It's not limited to someone's opinion that whether or not to go for an employment bond. It's totally your choice to opt, but before that you must know what is an employment bond and its merits, demerits and all those things.
Since an employment bond is not just a simple kind of agreement between two parties is more than that.
Employment bonds are those bonds which restricts an employee from leaving its employment, its an agreement between two parties basically legal and the power of those bonds are in the hand of the employer, for a specified period under penalty of a monetary forfeiture to the employer.
These bonds have some monetary penalty associated with the employment bonds.
According to the section 27 of the indian contract act 1972- agreement in restraint of trade is void.
This is very significant information for all the freshers and even working professionals in india.
Because some people gets trapped in situations of employment bond and then its so difficult to get out of there.
And even some people are even there who have been charged with this penalty from breaching of employment bonds.
Here are some suggestions in regard to the employment bonds
Implementation of the same would be dependent on your personal choice.
1. Do not ever sign any employment bond and opt for this opportunity
2. Never sign any legal document of employment bond otherwise company will charge you penalty if incase you breach the agreement
3. reject the offer for any employment bond whenever you receive proposals
4. If in case you had signed the legal document of employment bond with the company - and you have to resign and your resignation is not being considered, the only thing you can do while leaving the organisation (like absconding) is you can pray for not being charged with penalty.
Yes that all you can do cause you have agreed in a legal document and law can then act against your action.
And do not sign to the offer letter or give consent of your acknowledgement if you don't want to enter an employment bond.
I have no idea of what happens when you only sign an offer letter or agree to that in a formal mode of communication.
I would rather suggest not to enter to any employment bonds
When you look onto the definitions of employment bonds you'll probably see a word there 'penalty', its not a good term and refers a negative expression of the statement, thus do not enter into employment bonds.
by rejecting these offers you open a gate for your freedom of opportunities, and move step ahead in securing your career growth.
When it comes to companies charging penalty in case of breach of contract, though its not legal in india as per section 27 but companies can also charge you a penalty if incase there was training given by the company itself and some assets also been accompanied with your training, they can sue you in terms of recovering training cost or in this context. The main purpose only held for involvement of monetary penalty in case of infringement is because of company's training and time cost and extra other facilities when come into primary consideration.
DO'S
Things to make sure before entering into any employment bond.
- ask the recruiter about any related conditions with your Employment
• is there any bond? If yes is there any sum assured with that bond (ask clearly)
- ask the recruiter to mention all the details into your offer letter or pre employment offer
- ask about the job description clearly in the written format
- make sure what all you do is in the written formal communication with the company and not in oral, with respect to any issue
- take the consultations with your elder ones before taking any kind of decisions -like accepting the offer.
- talk to the respective authority of yours like college authority, management authority with whom your Employment is going to get affected, take this note on prior basis.
- in fact take the consultation with your colleague, college authorities and do not rely your decision on the blind trust of that authority or a colleague , do this in a professional manner.
- if in case of doubt whether to join or not,
Reject the offer.
- take the opinions with the industry experts and connections of your same domain.
The career growth :-
There are not only limited options left in our career life that we choosing an employment bond offer.
Learn free courses and modules, prepare for interviews and mock tests, prepare for competitive exams and improve your knowledge. Do practices amd learn as of people belonging to your same interest domain.
Take consultations and do courses.
Apply on job boards, there are various job portals where you can post your resume.
your can opt for referrals/ reference.
• So apply in campus placements
Focus on the domain and not the ctc at the initial stage of your career.
Make yourself clear regarding the job title, responsibilities and duties and all the other aspects.
And do remember where there is freedom there is growth.
Mahatma Gandhi
"Freedom is never dear at any price. It is the breath of life. What would a man not pay for living?" - Mahatma Gandhi.
Comments
Post a Comment