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
Labour Law & Hr Consultant

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.


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

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