You Are in Trap of "Employment Bond" 😢 Should you take a job offer with bond?
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Disclaimer: All the inputs/suggestion given are purely based on my personal experience, there is no guarantee assured of the success rate it will bring to the user, its advised that you use your own judgement to arrive at the decision, the Corporate diaries is in no way responsible for any sort of outcome or situation that viewer has landed in to.
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Ma'am I didn't sign the legal employment document which is made up from stamp papers, I said to the employer kindly please provide me copy of this bond documents so I get it checked by my lawyer, and they denied to handle or give copy of those documents to me. I think why they are not providing even xerox or photocopy of those bond documents of my name, I want those contract to be reviewed by my lawyer before signing it. Is it my right to ask for copy or e copy of bond documents before signing it ?
@@user-zb5oi1ud2h tama ka nmn jan..lahat ng kontrata dapat may kopya ka
What if company not spend money on training, and they are taking benifit of bond by making the employee to work over time, not giving hike and pressurising a lot.Our govt should take a step for such type of companies.Employees need freedom not such type of fear for conditions
And on top of it, it's night shift target based job. I might be getting myself into this coz my employer is Making me sign a bond Today I have 6 hours to decide my fate
I had same experiences from cadabams one rehabilitation in bangalore
They just exploit
They dont mention submission of document on contract paper
Orally they force you to submit document if we are not ready we must quit job without taking sallary.
Very worst company
@@namelessmonster4857 what happened later?
@@rahulsingh9966 I joined and still working from past 1 year... My friends who signed bond quite their jobs in 5-6 months
..I'm resigning on Monday my notice period will start 💯
@@namelessmonster4857 your friends paid any money to company for breaking bond in 5-6 months ?
I've come across certain companies that ask for a bond for even experienced people, even for 10+ years experience people. And no, it's not about any training or any expense spent on the employee. It's all about bonded labour or forced loyalty kind of thing such employers expect from the candidates. I suggest that candidates make a thorough research of the company, try to connect to a few people who are currently working there for atleast 6 months, before taking a decision to sign a bond and join. No matter even if you're in a desperate financial situation
Govt must take some strict actions against private sector companies/schools..because I also faced such a situation where I went for interview in school, they asked me to submit my originals for 3 months, n no training period, because I m already trained.. Like seriously.. I just said no inspite of being in dire need of job.. I said can't submit my originals to anybody, sorry!
Private sector employees need to protest.. Because these same companies who treat their employees very well in foreign, they treat employees in india like s,,!
Oh my god you are such a gem. I wish I had seen your channel earlier! I have an HR interview tomorrow and I'm learning a lot of things from you. You are very compact and crisp in your advices with no bs in between. I could just binge watch all your videos like a tv series because its so informative. Thank you so much for sharing this.
Also I could not find the video you were referring to in which you said you describe employment bonds. It would be helpful if you could pin the link in the comment section.
I did the same didn't singed bond
Because all the Job offers that I get came with bond agreements
And it's been 2 and half year and I am still unemployed 😢
Same situation
Same
Any agreement, arrangement, contract being contrary to law of natural justice, though signed by both the parties doesn’t hold any legal significance/binding.
I would request you to talk about office politics. I’ve encountered this a lot in 3 years of my corporate journey and also somehow my promotions are stuck just because manager’s favouritism to other folks in a company.
How to deal with this ??
Hello Mam', with all due respect I think you are misguiding the youth here. I worked with TCS, and I had signed a bond for 2 years like all other freshers. But the culture and learning was amazing. It is not like they have bad culture or have some issues that is why they are asking to sign a bond. They are simply asking freshers to sign a bond because they are investing huge money and time on freshers and they need to recoup their investment. No company work as a charity. Because of the learning I had in TCS, I could later get a job with huge salary and was much ahead than other classmates. These classmates were waiting for 2 years for "perfect" job which they never got.
Please understand that in a career span of 30 years, 2 years is nothing. You are asking youth to miss out on some great opportunities even before they are starting their career.
This video is something which I was needed much at this time. Thanks for your piece of advice mam.
Yeah, I would not be that much against it. I had joined TCS and TCS does make you sign a bond if you are a fresher. The bond was for Rs. 50k, which is a little less than they pay for the two-month training, so it made sense (If you are not gonna work for us, return the salary we paid you in those months). The bond was for two years. I understood what it was, I worked there for three and a half years before moving on. I would not consider my experience terrible in TCS it is quite easy to stand out. But of course, they should never do this underhanded tactic of holding one's documents. You have to see if their demands are reasonable.
bro..I got a offer from a Noida Company....but they have 1.5 year bond (Rs.1.5 Lac if resign) and they want cheque signed from me and my guardian also. Can u guide me?
Mam i have signed a bond 2 months ago but the bond is not in stamped paper and no guardian signature. Now i realised that the company culture is very bad. They gave me appointment letter 2 days ago. And they didn't spend any money on me in the training period. And they did not teach us. What should i do now? I want to leave the company😢
Thankyou mam, i didn't sign yet , but my hod , and all Head of department they said me casually that sign it , it's not a big deal, but according to my opinion what I observed , the Hr. Department rude behaviour and all I am not gonna Sign that piece of paper , where its clearly mentioned that , 5.0 L of penalty I have to pay when I leave the company before 3 years ,. Thankyou so much mam for these type of video ,..
