Dear Sirs,
Our automobile dealership network in Bihar is quite extensive. Due to the high rate of employee turnover within the company, we are considering implementing a legal agreement with new hires, particularly for positions such as GMs/SMs, stipulating that they commit to serving a minimum period of 1-2 years before resigning.
I kindly request your assistance in providing a sample legal employment bond draft that includes all the necessary details for prospective employees to review and sign.
Regards,
Pradeep Anwar
From India, Mumbai
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Our automobile dealership network in Bihar is quite extensive. Due to the high rate of employee turnover within the company, we are considering implementing a legal agreement with new hires, particularly for positions such as GMs/SMs, stipulating that they commit to serving a minimum period of 1-2 years before resigning.
I kindly request your assistance in providing a sample legal employment bond draft that includes all the necessary details for prospective employees to review and sign.
Regards,
Pradeep Anwar
From India, Mumbai
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What is the significance of a legal bond when the bond itself is illegal?
Especially when you appoint a General Manager (GM) and other managerial personnel, it is expected that they should have certain levels of skills, education, and experience. Therefore, you cannot even enforce a training bond, which can be applicable in the case of freshers to some extent, limited to the training costs incurred exclusively for the trainee concerned. Instead of implementing a bond, it is advisable to conduct a thorough analysis of the organizational issues leading to high attrition rates, and then seek solutions to address those problems.
From India, Kannur
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4556Especially when you appoint a General Manager (GM) and other managerial personnel, it is expected that they should have certain levels of skills, education, and experience. Therefore, you cannot even enforce a training bond, which can be applicable in the case of freshers to some extent, limited to the training costs incurred exclusively for the trainee concerned. Instead of implementing a bond, it is advisable to conduct a thorough analysis of the organizational issues leading to high attrition rates, and then seek solutions to address those problems.
From India, Kannur
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Attrition-rate. xls
Employment Agreement.pdf