Hello Seniors,
I have got an opportunity as an HR Executive at Gland Pharma (Pharma Industry), located in Hyderabad. However, the management is requiring a bond of 3 years. Is this a good one? I have requested for at least 2 years, but they have accepted. The pay would be Rs. 5000 for the 1st year, Rs. 6000 for the 2nd year, and Rs. 7000 for the 3rd year. What would be my career growth in these 3 years? Is this a better opportunity? Please help me in this regard. I am looking for quick responses.
Thanks in advance,
Murali
From India, Hyderabad
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I have got an opportunity as an HR Executive at Gland Pharma (Pharma Industry), located in Hyderabad. However, the management is requiring a bond of 3 years. Is this a good one? I have requested for at least 2 years, but they have accepted. The pay would be Rs. 5000 for the 1st year, Rs. 6000 for the 2nd year, and Rs. 7000 for the 3rd year. What would be my career growth in these 3 years? Is this a better opportunity? Please help me in this regard. I am looking for quick responses.
Thanks in advance,
Murali
From India, Hyderabad
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Hi Murali Krishna,
Writing a 3-year bond is not a joke, where the salary is already fixed for the full three years of service. My goodness, I wonder about the company initiating these kinds of procedures! 😱
I understand that as a fresher, everybody needs a break, but you do not need to put your career for 3 years in the hands of the company. What if you get a good opportunity in between with a good pay? I suggest you consider writing a bond for not less than 1 or 1.5 years, but not more than this.
Regards,
Srilatha
From India, Hyderabad
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10Writing a 3-year bond is not a joke, where the salary is already fixed for the full three years of service. My goodness, I wonder about the company initiating these kinds of procedures! 😱
I understand that as a fresher, everybody needs a break, but you do not need to put your career for 3 years in the hands of the company. What if you get a good opportunity in between with a good pay? I suggest you consider writing a bond for not less than 1 or 1.5 years, but not more than this.
Regards,
Srilatha
From India, Hyderabad
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3 years for 5K, 6K, and 7K? There's got to be something really wrong with the company for excuses to come up with such 'bonds'! Murali - be ambitious and aim at increasing your salary exponentially!
3-year bond for increasing your salary by a thousand every year... that's even less than a 30% hike a year!! What a joke! You've got better things to do, buddy! Good luck!
From India
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3-year bond for increasing your salary by a thousand every year... that's even less than a 30% hike a year!! What a joke! You've got better things to do, buddy! Good luck!
From India
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Hi Murali,
All my HR friends are very much true. How can you sign a bond of 3 years at such a poor salary and growth? Yes, definitely we all know there are lots of problems as a fresher. But anyways, don't do the same. You can ask for 1 year or a maximum of 1.5 years, but not more than that.
Regards,
Amit Seth.
From India, Ahmadabad
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All my HR friends are very much true. How can you sign a bond of 3 years at such a poor salary and growth? Yes, definitely we all know there are lots of problems as a fresher. But anyways, don't do the same. You can ask for 1 year or a maximum of 1.5 years, but not more than that.
Regards,
Amit Seth.
From India, Ahmadabad
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Hi Murali,
It's not worth signing a bond with the company where they have already decided your salary hikes to a thousand per annum, which is ridiculous. Your salary hike would depend on your performance; it can't be fixed every year. Don't sign the bond for more than six months.
I wish you all the very best. I am sure you would get better opportunities than this in the near future.
Thanks,
Jaweed
From India, Hyderabad
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It's not worth signing a bond with the company where they have already decided your salary hikes to a thousand per annum, which is ridiculous. Your salary hike would depend on your performance; it can't be fixed every year. Don't sign the bond for more than six months.
I wish you all the very best. I am sure you would get better opportunities than this in the near future.
Thanks,
Jaweed
From India, Hyderabad
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Hi Murali,
I think you should not sign this kind of bond where your salary is already decided for the next three years. I believe the salary should depend on your performance. Starting with 5k as a fresher is not a bad deal; I also started with the same amount. However, receiving only a 1000/- increment is not favorable. Therefore, the best approach would be to ask for a 1-1.5 years bond, or simply reject it.
