i am b.e. computer and i have joined one psu in august'12 as wanted gov job.
but now after working in bank i realized that it is not the place for me where i can work life time so want to leave it and want to go for higher study.
i have signed service bond of 1.5 lac for the service of min 3 year.
i dnt want to pay this and want to leave bank in june '13.
please guide me how is it possible.
From India, Ahmedabad
but now after working in bank i realized that it is not the place for me where i can work life time so want to leave it and want to go for higher study.
i have signed service bond of 1.5 lac for the service of min 3 year.
i dnt want to pay this and want to leave bank in june '13.
please guide me how is it possible.
From India, Ahmedabad
Dear shital,
I know am not expert in this community but I know how things work when it comes to breaking service bond. if it was a private company bond it would have been easy to break it by losing a month salary or by honest negotiation or communication with respective HR manager.
Here the situation is government related and I think its a bit difficult for you to go ahead with breakage of bond. I regret you have to pay 1.5 lac incase you want to leave before the set service years.
As you the process of hiring in govt sector is not an easy task for both employer and employee, I suggest you to reconsider decision and speak to your parents first know what the solution they can offer.
All the best,
Mohit
From India, Mumbai
1I know am not expert in this community but I know how things work when it comes to breaking service bond. if it was a private company bond it would have been easy to break it by losing a month salary or by honest negotiation or communication with respective HR manager.
Here the situation is government related and I think its a bit difficult for you to go ahead with breakage of bond. I regret you have to pay 1.5 lac incase you want to leave before the set service years.
As you the process of hiring in govt sector is not an easy task for both employer and employee, I suggest you to reconsider decision and speak to your parents first know what the solution they can offer.
All the best,
Mohit
From India, Mumbai
Dear Shital,
An organization signs a bond with an individual so that the cost of training is recovered. When any organization hires you, they give you substantial training required so that you could perform the job. This training would involve any kind of training given - classroom, extempore, seminar or lectures or whatever. They might give you technical or soft skill or communication or any training. The bonds are signed and amounts are taken (many a times in advance) to discourage individuals from hopping jobs.
However, if you could convince your management that you wish to study further and hence wish to discontinue the service, there may be a chance that they relieve you sooner and perhaps let go the amount or reduce it. However, it would be completely at the concerned authority's discretion.
From India, Mumbai
An organization signs a bond with an individual so that the cost of training is recovered. When any organization hires you, they give you substantial training required so that you could perform the job. This training would involve any kind of training given - classroom, extempore, seminar or lectures or whatever. They might give you technical or soft skill or communication or any training. The bonds are signed and amounts are taken (many a times in advance) to discourage individuals from hopping jobs.
However, if you could convince your management that you wish to study further and hence wish to discontinue the service, there may be a chance that they relieve you sooner and perhaps let go the amount or reduce it. However, it would be completely at the concerned authority's discretion.
From India, Mumbai
Hi Shital,
Not an expert on this issue. But there could be another way out for your situation. I am aware that PSUs do offer study leaves. Maybe you can go on a study leave. It is basically leave without pay, but at least you won\'t have to pay the amount of the service bond. Something you may want to explore further.
Best regards
Anand
From United States, Hanover
Not an expert on this issue. But there could be another way out for your situation. I am aware that PSUs do offer study leaves. Maybe you can go on a study leave. It is basically leave without pay, but at least you won\'t have to pay the amount of the service bond. Something you may want to explore further.
Best regards
Anand
From United States, Hanover
Dear shital,
I do not agree with your comments, that the job you joined is not the place for you. Will you keep on running form the realities through out you life.
Accept, this is the job you needed most. You can do it, relax and gather your strength and work to achieve the targets set by your self and not by others.
I remember, some one I knew resigned for the post of junior teacher form a a very reputable school. The principal asked her why did she resign, if she had a better offer. She replied that she wanted to do something with her life, and the job as junior teacher was not her destiny.
The Principal replied, well Miss if you want to do something with your life stick to one profession and you will get what you want otherwise you will be lost in the meth.
And you know the principal was very right, she stuck to the teaching profession by the time she retired she was amongst top four principles in the country.
Please understand, you work hard to achieve this job and other's failed.
It is the matter of three years only, once the mandatory period is complete, you will not only be at liberty to chose a better job but will have earned experience as well and may be you find your self satisfied with the progress.
