- Pdf Download - Company Bond - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Then tell them now and ask them if you can join at a later date or what to do. If they want you badly, they will advise you or even agree to pay the compensation.
That's for you to decide. If they will let you join without a relieving letter, then go ahead. But be prepared for the previous employer sending you a lawyer notice, even though they may lose the case in a court. Consult a lawyer before you take any action.
Dear Sridhar,
Talk to your would be employer about the situation. There will not be any issue in recovering your certificates deposited with your present employer. Strictly speaking, there is no legal sanding for such bond. The would be employer may not agree to the proposition, because all the It firms face such situation.
Regards
Sebastian K s

Hi Sebastian K, Do u mean the would be employer doesn’t agree with purpose of my joining with out relieving.How can i bring a positive impact about me thanks sridhar.
I have no other points to make than what have been put by Mallik and Simhan.It is a matter of bad HR culture which prevents one from joining another company. Every one (including the one who makes an employment Bond) knows that bond is invalid and compelling an employee to stay or restricting an employee from joining a competitor is illegal, but still the HR is forced to make such rules.

In a similar case with one of my friends, I had advised him to get a bond from the employer stating that if the employer terminates his service (which often happens with IT companies or companies which entirely depends on the money of other countries- as is called the MNC- when a bomb is exploded or a small bank is wound up in the US or UK!) he should also be given the same bond amount, and the employee did so, but instead of giving an undertaking that he would not be terminated he was relieved without any condition.

Therefore, in such situations, it is the bargaining or the interference of a mediator/ conciliator that works rather than the logic. Therefore, find out some body who can talk to the HR or person who is to take the final decision and proceed. It is the human values which are more important in the present time HR and it is claimed that present HR is some thing which is great and is entirely different and very vibrant and is not the same old Personnel Management. But I have noticed no change except a change in the name or title though the values have come down drastically and the human exploitation has become more and more significant.

Madhu.T.K

Thank you Madhu for confirming what we have said. Now, Sridhar can be rest assured that he can get someone to mediate and get released without any hassle.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™