Anyways, good things come to those who wait. Better things come to those who try. Your mind is like a garden; tend it well by filling it with positive and encouraging thoughts throughout your life.
All the best.
Regards,
Bhavana.
From India, Mumbai
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I think you should not sign this kind of bond where your salary is already decided for the next three years. I believe the salary should depend on your performance. Starting with 5k as a fresher is not a bad deal; I also started with the same amount. However, receiving only a 1000/- increment is not favorable. Therefore, the best approach would be to ask for a 1-1.5 years bond, or simply reject it.
Anyways, good things come to those who wait. Better things come to those who try. Your mind is like a garden; tend it well by filling it with positive and encouraging thoughts throughout your life.
All the best.
Regards,
Bhavana.
From India, Mumbai
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Hi Murali,
My suggestion is that you should not go for this offer. It's really strange how a company can offer such harsh terms & conditions! God!!! It really seems that something is wrong with the company. Three-year bond is not a joke & the strange fact is that they have already fixed your salary for the coming years just like that! Lot many other opportunities are there, you may find a good job. All the best!
Regards,
Kshama
From India, Mumbai
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My suggestion is that you should not go for this offer. It's really strange how a company can offer such harsh terms & conditions! God!!! It really seems that something is wrong with the company. Three-year bond is not a joke & the strange fact is that they have already fixed your salary for the coming years just like that! Lot many other opportunities are there, you may find a good job. All the best!
Regards,
Kshama
From India, Mumbai
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Dear Murali,
Don't mind, but these are my personal opinions and a bit contradictory to the opinions others have provided.
If you have been hanging out wasting time for more than a year, the offer is not bad. But the thing to be kept in mind is the salary escalation part of it. You can agree to sign the bond but request the mention of salary fixation for one year and for the future two years minimum to be mentioned but amendable based on performance. This shall leave the management with an opinion and an opportunity about your ability to perform.
Furthermore, after completion of one year, if the management is not able to recognize or reward your performance (which shall be evident to you after 1 year), you can request to be relieved.
Even further, no bond, other than one stamped by the court, is valid. Additionally, employees cannot be held by any such bond, and the labor tribunal shall look for the benefit of the employee. However, this move shall not be correct professionally and ethically (you can search "bond" in this forum and get an answer).
BEST OF LUCK!
From India, Panipat
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Don't mind, but these are my personal opinions and a bit contradictory to the opinions others have provided.
If you have been hanging out wasting time for more than a year, the offer is not bad. But the thing to be kept in mind is the salary escalation part of it. You can agree to sign the bond but request the mention of salary fixation for one year and for the future two years minimum to be mentioned but amendable based on performance. This shall leave the management with an opinion and an opportunity about your ability to perform.
Furthermore, after completion of one year, if the management is not able to recognize or reward your performance (which shall be evident to you after 1 year), you can request to be relieved.
Even further, no bond, other than one stamped by the court, is valid. Additionally, employees cannot be held by any such bond, and the labor tribunal shall look for the benefit of the employee. However, this move shall not be correct professionally and ethically (you can search "bond" in this forum and get an answer).
BEST OF LUCK!
From India, Panipat
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Hi Murali, Pls. don’t accept this offer. Signing a bond for three years, & that too when the salary is fixed for 3 years is foolishness.
From India, Hyderabad
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From India, Hyderabad
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Hi Murali,
First of all, let me congratulate you for getting the offer. If a pharmaceutical company like Gland Pharma is offering that kind of salary, one can easily imagine the fate of salaries in other not so prominent companies. Accepting the bond or not is entirely up to you depending on your confidence and knowledge levels. At the entry level, these kinds of things happen, and if you are confident enough to get a much more lucrative offer, then you can forget this offer. If you want to learn, forgetting the salary part, then you can accept the offer and search for some other good job after some time if you feel like doing so. It depends on the clauses the company incorporates in the bond, and with the help of some legal advice, you can always dishonor the bond legally by virtue of payment or otherwise depending on clauses in the bond. Hence, unless and until you are clear about clauses in the bond, please do not accept it.