Consider it as an apprenticeship which pays for your day to day needs and trains you as well.
Consider what I have tried to convey you, you will not be sorry in your life, And the story it is true.
From Pakistan, Lahore
I do not agree with your comments, that the job you joined is not the place for you. Will you keep on running form the realities through out you life.
Accept, this is the job you needed most. You can do it, relax and gather your strength and work to achieve the targets set by your self and not by others.
I remember, some one I knew resigned for the post of junior teacher form a a very reputable school. The principal asked her why did she resign, if she had a better offer. She replied that she wanted to do something with her life, and the job as junior teacher was not her destiny.
The Principal replied, well Miss if you want to do something with your life stick to one profession and you will get what you want otherwise you will be lost in the meth.
And you know the principal was very right, she stuck to the teaching profession by the time she retired she was amongst top four principles in the country.
Please understand, you work hard to achieve this job and other's failed.
It is the matter of three years only, once the mandatory period is complete, you will not only be at liberty to chose a better job but will have earned experience as well and may be you find your self satisfied with the progress.
Consider it as an apprenticeship which pays for your day to day needs and trains you as well.
Consider what I have tried to convey you, you will not be sorry in your life, And the story it is true.
From Pakistan, Lahore
Dear Shital,
I understand your dilemma and agony. Please try to make a smooth exit without wasting money and time from either side. Here is what I have got to say to the extend of my knowledge.
o Employment and Contract may be a moral binding but not having any legal binding.
o Look for the offer letter / contract entered between you and company which sometimes have a mention about the training and its cost incurred.
o Check the list of specialized skills which the company has imparted during the training/employment period.
o Pl figure out the quantum of amount that has been spent towards training and the loss incurred by you incase if any. May be the company.... expect you to pay for this..
Above all please consult with a lawyer on legal aspects.
Regards
Naygam
From India, Madras
I understand your dilemma and agony. Please try to make a smooth exit without wasting money and time from either side. Here is what I have got to say to the extend of my knowledge.
o Employment and Contract may be a moral binding but not having any legal binding.
o Look for the offer letter / contract entered between you and company which sometimes have a mention about the training and its cost incurred.
o Check the list of specialized skills which the company has imparted during the training/employment period.
o Pl figure out the quantum of amount that has been spent towards training and the loss incurred by you incase if any. May be the company.... expect you to pay for this..
Above all please consult with a lawyer on legal aspects.
Regards
Naygam
From India, Madras
what a grt person you are... either you have an excellent academic record and can get a better job.. or you are just running against realities of life...ask your parents and do what they suggest you
no one here will suggest you to leave your job just because your heart is not saying yes for it...
this is HR community and we never suggest you to leave job without any extreme condition
regards
taashi
From India, Delhi
no one here will suggest you to leave your job just because your heart is not saying yes for it...
this is HR community and we never suggest you to leave job without any extreme condition
regards
taashi
From India, Delhi
hi Thanks for all suggestions...
i haven't got any training yet. so there is no question that employer has invested on me & i dint gave return...
i am thinking to change as bank is so called gov job otherwise there are so much work load , leave issues.
it is not possible for me to stay out of home til late night as it happens in bank...
and it is transferable job which i dont want, wel i was knowing this earlier also but i was in misconception that gals get transfer easily but it is not that easy which i came to know after joining bank...
i am thinking for professor job after completing my master studies.... where i wil get peaceful life as wel as better job...
please suggest me how to leave bank without paying 1.5 lac as it is not even invested on me as wel as it is so big amount to pay...
From India, Ahmedabad
i haven't got any training yet. so there is no question that employer has invested on me & i dint gave return...
i am thinking to change as bank is so called gov job otherwise there are so much work load , leave issues.
it is not possible for me to stay out of home til late night as it happens in bank...
and it is transferable job which i dont want, wel i was knowing this earlier also but i was in misconception that gals get transfer easily but it is not that easy which i came to know after joining bank...
i am thinking for professor job after completing my master studies.... where i wil get peaceful life as wel as better job...
please suggest me how to leave bank without paying 1.5 lac as it is not even invested on me as wel as it is so big amount to pay...
From India, Ahmedabad
I doubt if your argument that no training is provided by the authorities. Also you mentioned that you would leave next year in middle. So by that time they would give you some sort of experience. Also do not forget that there are on-the-job training as well where they allow you to do the job and the cost they are bearing to train you in this manner is the opportunity cost. What i mean to say is obviously if you are new to doing this job, your time consumed would be more than an experienced one. hence work done is less considerably.
