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Asso.prof.(commerce & Management)

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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
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
File Type: docx EMPLOYMENT BOND.docx (30.0 KB, 427 views)
File Type: docx Supreme Court of India.Employment & Reinstatement.docx (47.5 KB, 82 views)
File Type: docx Employee Retention-The reward factor in employee retention.docx (17.0 KB, 135 views)
File Type: doc Attrition-twenty_retention_tools_for_curbing_attrition_183.doc (63.5 KB, 80 views)
File Type: doc Attrition-ManagingAttritionintheIndianInformationTechnologIndustry.doc (50.0 KB, 62 views)

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