Thread Started by #maxdigi-hr

Hello all, I work as an HR in a software company. We are trying to introduce some kind of employment security for new employees joining us, but we are not keen on a bond. What could be the alternative to employment bonds? I have heard about companies taking cheques as a security;but i'm wondering if its legal in India. Kindly guide if there is any other way. Thanks
11th January 2019 From India
What you are planning take in written against Cheque received for what?
11th January 2019 From India, Pune
@Prashant, I meant I have heard companies taking cheques from employees while joining, and returning this after completion of said period. If the employee doesn't complete the said period with company, the company can encash the cheque.
11th January 2019 From India
Taking blank cheque as security is illegal and a kind of black mail technique.
Company can review its policies and make their organisation a nice place to work and retain employees.
11th January 2019 From India, Pune
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™