Hi,
I want to take an opinion from you guys on the following for my friend. She has received an offer from an IT firm to join as a recruiter but mentions that she would need to sign a 2-year bond. In addition to signing the bond, she is also required to provide an undated check of Rs. 2.5 lakh as security along with the bond. If she decides to leave the company before completing 2 years, the check will be cashed; otherwise, it will be returned to her after the 2-year period.
I have heard previously that companies have employees sign bonds and ask for a payment if the employee leaves before 2 years. However, is it common in this industry to request a check in lieu of security? I mean, what is the purpose of the bond if they are also asking for a check? There is a concern that they might misuse it. So, what should she do? Any thoughts on whether she should provide the check or just sign the bond?
From India, Indore
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1I want to take an opinion from you guys on the following for my friend. She has received an offer from an IT firm to join as a recruiter but mentions that she would need to sign a 2-year bond. In addition to signing the bond, she is also required to provide an undated check of Rs. 2.5 lakh as security along with the bond. If she decides to leave the company before completing 2 years, the check will be cashed; otherwise, it will be returned to her after the 2-year period.
I have heard previously that companies have employees sign bonds and ask for a payment if the employee leaves before 2 years. However, is it common in this industry to request a check in lieu of security? I mean, what is the purpose of the bond if they are also asking for a check? There is a concern that they might misuse it. So, what should she do? Any thoughts on whether she should provide the check or just sign the bond?
From India, Indore
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Hi,
If the company is going to spend some amount on giving specific training after your friend joins, they are justified in asking for a service bond. However, asking for an undated cheque for 2.5 lacs is not justified at all! Please ask her to check the bonafides of the company before accepting the offer.
Regards,
Naresh Taneja
From India, Mumbai
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If the company is going to spend some amount on giving specific training after your friend joins, they are justified in asking for a service bond. However, asking for an undated cheque for 2.5 lacs is not justified at all! Please ask her to check the bonafides of the company before accepting the offer.
Regards,
Naresh Taneja
From India, Mumbai
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