Hi, Can anyone help with Indemnity Bond Letter format. As a candidate will be joining without relieving letter. So we need to be sure Regards, Tarikaa
From India
Dinesh Divekar
Business Mentor, Consultant And Trainer

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.

Dinesh Divekar

Dear Tarikaa,

The definition of [i[indemnity[/i] is: (a) protection against future loss (b) legal exemption from liability for damages (c) a sum of money paid in compensation for loss or injury

Therefore, the questions that arise are:

d) if the candidate joins without a proper relieving letter, then who will protect whom against future loss?

e) if the candidate joins without a proper relieving letter, then who will incur what damages and if you foresee the candidate incurring damages, then how your company will be involved?

f) If the candidate joins without a proper relieving letter then what compensation your company will be required to pay and to whom?

Notwithstanding the questions on the indemnity bond, the overriding question is why do you wish to hire a candidate who is unable to furnish a proper relieving letter? Have you or your client encouraged the candidate to abandon his/her current employment so that he/she can take up a new job? If /you have encouraged him/her, then what is the guarantee that the candidate will not do the same to you that he/she is doing to his current company?

It speaks poorly of the candidate if he/she abandons his/her employment for a greener pasture. It speaks equally poor of a company if it hires a candidate who abandons his/her employment. Furnishing an indemnity bond or any other legal bond does wash away the blemish of the unethical actions.


Dinesh Divekar

From India, Bangalore

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