Dear Sir, One month ago, my friend went for an interview and secured a job. However, three days ago, he submitted his resignation letter. Unfortunately, his current employer states that he has a 4-month balance on a bond with the company, leading to the rejection of his resignation letter. This situation has caused him to feel depressed. Given that he is in a financially precarious situation, the new job, with its higher salary, holds significant importance to him.
I seek your advice on what steps he should take in this challenging situation.
Regards,
MANI
From India, Hyderabad
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I seek your advice on what steps he should take in this challenging situation.
Regards,
MANI
From India, Hyderabad
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Requesting Salary and Relieving from Current Job
Ask him to request or otherwise negotiate to receive the one-month salary (if stipulated in the agreement) and then be relieved because we can earn it from a new job. The agreement is legal, meaning we can't violate it. Otherwise, it is void, and there should be no problem. It's all based on the agreement format that he only knows.
Regards,
Suku
From India, Mumbai
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16Ask him to request or otherwise negotiate to receive the one-month salary (if stipulated in the agreement) and then be relieved because we can earn it from a new job. The agreement is legal, meaning we can't violate it. Otherwise, it is void, and there should be no problem. It's all based on the agreement format that he only knows.
Regards,
Suku
From India, Mumbai
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Read terms and conditions of bond and follow accordingly. It is always good to be honest and fulfill commitment for better future.
From India, Ahmadabad
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From India, Ahmadabad
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As per the HR policy, if he has signed the bond, then he has to work until that period. Alternatively, he needs to pay compensation to the company for those 4 months.
If your friend has a good relationship with the manager, boss, director, or HR, then ask him to explain his situation. If they don't agree:
- Ask for a settlement of less compensation payable, maybe for 2 months.
- Ask for a reduction in the working months, again maybe for 2 months.
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If your friend has a good relationship with the manager, boss, director, or HR, then ask him to explain his situation. If they don't agree:
- Ask for a settlement of less compensation payable, maybe for 2 months.
- Ask for a reduction in the working months, again maybe for 2 months.
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High Court Judgement on Breach of Bond and Quantum of Compensation.PD F
Withdrawl of Resignation and Notice period.doc