Although bonds are not legal in India, if you clearly read, it mentions that any bonded labor is illegal, this is in labor laws. and you are not a labor, you a skilled employee who is hired to perform skilled work and would be provided training and expected to generate results. Hence, a person leaving a job and breaking the bond is liable to pay at least the training cost quoted on your bond.
Thirdly, agreed that they might not have given you the whole of training as you said. But never forget Time is Money. They have wasted their time and efforts in recruiting you and then giving you time to adjust and perform on the job. The time is not going to come back to them. It would not have bothered if you would have rejected the offer even after the final selection process, as you have a right to accept or reject. But once you accept offer letter and then also sign a service bond you become liable for your duties and responsibility. You might put in your papers and resign in a month's time, however, the bank is not going to get a substitute in that period.
Just a piece of advice and nothing against you personally -
One needs to understand the fact that no matter how many degrees you have, unless you have a formal and professional experience, you cannot prosper. Just to give you an idea of the work culture these days, The Babu culture of strict 9-5 jobs have gone long back. People work beyond the actual office time; and no overtime is paid as now the work is shifted from time based to target and goal based. Finish your targets early and leave early or wait. Even the IT sectors, there are females who stay in the office for a couple of days when the project has to be submitted and deadlines draw nearer. When you seek equal working opportunitites you cannot also wish for discounting hours just coz you'r a female.
Either you make yourself very clear the next interview you give & inform them about your time constrains, or accept it and change your perceptions. One needs to change and modify the perceptions with changing time.
From India, Mumbai
Although bonds are not legal in India, if you clearly read, it mentions that any bonded labor is illegal, this is in labor laws. and you are not a labor, you a skilled employee who is hired to perform skilled work and would be provided training and expected to generate results. Hence, a person leaving a job and breaking the bond is liable to pay at least the training cost quoted on your bond.
Thirdly, agreed that they might not have given you the whole of training as you said. But never forget Time is Money. They have wasted their time and efforts in recruiting you and then giving you time to adjust and perform on the job. The time is not going to come back to them. It would not have bothered if you would have rejected the offer even after the final selection process, as you have a right to accept or reject. But once you accept offer letter and then also sign a service bond you become liable for your duties and responsibility. You might put in your papers and resign in a month's time, however, the bank is not going to get a substitute in that period.
Just a piece of advice and nothing against you personally -
One needs to understand the fact that no matter how many degrees you have, unless you have a formal and professional experience, you cannot prosper. Just to give you an idea of the work culture these days, The Babu culture of strict 9-5 jobs have gone long back. People work beyond the actual office time; and no overtime is paid as now the work is shifted from time based to target and goal based. Finish your targets early and leave early or wait. Even the IT sectors, there are females who stay in the office for a couple of days when the project has to be submitted and deadlines draw nearer. When you seek equal working opportunitites you cannot also wish for discounting hours just coz you'r a female.
Either you make yourself very clear the next interview you give & inform them about your time constrains, or accept it and change your perceptions. One needs to change and modify the perceptions with changing time.
From India, Mumbai
Dear Shital,
I'm sorry to say this.. you want a job like "Happy go lucky guy" syndrome and after a brief experience in the bank job U want to change to the teaching profession where U'll get any no.of leave, holidays after holidays, no accountability, only time is money not the performance. Am I correct ? Of course nowadays bank jobs are least wanted amongst beginners who come to know of the conditions there especially above the clerical cadres. If this is wat you want definitely bank job is not suited to you. You have to seek only legal remedy after submitting your resignation from the present job. And wat going to be the outcome from the litigation we have no definite prediction.
All the best.'
kumar.s.
From India, Bangalore
I'm sorry to say this.. you want a job like "Happy go lucky guy" syndrome and after a brief experience in the bank job U want to change to the teaching profession where U'll get any no.of leave, holidays after holidays, no accountability, only time is money not the performance. Am I correct ? Of course nowadays bank jobs are least wanted amongst beginners who come to know of the conditions there especially above the clerical cadres. If this is wat you want definitely bank job is not suited to you. You have to seek only legal remedy after submitting your resignation from the present job. And wat going to be the outcome from the litigation we have no definite prediction.
All the best.'
kumar.s.
From India, Bangalore
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