Currently, I am working in an MNC company where they have my original 10th and 12th certificates, and I have signed a bond of two and a half years. If I am willing to break the bond, I would have to pay 3 lakhs. However, I am currently working on a support project in that company, but my interest lies in web development. I have received a new offer to join another startup in web development. I am currently on a one-month leave for my arrears examination. Before the leave, HR informed me that I should clear the arrears by this semester, or else I will be dismissed.
I had planned to skip two papers and inform them that I had health problems and could not clear the papers. However, some of my friends in the company mentioned that even with arrears, they might retain me in the project since I am performing well. I am quite confused about what to do next. Should I abscond without informing them (in this case, could the company file any case against me, and how can I retrieve my original certificates)? Or should I explain that I struggled with the examination and would like to leave (in this case, would they ask me to pay the 3 lakhs)?
I would appreciate your thoughts on this matter.
Thanks
From India, Pondicherry
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I had planned to skip two papers and inform them that I had health problems and could not clear the papers. However, some of my friends in the company mentioned that even with arrears, they might retain me in the project since I am performing well. I am quite confused about what to do next. Should I abscond without informing them (in this case, could the company file any case against me, and how can I retrieve my original certificates)? Or should I explain that I struggled with the examination and would like to leave (in this case, would they ask me to pay the 3 lakhs)?
I would appreciate your thoughts on this matter.
Thanks
From India, Pondicherry
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Understanding Bonds and Training Reimbursements
Bonds are illegal unless they are termed as a 'reimbursement' of training expenses, in which case they may be justified. Your certificates will be returned regardless of the nature of your exit.
You will need to decide whether you want to pay 3 lakhs to break the 'bond' or if you would rather stay with this firm, clear your exams, and then decide what you want to do after 2 and a half years.
From India, Mumbai
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92Bonds are illegal unless they are termed as a 'reimbursement' of training expenses, in which case they may be justified. Your certificates will be returned regardless of the nature of your exit.
You will need to decide whether you want to pay 3 lakhs to break the 'bond' or if you would rather stay with this firm, clear your exams, and then decide what you want to do after 2 and a half years.
From India, Mumbai
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Thanks for the information. I am not willing to work in that company doing support work. In addition, I did not complete two of the examinations. Would it be appropriate to inform them that I was unable to finish my arrears, kindly leave, and request the certificates? Moreover, if they refuse to provide the certificates, what should be my next step?
From India, Pondicherry
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From India, Pondicherry
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Career Decision Making.doc
BOND AGREEMENT and bond demand_compress ed.pdf