A New Trick To Reduce Attrition

hi Harikeyel...
i agree to ur opinion but the value addition the foreign training is goin to bring is not gauranteed... thats y i think its too big to risk 3 years unless n until he negotiates to reduce the time period...

Dear Mr. Ramesh,
First of all, I would like to tell you that unless it is a two way bond i.e. something given by the company in reward. I suggest that your friend should definitely go to foriegn tour. There are several advantages to it.
1. His resume would be strengthened if he mentions foreign tour.
2. He can demand much more than what he is getting due to foreign tour.
To tell your frankly, in the legal court no bond has any stand on it.
Santosh Iyer

Hi
I think it is not advisable to sign the bond. Yes training is important and good but at what cost. The company cannot make people to work like "bandhua mazdoor".
Your friend is not happy with the company then why cannot he look for other options outside the company. With Indian job market so volatile, so definitely he can find a job for himself.
Have a nice week end ahead !!!!
Bye
Rajeev

Hi,
In today's market condition employers will try to bring in curbs to ensure that attrition rate is brought down and that the trained manpower is retained.In this partcular case it is the need of the company to send individual for training. In a large number of cases such training is job specific and does not add value to individual for career growth.
Employees have to learn to negotiate after weighing all pros and cons. If after carrying out an objective assessment, it is found that you are going to be a looser, it better to say no in a forthright manner.In any case one sided contracts are always bad in the eyes of law.
Brigadier Ashwani Kumar

Dear All
I agree with Harikeyal.Abroad training will defenitely add value and it will help him for the rest of his career. For that he has to compensate some thing.He has to consider the expenses that may have to incur for such training if he is paying it from his pocket
Nasir

PLS NOTE THAT THESE KIND OF EMPLOYMENT BONDS HAVE GOT NO SANCTITY IN THE INDIAN LABOUR COURT......THEY ARE TURNED NULL AND VOID.....IF TRIED IN THE COURT OF LAW...COMPANY CANNOT ENFORCE A PERSON TO BE WITH ITS COMPANY FOR A SPECIFIED DURATION.......HE CAN AVAIL THE HOLIDAYS ENJOY AND COME BACK......BUT HE NEED TO ENSURE ALL HIS PAYMENT AND ACCOUNTS GET SETTLED BEFORE HE LEAVES..IN THE SENSE THAT PF COMPANY CANNOT STOP HE CAN SIGN THE FORM FROM A GAZETTED OFFICER AND SUBMIT TO PF AUTHORITIES BUT HE SHOULD KNOW HIS PF NUMBER.......SO ONE SHOULD NOT WORRY ...NO EMPLOYMENT CONTRACT IS LEGALLY BINDING IN INDIA NO COURT CAN ENDORSE OR SUPPORT SUCH THING.....

i really agree with this..
there should be a broader canvas to be seen. if the company has chose him for the training its a proud, and the training will enhance in the professional development.
your friend should negotiate in time frame rather to loose the big opportunity.
thanks
Diwesh :P

Hi
Do not offer this because the bond would be only applicable once he comes back to india. What if he does not????????
Rgds,
Shiva

Dear Team,
Many thanks for all your kind suggestions. I shared your views with my friend it helped him to negotiate a win-win strategy with his employer.Unfortunately his employer not ready to commit anything on my friend's growth opportunities. Finally my friend refused to accept the offer & we have to wait & see the consequences.
As some of members suggested, the objective was not to give training & enhace his capabilities.They are using this strategy from last few years & my friend has seen the fate of all those sent to abroad in the past.
Thanks & Regards - Ramesh

Hi,
Really this is a hectic situation. It can be happened rarely.
I gone through all the advises which are made by some professionals.
Finally, i am coming into a conclusion that it had better to read the agreement line by line so that we may find out some of the loopholes of the agreement. Then we consult a good HR professional / Advocate to solve this.
Acutally, once we commit any agreement / bond, we have to stick on the rules and regulations. But, in this issue it was happend in the critical conditions.
Any have, it is not encouraged by the Labour Laws in India and it had better to go for consult an Advocate.
With all best wishes,
Krishna