Dear sir/mam
Kindly provide a details draft for appointment letter in which a employee should not leave a company for atleast 3 years its apermanent job but still for security reason company wants this..Kindly help me my above mentioned query its a urgent requirement
waiting for earliest response
29th July 2019 From India, Thane
On the lighter side, only available option is not to allow the employee to go out of office and to close the door strictly for three years! LOL!
It is not the appointment terms which make employee to continue but the following points may ensure employee to continue
Opportunity for learning and development
Opportunity for growth on par with performance
PIP in place.
Recognition of work
Friendly work environment
Role and responsibilities to play.
Competitive salary on par with market standards
Welfare measured
Transparent HR policies.
I won't say all the above points make him stick to the company permanently but for a maximum years.
However as a short term measure you may choose issuing of indemnity bond for 2-3 years along with appointment order.
Or please introduce some bonus in his salary which will be payable after 3 years once complete 3 years with the company
Or please look at the feasibility of adding retention salary component in the salary which should be paid after 3 years or 50% a payout after 1.5 years and balance after another 1.5 years.
Candidates nowadays are not looking at salary alone. Best HR practices ensure long term relationship.
29th July 2019 From India, Madras
Besides the Mr. V.M.Lakshminarayanan’s reply I would like to add here, that when Management is keeping the right to terminate an employee, by giving one month’s notice or more, similarly the employee has also got a right to terminate the contract of employment, by giving one month notice, if he is not happy. The best HR practices/ policies (few examples explained by Mr. V.M.Lakshminarayanan) can only retain an employee.
1st August 2019 From India, Madras
Please do not bring employee into these kind of bond rather create a fantastic workplace and engage him actively. Give him responsibilities which he / she see as challenges.
Bonds / Agreements are not valid under our constitution.
2nd August 2019 From India, Bangalore
What is the effective date of ESIC reduce rate ?
Kindly help in this regard.
5th August 2019 From India, Meerut
ESI reduced contribution w.e.f. 1st Jul,2019.
5th August 2019 From India, Madras
Vaishali, You can't make a clause in appointment letter to strict employee for 3 years. Instead you can make an agreement with the person, where s/he will not an employee.
Or else you can make 1 or 2 years bond, since 3 years is long by looking competitive industry trend.
Further, I am agree with V M Lakshminarayanan to establish good practice into the organisation, which will not need any bond/agreement to retain talent.
- Viral
7th August 2019 From India, Ahmadabad
Good afternoon sir,
Sir can I get school house keeping labours wage structure,
Thankig you
8th August 2019 From India, Pune
Add Reply Start A 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™