Asso.prof.(commerce & Management) Pg
Labour Law Advocate
18th March 2017 From India, Bangalore
Thank you for your reply.In appointment letter we clearly mention that ''this appointment is valid for 3 years and subject to renewal on mutual consent''.
So, do we need to reissue the letter after 3 years. Because many of our employees are raising this point , that they again need appointment letter. Kindly suggest me what should i do in this case.
18th March 2017 From India, Kolkata
What kind of bond have you singed? Bonds related for retaining employees for particular period of time is also illegal.
May be you should come with clear facts of the case in order to get better advice.
19th March 2017 From India, Kolkata
20th March 2017 From India, Bangalore
Bond, what is being discussed, appears to me as a contract of terms and conditions of employment including remuneration. Bond is entirely different. Contract is like settlement in case of workers. Normally appointment letter is issued in short that his employment commences from a particular date. The other terms and conditions of employment are in a separate document which is a contract which you are, perhaps, calling a bond. Like in case of workers, the 3 year wage agreement is re discussed and renewed, this contract is also renewed. Appointment letter remains valid until the employee separates from the company, in whatever way.
When an employee is offered some training in foreign country, or some such input is given, employer asks for a bond that after the training, the employee will serve for at least 2-3-5 years. This period is for once only. This is not renewed. This is bond, violation of which is penalized.
21st March 2017 From India, Pune