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Seeking advice on employment bond

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!

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Indian IT on

by U_codecolt

Accenture

Broke Employment Bond: Legal Notice from Previous Employer

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?

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Software Engineers on

by U_codecolt

Accenture

Broke Employment Bond: Legal Notice from Previous Employer

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?

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Layoffs on

by BackendBiryani

Stealth

Stuck in a situation! Please share your advices, experiences

Hey all, I could really use some advice here. I'm a software developer working in a small service-based company, and I've been here for 1.5 years. My initial contract is ending this month, and now I have to decide whether to sign another bond to stay for another year. Here's the thing: I don't want to sign the bond. I feel like it's time to explore new opportunities, but I'm also worried about the job market. I currently don't have any offers on hand. For context, I'm working in Surat and I'm open to opportunities in Hyderabad, Bangalore, Chennai, and Coimbatore. My current CTC is 2.5 LPA, and if I stay, I'll get a bump to 3.8 LPA. Should I take the risk and start applying to new jobs, or should I play it safe and stick around for another year? How hard is it to get a job in those cities right now? Any advice or experiences you can share would be greatly appreciated! Thanks!