No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


ananyo-ananyo
2

My company is asking me to sign a bond of 2 years with them. My probation period of 6 months is about to end and now they are asking this (although nothing related to bond was mentioned in the joining letter or anywhere when I joined the company 6 months ago). I just want to know, can a company ask this at this point of time? Is it legal/ethical?
From India, Kolkata
umakanthan53
5967

Legality of employment bond insisted on by employer depends upon various factors like the nature and position of the job, duration of the bond period, the length of time and the amount of money invested by the employer to impart training, if any of to the employee, the amount of liquidated damages for breach of the bond etc.
However, since no execution of such bond was mentioned in the offer of the poster, it is for the poster to accept it or decline it in which case the employer may simply terminate his service as he happens to be a probationer.

From India, Salem
ananyo-ananyo
2

Thanks a lot for your response.
May I please ask you or anyone going thro' this thread to share here the relevant clause/acts so that I can gain a good knowledge of this. Also, if you can kindly name the clause/act (and they are available on the internet) I'll be able to study them a little bit.
Thanks in advance.

From India, Kolkata
PRABHAT RANJAN MOHANTY
535

There is nothing wrong on it. This implies that you are going to be confirmed on completion of proation.
You check whether others of your position have furnished bond or not. In many a times management can also adopt a policy to take bond from the employee whom they would recruit. On confirmation of your service a fresh appointment letter can be issued.
It is legal & ethical

From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.