I'm a lawyer, and technically, no 
  
 But the company can claim "payback" in the form of work for money spent on training you

And how to skip that?? Like if it about notice period that ok ?? But they ask to pay fine ?

Learning And Development

I can have a look at the contract and give you a more accurate answer, if you like

Lawyer

+1. I have a colleague who has 2.5 years bond. Is this still legal?

On the face of it, no, but it really depends on how the Agreement is structured. Bonds, etc, are not valid in India but the company can claim "payback" in the form of money or work for money spent on training you

Communication

Not legal! Leave whenever you want (try making up a medical excuse when you resign)

Marketing Manager

Software Engineer

Is 18 months employment bonds valid in India ??

Welcome to Business Roles's Private Community

Employment bonds

Employment bonds- Grapevine

Welcome to Office Gossip's Private Community

Does anyone else feels that whichever company gets the certification of "great place to work" actually turns out to be a shitty toxic place? 

The irony of this!! The places which didn't bother about such certifications were so much better in their policies and employee first culture. No fucks given to any external validation.. just casually going about their business and letting the employees become their ambassador for postive word of mouth.

Companies certified "great place to work"

When a metric becomes a target, it ceases to be a good metric.

Founder

Growth Manager

Welcome to IT Company Discussion's Private Community

Does any company do court case on breaking of employment bond? and what is the validity of an employment bond

Employment bond

Software Developer

Saw this post on reddit,couldn't see any legit advice .what do you guys think should be done?

Business Analyst

Welcome to Software Engineers's Private Community

Back in 2021, I joined a small company as a fresher with a promised CTC of 3.2 LPA and a 3-year bond. However, after joining, I discovered the actual base pay was only 1.8 LPA, and my monthly salary was just 10,500₹. So, after five months, I broke the bond and joined Accenture. 

Now, almost three years later, the previous company's advocates are sending me notices demanding 3 lakh rupees as bond repayment, and I even received a notice from the civil court yesterday. 

I'm not sure what to do next. 
Do you think this will affect my future job prospects? 

I have records of that company in my PF account, but I don't consider it as part of my work experience. 

Do you think future employers will ask for documentation for all companies listed in my PF records?

Broke Employment Bond: Legal Notice from Previous Employer

Hello everyone,

I'm reaching out for advice on a challenging situation I'm facing regarding my employment bond. Here's what happened:

During my college placement, I was selected by a company for a developer role with a promised CTC of 3 LPA. Two days later, I was called to their office where the HR informed me that the CTC was "up to" 3 LPA, not exactly 3 LPA. Despite this, I accepted the offer and signed a bond for two years (including a six-month internship), also providing a cheque for 1 Lac as a security deposit.

Now, as my internship is nearing completion, there's a final review meeting scheduled where they will restructure the CTC. During my internship, I learned from existing employees that the company is notorious for poor salary growth and minimal hikes. I feel trapped by the "up to" scheme and am worried about my future with this company.

I'm seeking advice on how to navigate this situation and, if possible, save my 1 Lac cheque. Any suggestions or insights would be greatly appreciated.

Thank you in advance for your help!

Seeking advice on employment bond

I have employment bond of 1 year, I just completed 2 months here and I’m not liking the old technology (80’s technology) I’ve been assigned here. The salary is hardly sufficient to lead a basic life too. 
I'm getting calls from Naukri for Java backend roles where I could see myself in the future. 

How do I handle notice period of 3 months if I get an offer and do I really have to pay them 1 lakh as penalty if I leave ?

System Engineer

Welcome to Indian Startups's Private Community

Some context.
Worked at an early stage startup around 1.5 years ago. This startup works in the Computer Vision space and does a lot of experiments(no direction at all, will take some project from some fintech company one day, some project from healthcare, and then some project from some random company, basically these go nowhere), I worked with one of the projects that involved document processing and it got some revenue.

At my last day, I was made to sign some agreement which included non compete.

1.5 hears later, today, I’ve joined a startup that works in FinTech domain and has been doing pretty good, and they sent a BGV check to my previous employer, and those guys are saying they won’t do BGV and that I’m violating the non compete agreement. They think entire world is their competitor, honestly, they’re nothing and no one even gives a fuck about their existence.

What can I do here?

My ex-employer is messing up my background verification

Machine Learning Engineer

One of my friends, who is highly talented and an adept competitive programmer, recently received an offer from "Tech Mahindra" with a package of 3.25 LPA and a 2.5-year service bond. Given the current tough economic climate, should he accept this offer or wait and prepare for better opportunities? Additionally, if anyone can refer him to opportunities in their current company, it would be greatly appreciated. Thanks for your help and insights!

Seeking Advise !!!

Back in 2021, I joined a small company as a fresher with a promised CTC of 3.2 LPA and a 3-year bond. However, after joining, I discovered the actual base pay was only 1.8 LPA, and my monthly salary was just 10,500₹. So, after five months, I broke the bond and joined Accenture as a fresher. 

Now, almost three years later, the previous company's advocates are sending me notices demanding 3 lakh rupees as bond repayment, and I even received a notice from the court yesterday. 

I'm not sure what to do next. 
Do you think this will affect my future job prospects? 

I have records of that company in my PF account, but I don't consider it as part of my work experience. 

Do you think future employers will ask for documentation for all companies listed in my PF records?

Hi to all the working professionals,
Kindly help me with some advice.
I am currently working in a Fintech company(IT) for last 2 years. The work environment here is quite toxic and I am under a bond which ends after 6 more months. But now I feel the water has crossed the line and I am not able to bear the toxicity and pressure. I can't pay the bond amount but rather I can't even stay here anymore. 
I am thinking of absconding them.
Will it really affect my career and will getting jobs get difficult? Considering I have a good skill set.

Does absconding hamer job search and career?

I have joined Capgemini on dec 2022 and I have resigned on 16April 2024, my last working date is 18April 2024. Will there be any amount i need to pay to company after completing 18months including notice period and still can i get experience letter and reliving letter.

Capgemini Bond

I was wondering if a person with 12 years and above experience in a manager position with a consulting firm or a product manager in a product firm should opt for an Executive MBA? 

Will it add more finesse to the person's career skills or is it just for the sake of a tag?

Employment bonds

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