anindya-paul1
Hi all, I got a new opportunity in one of MNCs, but in my current organization I have a bond of 3 yrs or else have to pay 5 lakh, what to do? What should I say to my current organization? I am getting a good offer. But I don't want to pay 5 lakh, I joined my current organization 5.5 months back
From India, Mysore
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Umakanthan53
Labour Law & Hr Consultant

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umakanthan53
5878

Dear friend,

Hope you would have signed the bond with your eyes and mind fully open. Therefore, your oscillating tendency to shift jobs within the bond period of three years dictated by more attractive offers should be compatible with the terms and conditions of the employment bond in force.

Of course the justifiability of the value of the bond amount can be questioned in a Court of Law, if it is too excessive compared to the costs of recruitment and training incurred by the employer on your engagement and the length of service you rendered so far. But it would be a time consuming process and would not serve any immediate purpose.

Better you may negotiate with the present employer for waiver in full or part.

What if the new employer also asks for the execution of a similar bond?
The grass is always greener on the other side. So try to be conscious of the effects of employment bonds and avoid job hopping for the sake of money.

From India, Salem

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