In addition, you are still a fresher and you have not mentioned how many percentage of marks you have got and from which institute you have passed out. If you are from one of those elite institutes, many companies might have offered you a five-figure salary straightaway even without a bond. As you are not, you are being offered a low salary which is quite reasonable by any standards as any company may not be interested initially to invest more in you without knowing how you would perform. If you are performing well as per their expectations, then there is every chance of enhancing your salary and moreover your bargaining capacity and confidence levels will increase subsequently. So if you are confident that you can perform well, then you can accept the offer and start proving your caliber.
Good luck!
PRADEEP
From India, Hyderabad
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First of all, let me congratulate you for getting the offer. If a pharmaceutical company like Gland Pharma is offering that kind of salary, one can easily imagine the fate of salaries in other not so prominent companies. Accepting the bond or not is entirely up to you depending on your confidence and knowledge levels. At the entry level, these kinds of things happen, and if you are confident enough to get a much more lucrative offer, then you can forget this offer. If you want to learn, forgetting the salary part, then you can accept the offer and search for some other good job after some time if you feel like doing so. It depends on the clauses the company incorporates in the bond, and with the help of some legal advice, you can always dishonor the bond legally by virtue of payment or otherwise depending on clauses in the bond. Hence, unless and until you are clear about clauses in the bond, please do not accept it.
In addition, you are still a fresher and you have not mentioned how many percentage of marks you have got and from which institute you have passed out. If you are from one of those elite institutes, many companies might have offered you a five-figure salary straightaway even without a bond. As you are not, you are being offered a low salary which is quite reasonable by any standards as any company may not be interested initially to invest more in you without knowing how you would perform. If you are performing well as per their expectations, then there is every chance of enhancing your salary and moreover your bargaining capacity and confidence levels will increase subsequently. So if you are confident that you can perform well, then you can accept the offer and start proving your caliber.
Good luck!
PRADEEP
From India, Hyderabad
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Hi Murali,
5k is low, agreed, but good for a start. It all depends on the profile and exposure... learning, man!
The bond is for you, not for the company. If you don't like it, then just stop working. The company will ask you to resign itself.
But I think working with a consultancy at this stage would be much better. At least you will get incentives for your performance, and 5k is not much!
If you are in Chennai, consider relocating to Bangalore. There are many more opportunities there.
From India
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5k is low, agreed, but good for a start. It all depends on the profile and exposure... learning, man!
The bond is for you, not for the company. If you don't like it, then just stop working. The company will ask you to resign itself.
But I think working with a consultancy at this stage would be much better. At least you will get incentives for your performance, and 5k is not much!
If you are in Chennai, consider relocating to Bangalore. There are many more opportunities there.
From India
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Hi Murali,
It's better not to take up the offer. They will take advantage of you with the bond. It depends on your interest in which industry you want your career to thrive. There are many industries that pay well, provided you perform. Analyze and be professional; we work for money, but it's not a big deal. Like a cat would say, "I work for money. If you want loyalty, get a dog."
Hope this gives you some food for thought.
Regards, A Shyam 0844806649
From India, Bangalore
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It's better not to take up the offer. They will take advantage of you with the bond. It depends on your interest in which industry you want your career to thrive. There are many industries that pay well, provided you perform. Analyze and be professional; we work for money, but it's not a big deal. Like a cat would say, "I work for money. If you want loyalty, get a dog."
Hope this gives you some food for thought.
Regards, A Shyam 0844806649
From India, Bangalore
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Hi Murali,
"3 years for 5k, 6k & 7k" - this somehow seems like a wild thought being implemented as a strategy. I would advise you not to accept the offer. If any company is going for a bond, the compensation has to be commensurate and higher than what you can get in the market. So, if you give 3 years of your performance, you deserve much more than a Rs. 1000 hike, which is fixed by the company. I think their emphasis is not on performance in this case.
