Hello friends, I am working as HR Manager in an organization where attrition rate is very high.
As suggested by management, to control the attrition we need to implement 2 years employment bond policy for new employees. Kindly help me out on this as what should be the legal guidelines and what should be the process to get the bond signed by newly joined for 2 years.
Also what is the process if the employees breach the bond. Please help me into this to set the procedure also to prepare the documents too.

From United States, Cambridge
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Loginmiraclelogistics
Asso.prof.(commerce & Management)

Hi Richa,
Are you seeking this info about Indian conditions or in US ? I could gather some materials on the concept from various sources as attached which I hope might be of some help in your pursuit.

From India, Bangalore

Attached Files (Download Requires Membership)
File Type: docx EMPLOYMENT BOND.docx (30.0 KB, 824 views)
File Type: docx Supreme Court of India.Employment & Reinstatement.docx (47.5 KB, 157 views)
File Type: docx Employee Retention-The reward factor in employee retention.docx (17.0 KB, 268 views)
File Type: doc Attrition-twenty_retention_tools_for_curbing_attrition_183.doc (63.5 KB, 148 views)
File Type: doc Attrition-ManagingAttritionintheIndianInformationTechnologIndustry.doc (50.0 KB, 124 views)

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server