the bond his company may not give his salaray & other dues or may not approve his PF request etc..
Sorry I am making it more complex. But I know CiteHR team is capable of providing a solid solution
Regards- Ramesh
From Singapore, Singapore
Dear Mr Ramesh,
Greetings!
Regarding PF, Company cannot hold his account. If the employee have his PF number, he can transfer his account when he go to new company.
Better ask ur friend not to sign a bond rather than he can work in a bad situation and useless company and side by ask him to search for a good job.
Rgds,
John N
From India, Madras
Greetings!
Regarding PF, Company cannot hold his account. If the employee have his PF number, he can transfer his account when he go to new company.
Better ask ur friend not to sign a bond rather than he can work in a bad situation and useless company and side by ask him to search for a good job.
Rgds,
John N
From India, Madras
according to me ur friend should not accept this offer... its too risky toaccept.. if in future he desperatly wants to chnage his job then wat?.. wat wil he do?... paying one rupee a day as one of my friend suggested but thats not gonna work always right...
the most imp thing for ur friend is to enjoy the work that he is doin...
he should find out what he is passionate bout and then find someone to pay for it!
thats what i believe...
these contracts and bonds have a very 'not feel good' factor attached to them....
good luck to ur friend!
cheers!
Shraddha
From India, Bangalore
the most imp thing for ur friend is to enjoy the work that he is doin...
he should find out what he is passionate bout and then find someone to pay for it!
thats what i believe...
these contracts and bonds have a very 'not feel good' factor attached to them....
good luck to ur friend!
cheers!
Shraddha
From India, Bangalore
Hi,
As one of our friend told, he/she should not accpet the abroad training. Better he can stay in a bad situtation for a certain period hope by that time he will get a good change then he can go for that right.
I can understand practically it is difficult by to some extent we have to manage.
Cheers!!!
sivaranjani sriram
From India, Madras
As one of our friend told, he/she should not accpet the abroad training. Better he can stay in a bad situtation for a certain period hope by that time he will get a good change then he can go for that right.
I can understand practically it is difficult by to some extent we have to manage.
Cheers!!!
sivaranjani sriram
From India, Madras
hi,
I think he should clear the terms and condition with the company, if he does not left the company for 3 years, whether company will pay him 3lacs. Many company are following this procedure.
Byeeeeeeeee
From India, Mumbai
I think he should clear the terms and condition with the company, if he does not left the company for 3 years, whether company will pay him 3lacs. Many company are following this procedure.
Byeeeeeeeee
From India, Mumbai
Hi PR,
I read the replies to your mail. Nobody seems to be worrying about the value addition that foreign training is bound to bring to the individual primarily and later for the company.
The extension of contract is quite natural if the benefits that arise out of this training cannot be immediately quantified.
It is advisable to opt for the training after negotiating with the management either in terms of salary increase or reduction of time period.
Regards,
Harikeyel
From India, Thiruvananthapuram
I read the replies to your mail. Nobody seems to be worrying about the value addition that foreign training is bound to bring to the individual primarily and later for the company.
The extension of contract is quite natural if the benefits that arise out of this training cannot be immediately quantified.
It is advisable to opt for the training after negotiating with the management either in terms of salary increase or reduction of time period.
Regards,
Harikeyel
From India, Thiruvananthapuram
If in case your friend is being forced to sign the bond, he can ask for time to get the bond studied by his lawyer before signing.
If the company readily agrees, the risk would be lesser. And if the company is reluctant to agree, then your friend will have a better standing when he refuses to sign the bond.
Regards
Ryan
From India, Mumbai
If the company readily agrees, the risk would be lesser. And if the company is reluctant to agree, then your friend will have a better standing when he refuses to sign the bond.
Regards
Ryan
From India, Mumbai
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