Dear All,
We have hired few employees for our dealership for pan India sales and service. Before engaging them in field our main co-brand company is providing them training which may cost 3 to 5 lakh rupees each employee,.. If in case any emplyee left the organisation just after the training or mid of the employement, how we can retain them or may recover this expenditure?
Please suggest good bond languages and any other way of retaining them.
Best Regards
Vinod Kumar
Sr. HR
From India, Jaipur
1We have hired few employees for our dealership for pan India sales and service. Before engaging them in field our main co-brand company is providing them training which may cost 3 to 5 lakh rupees each employee,.. If in case any emplyee left the organisation just after the training or mid of the employement, how we can retain them or may recover this expenditure?
Please suggest good bond languages and any other way of retaining them.
Best Regards
Vinod Kumar
Sr. HR
From India, Jaipur
For a sales training you spend five lakhs on each employee? Even Space Research Organisation which takes candidates for training does not spend so much on each candidate. Let it be realistic, the cost to be spent for a Post Graduation degree is less than One lakhs. Then when you say that you spend so much of amount for training the employees, that also, the employees of dealers, it does not sound to be realistic.
Anyway, to the extent of real cost of training, you can make a bond and it will be enforceable also.
From India, Kannur
Anyway, to the extent of real cost of training, you can make a bond and it will be enforceable also.
From India, Kannur
Dear Mr. Madhu. T. K.,
I understand your point of view, however we have taken dealership for India of foreign company which make UG Mining machine. For that we need highly proficient and skilled manpower, training base will be SA. which may cost around 3-5 lakh each employee. ( training cost includes travel fare, wages / stipend during training, visa costs, accomodation and fooding, local expenditure at training center, on site trainings in India. This will repeat several time during the training period.
From India, Jaipur
I understand your point of view, however we have taken dealership for India of foreign company which make UG Mining machine. For that we need highly proficient and skilled manpower, training base will be SA. which may cost around 3-5 lakh each employee. ( training cost includes travel fare, wages / stipend during training, visa costs, accomodation and fooding, local expenditure at training center, on site trainings in India. This will repeat several time during the training period.
From India, Jaipur
Hi,
You may introduce Indemnity Bond along with security cheques option. Employee to sign the Indemnity Bond stating that they will offer un-interrupted service to your company for a stipulated period time frame and incase if they fail to complete the stipulated they need to compensate the company with certain amount. Security cheques can be obtained along with a self declaration from those employees stating that in case if they leave the company before the stipulated period they are authorizing the employer to encash the cheque by depositing into their bank account. Primarily the purpose of security cheques are to give some moral fear about their obligation to the Company. Please ensure that the Indemnity Bond period are realistic.
From India, Madras
You may introduce Indemnity Bond along with security cheques option. Employee to sign the Indemnity Bond stating that they will offer un-interrupted service to your company for a stipulated period time frame and incase if they fail to complete the stipulated they need to compensate the company with certain amount. Security cheques can be obtained along with a self declaration from those employees stating that in case if they leave the company before the stipulated period they are authorizing the employer to encash the cheque by depositing into their bank account. Primarily the purpose of security cheques are to give some moral fear about their obligation to the Company. Please ensure that the Indemnity Bond period are realistic.
From India, Madras
@Veer Vinod Solanki If the cost mentioned by you is real cost you can introduce a system wherein the cost is recovered from the employee provided he leaves within a certain period. Normally, the response from the candidates to join a private sector company which has a bond of three to five lakhs will be very negative. This is also because there is no security that you, the employer, will not ask them to go if they are not BEST for you immediately after a bond period, even if there is a reverse bond.
But let us hope that you will get candidates who agree to your offer.
From India, Kannur
But let us hope that you will get candidates who agree to your offer.
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