Starting at 5k is not a bad idea, but you should grow with your experience and compensation proportionately. So, give it some thought before accepting it.
Gunjan
From India, Bangalore
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"3 years for 5k, 6k & 7k" - this somehow seems like a wild thought being implemented as a strategy. I would advise you not to accept the offer. If any company is going for a bond, the compensation has to be commensurate and higher than what you can get in the market. So, if you give 3 years of your performance, you deserve much more than a Rs. 1000 hike, which is fixed by the company. I think their emphasis is not on performance in this case.
Starting at 5k is not a bad idea, but you should grow with your experience and compensation proportionately. So, give it some thought before accepting it.
Gunjan
From India, Bangalore
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Hi,
I agree with most opinions expressed here. My comment is about just one line in the quoted post - it's not necessary that being from an elite institute with a good percentage makes companies offer five-figure salaries... and that's from personal experience...
From India, New Delhi
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I agree with most opinions expressed here. My comment is about just one line in the quoted post - it's not necessary that being from an elite institute with a good percentage makes companies offer five-figure salaries... and that's from personal experience...
From India, New Delhi
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Hi Murali,
As a fresher, you can go for it provided the bond is for 1 year and not more than that. The salary can be fixed before the bond period but not after that. They can't decide on your hike before 3 years without at least having a glance at your performance.
You can have a discussion with the people of that company and explain that this is what you are looking for. If they agree to a 1-year bond, then okay. Otherwise, this is not the last place on earth where you can get a job. You have many more opportunities coming up.
So, all the best!
Regards,
Prabha
From India, Hyderabad
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As a fresher, you can go for it provided the bond is for 1 year and not more than that. The salary can be fixed before the bond period but not after that. They can't decide on your hike before 3 years without at least having a glance at your performance.
You can have a discussion with the people of that company and explain that this is what you are looking for. If they agree to a 1-year bond, then okay. Otherwise, this is not the last place on earth where you can get a job. You have many more opportunities coming up.
So, all the best!
Regards,
Prabha
From India, Hyderabad
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Hi Murali, This is not at all good offer.In fact it will slow down your careers growth pace, it is better to let the offer go. I wish u all the very best in you career Regards, vivekananda.G
From India, Hyderabad
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From India, Hyderabad
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3 years bond is an atrocity... But let's view some other aspects of the paper as well... I'm sure that the salary offered is very low... it should be more... 25k to start with... with a gradual increase of 3k every year... money does matter... so negotiate on the money... 2nd, you need to do research on the organization... where does it stand in the market... and the likes... you have to look at the future of the org... 3rd... look at the exposure you would get... if you are getting ample opportunity to learn and prove your mark... it's the right place... for you to work... because you would grow there... and learn things....
Normally, a guy who is hired for an HR role... is given mundane work... or is restricted to a certain area... (in terms of IT)... but pharma gives you a good exposure... you have to read the doc... negotiate on the bond length to 2 years... with a decent salary between 15k - 20k... predict where you would head in your career if you sign the bond...
Every job has its positives and negatives; you have to balance them out...
Regards,
Rishikesh Shinde
Head - HR
From India, Pune
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Normally, a guy who is hired for an HR role... is given mundane work... or is restricted to a certain area... (in terms of IT)... but pharma gives you a good exposure... you have to read the doc... negotiate on the bond length to 2 years... with a decent salary between 15k - 20k... predict where you would head in your career if you sign the bond...
Every job has its positives and negatives; you have to balance them out...
Regards,
Rishikesh Shinde
Head - HR
From India, Pune
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Dear Murali,
What I feel is that the company must have just proposed such an offer to check your integrity with the prospective organization you would be working with. However, if they are serious, if I were you, I would have taken the HR of the company making such an offer for a nice ride. That's just ridiculous for the company to make such an offer. However, pick up the offer and look for another company for a better bargain and a professional environment. As an alternative, you can surely look up a job with a small-time consultant as a recruiter, and then, after completing some time with them, you can look for a higher scale.
