One sided bonds are illegal. Having said that, the company can't take a blank cheque; it's the applicant that gives.
Please click on the links at the sidebar on the right. This topic has been adequately covered in those threads.
From United Kingdom
please this one is an unilateral contract (one sided) and given under 'nfluence' to fulfil the need of employement where the employer has not contributed any thing towards achieving the skills, knowledge and experience hence void ab initio. Do not worry. For safe guard give instruction to your bank not to honour the cheque if presented.
Unless more and more employees refuse to be cowed-down by such unjustified and illegal demands of the employers: such practices will continue.
Its surprising to see well-qualified persons in IT industry bowing to such ungainly tactics. such practices should be stopped forthwith and it needs co-operation from HR professionals and prospective employees.
From India, Delhi
If you are knowledgeable about any other fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.