I am working for an organisation for last 5 years. Have worked with dedication and was also been awarded and appreciated for that. Recently company was been facing with the problem of retention as there is no growth prospect and every year a change in policy with regards to incentives and pay. So to tackle that they decided to increase the notice period from 1 month to 3 months. To get the approval of employees they stoped paying incentives for few months. Then all of sudden they declared incentive and designation promotion. On the letter head of the company they added both the things along with a clause of 3 months notice period.
Lot of emplyees in our organisation, also me, are leaving salary to salary life, so we had to signed the paper as the incentive amount was a requirment. The letter had clarrification that the 1months notice will be accepted only at the discretion of the Line manager.
Now HR is saying if i have to leave the organisation then i have to give the full notice period or pay the organisation the remaining period full salary. Other companies are not ready to wait for 3 months and also are not ready to hire without relieving Letter. When i tried to negotiate with current company they asked me 70000 as buymy notice period for 2 months even 30000 is tomuch. I cannot afford such a big amount as a buyback nor the other companies are ready to pay such a big amount as a buyback. I feel like i am cheated and now getting desperate as I am stuck with this company and they playin my career.
Kindly advice if my current company can take any legal action on me or new organisation. Also whether they can stop my relieving letter and experience letter.
Lot of emplyees in our organisation, also me, are leaving salary to salary life, so we had to signed the paper as the incentive amount was a requirment. The letter had clarrification that the 1months notice will be accepted only at the discretion of the Line manager.
Now HR is saying if i have to leave the organisation then i have to give the full notice period or pay the organisation the remaining period full salary. Other companies are not ready to wait for 3 months and also are not ready to hire without relieving Letter. When i tried to negotiate with current company they asked me 70000 as buymy notice period for 2 months even 30000 is tomuch. I cannot afford such a big amount as a buyback nor the other companies are ready to pay such a big amount as a buyback. I feel like i am cheated and now getting desperate as I am stuck with this company and they playin my career.
Kindly advice if my current company can take any legal action on me or new organisation. Also whether they can stop my relieving letter and experience letter.