Take care, Samir Kulkarni.
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What I feel is that the company must have just proposed such an offer to check your integrity with the prospective organization you would be working with. However, if they are serious, if I were you, I would have taken the HR of the company making such an offer for a nice ride. That's just ridiculous for the company to make such an offer. However, pick up the offer and look for another company for a better bargain and a professional environment. As an alternative, you can surely look up a job with a small-time consultant as a recruiter, and then, after completing some time with them, you can look for a higher scale.
Take care, Samir Kulkarni.
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Hi Murali,
I agree with the views of the co-members. Instead of signing the bond, you can actually work with any HR consulting firm at your location and wait for a better opportunity. Joining a consulting firm actually gives you an understanding of what HR gamut is all about, and that knowledge would probably help in your future endeavors. I suggest you not spend your free time but to join a consulting firm.
Kranthi Kiran
From India, Mumbai
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I agree with the views of the co-members. Instead of signing the bond, you can actually work with any HR consulting firm at your location and wait for a better opportunity. Joining a consulting firm actually gives you an understanding of what HR gamut is all about, and that knowledge would probably help in your future endeavors. I suggest you not spend your free time but to join a consulting firm.
Kranthi Kiran
From India, Mumbai
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Hi Murali,
Bonds are designed to ensure an extended work relationship with the employee; it's not a vehicle for exploitation. I cannot decide for you, but I feel that you should not sign the bond for more than 1 year. In case they are pressuring you for the bond, then ask them to increase the pay by 100%.
Best wishes, Ankit
From India, Mumbai
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Bonds are designed to ensure an extended work relationship with the employee; it's not a vehicle for exploitation. I cannot decide for you, but I feel that you should not sign the bond for more than 1 year. In case they are pressuring you for the bond, then ask them to increase the pay by 100%.
Best wishes, Ankit
From India, Mumbai
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Hi Murali,
I too know a person who signed a bond with an MNC, but she had an excellent career and growth against her bond. She started with 8K and today, after 1.5 years of service, she is already drawing 30K based on her performance. So, if your prospective company is ready to give you this type of career, only then should you make this decision. Otherwise, I suggest looking out for another job.
Regards,
Pooja
From India, Pune
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I too know a person who signed a bond with an MNC, but she had an excellent career and growth against her bond. She started with 8K and today, after 1.5 years of service, she is already drawing 30K based on her performance. So, if your prospective company is ready to give you this type of career, only then should you make this decision. Otherwise, I suggest looking out for another job.
Regards,
Pooja
From India, Pune
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Hi Murali,
After reading this, my suggestion is don't go for this by any means and try to look somewhere else. Definitely, there is something wrong with the company or the process they follow. So it's better you can wait, but don't take high risks... 😱 😀
Regards,
Rupendra
From India, New Delhi
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After reading this, my suggestion is don't go for this by any means and try to look somewhere else. Definitely, there is something wrong with the company or the process they follow. So it's better you can wait, but don't take high risks... 😱 😀
Regards,
Rupendra
From India, New Delhi
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Hi, I'm Elias Lobo, currently pursuing an M.P.M. I am in my last year of study, and I am also working as a customer care associate. I am looking for an HR executive position. Can anybody provide me with information regarding the HR interview questions? What questions might I face during the HR interview? Please provide me with this information. Thank you.
Elias 😊
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Elias 😊
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Hi Murali,
As a fresher, you need a break to start your career. Having your salary fixed for three years is not a good procedure. We have not come across such terms before. Please review the terms and conditions of the bond and what is required to execute the bond. If the period is reduced to 2 years, you can consider it.
Regards,
Prasanna
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As a fresher, you need a break to start your career. Having your salary fixed for three years is not a good procedure. We have not come across such terms before. Please review the terms and conditions of the bond and what is required to execute the bond. If the period is reduced to 2 years, you can consider it.
Regards,
Prasanna
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