I am working in a firm which is a so-called MNC. Their policies are inappropriate with regard to employee laws. Following are the key points:
1. You hereby agree to work for this company for a period of 24 months. In the event of you leaving the services prior to this committed period, you agree to reimburse the company for all the expenses invested in you from the date of your employment.
2. To ensure business continuity, the company has a policy of accepting a maximum of 5% of the employee strength as resignations in a given month. If the number of resignation letters submitted exceeds this limit in a month, your resignation will be postponed to the subsequent month with priority, and other terms will proceed from there.
3. You will be required to give a 90-day advance notice. Depending on the criticality of the project, your resignation may be delayed until a suitable replacement is found and trained to a professional level capable of independently handling the work you were responsible for, in order to ensure business continuity.
The company also frequently delays relieving employees at the right time. What necessary actions can employees take if they are forced to continue their service beyond the agreed service period? If the company fails to find a suitable replacement, what will be the employee's future if they have already committed to another company? Please provide a suitable solution here.
From India, Chennai
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1. You hereby agree to work for this company for a period of 24 months. In the event of you leaving the services prior to this committed period, you agree to reimburse the company for all the expenses invested in you from the date of your employment.
2. To ensure business continuity, the company has a policy of accepting a maximum of 5% of the employee strength as resignations in a given month. If the number of resignation letters submitted exceeds this limit in a month, your resignation will be postponed to the subsequent month with priority, and other terms will proceed from there.
3. You will be required to give a 90-day advance notice. Depending on the criticality of the project, your resignation may be delayed until a suitable replacement is found and trained to a professional level capable of independently handling the work you were responsible for, in order to ensure business continuity.
The company also frequently delays relieving employees at the right time. What necessary actions can employees take if they are forced to continue their service beyond the agreed service period? If the company fails to find a suitable replacement, what will be the employee's future if they have already committed to another company? Please provide a suitable solution here.
From India, Chennai
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Point 1
It is akin to a bond without terming it as a bond. Are you being given any special training by MNC?
Point 2
Restriction on the number of employees resigning is not in order. Yes, the company can try to restrict exits by appropriate policies but cannot lay down quantitative numbers.
Point 3
The laws of the land for firms under Shops and Establishment Acts of states are generally one month. The terms of this MNC are stringent and not exactly in consonance with laws as laid down. Legal battles may ensue if someone wishes to exit, and MNC is at an advantage because the employee fights with their own money and has limitations as they may need to join some other firm at short notice. There is no real solution other than legal battles.
From India, Pune
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3180It is akin to a bond without terming it as a bond. Are you being given any special training by MNC?
Point 2
Restriction on the number of employees resigning is not in order. Yes, the company can try to restrict exits by appropriate policies but cannot lay down quantitative numbers.
Point 3
The laws of the land for firms under Shops and Establishment Acts of states are generally one month. The terms of this MNC are stringent and not exactly in consonance with laws as laid down. Legal battles may ensue if someone wishes to exit, and MNC is at an advantage because the employee fights with their own money and has limitations as they may need to join some other firm at short notice. There is no real solution other than legal battles.
From India, Pune
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How to Handle an Employee Resignation.doc