Hi, I am Ismail, It is seen that many organisation making an employment agreement with newly joined employee to stay in organization for 5 years or 10 years. My question is it necessary to make any agreement after giving an appointment letter to the employee mentioning the condition and take agreed copy from employee. Actually I think appointment letter is an agreement . so there is no need to make any other agreement except appointment letter.
I know bond labour is prohibited. But some of employees are quitting job frequently . When company occurred some investment for him/her (like giving salary, training ,Conveyance etc) when they are new, they could not affordable for organisation.
When they become affordable for organisation they are switching their job, in that case bond is bond labour permitted. If permitted what should be the format of employment agreement . what should be the compensation for Organisation.
Please clarify......
I know bond labour is prohibited. But some of employees are quitting job frequently . When company occurred some investment for him/her (like giving salary, training ,Conveyance etc) when they are new, they could not affordable for organisation.
When they become affordable for organisation they are switching their job, in that case bond is bond labour permitted. If permitted what should be the format of employment agreement . what should be the compensation for Organisation.
Please clarify......