Thank you so much 😊 you saved me.
Our Govt should crack down on such employers adopting arm-twisting tactics in the first place. Instead, they should focus on things that will motivate employees to continue for long. Although it's not accepted and signed at gun-point, someone under predicament is bound to sign for survival. It seems the job scenario is getting transformed into a bonded/slavery like situation like it existed there in the past.
Correct if we sign some docs or bond read it carefully so you will not be suprised because you this what you have already done..
" You didn't sign the contract @gunpoint" Are you serious right now? EVERY BIT OF THAT NARRATIVE OF YOURS IS DEBATABLE in court any time of the day.
I would like to know if I can get enough opportunities without bond with 11 months internship + 10 months fulltime experience in Python, SQL, Javascript, Docker.
is this an Indian issue ? has someone forgotten definition of Slavery ? So If you are not allow you to quit via an agreement ---- Be lazy utterly careless to misereble in duties ...to the point they have no choice but to fire you ?
I think it's high time companies understand the employee's terms and do not dominate them to work under bond terms. I agree that it's done for the welfare of the company security but come on, if you gonna get the bonds and then exploit that employee with shifts and over time while giving toxic environment how is that beneficial to the employee? And what is that an indirect punishment into the cocoon of saying that this is your training period? And which company provides you with the facility evaluation before joining them? As saying o please feel free to see our toxic environment or our managers. Companies' loss is a privilege but the employee's mental health loss and physical fatigue aren't ever considered a loss? I feel you should be more liberal with the employee rights as well while speaking/saying that nobody told you to sign the bond on gunpoint. We all are aware that today's generation as well as the people in India are facing job issues. Alot of unemployment has been seen. What source do you think every person has other than joining some firm or starting their own business? Do you really feel that the person from such toxic environment is happy enough to work just to get their monthly salary? Everyone needs money to survive. Govt and companies know this fact. Hence the exploitation has been done from ages. Do you even know why most of the youth who are at least capable enough to stand out financially and have support from their families are opening their own businesses. And why just bcoz of the nonsense policy companies are claiming in their subsidized way that this all is the social security aspects provided to the employees. That's crap !
Yes but i this employer need to quantify that amount which he is asking as per bond and if employer fails to quantify amount so there won't be any need to pat bond amount
Sir its been 3 months ive joined a BPO (MNC) company it has 1 yr bond, PF is also created, now i want to join other MNC, when i asked my company that I'm resigning they told they will keep me in "abscond"
1) Should I tell other company about my current job/not in interview
2) I've heard that companies terminate if they find in bgc.
3) please guide me with complete procedure and let me know if there is anything that i should know.
Really worried about my career please help
Thank you.
You don't really have a choice a choice as most companies are asking to sign bonds.
Mam I did sign a bond with Hcl and the training Tss program before joining the company was paid.Now after working for 1.5 years I left as they have not given appraisal upto mark and I was finding hard to manage my bread and butter in that amount. Now after 3 months they are sending me demand notice to pay amount of 1lakh which i am not able to pay as i could not even earn that after working with them for 1.5 year !!! Please guide and help
Even I'm stuck in the same situation. I've got an offer from product based company. I can't lose such opportunity. I'm ready to pay the amount to the company. Still my company is not accepting the resignation. What should I do?.
Wt did u do ..? Iam in same situation now
What had you done bro??
@@shyamkishan2326 I paid the bond amount and got my relieving
Hi mam,
Can previous employer know where the candidate working now, Can they create a issue in current company?
Well sorted points.
One of company want money to make a sign on bond? Is it correct
Mam recently I completed my MBA from vaagdevi College of engineering. I want to start research on starategic mgrt then can you explain about phd after mba
Hai Mam,
I am an MBA aspirant in HR and marketing and had worked in education sector for 2 years. Took a career break for about 5 years... Now I'm thinking of restarting my professional career... I would like to do a online certificate course in psychology from a reputed institution where they also provide placement. Can you please help me in finding such institutions... Or help me out in restarting my career.....
I sign bond and now I live this job
This video is inverse of older 🎥video
That's a good observation Govind, the whole purpose of this video is to align the mindset, my older video was to help and ease people who are stuck in this bond situation, but people started taking things casually thinking its okay to sign bond casually, anyway we have a way out... this is not a correct approach... even if companies are wrong at their part, we should be responsible in decision making..
I got an offer as fresher with 3 year bond 2LPA..im 2019 passed out..should i go for it?..plsss replyyy...
Please make a video on notice period buyout options and challnges made by companies
My employer is not letting me go even thought iam ready buyout notice as per the agreement
Can one get a consultant job after BTech as a fresher?
Gd afternoon madam
I am appointment as Director in one foreign company.
I am searching for job in MNC'S,my Directorship in Foreign company any effect madam?
Thanks in advance madam
Mam pls advice if company first spent money on training/course for employee and then asked for signing bond agreement after courses done, if employee denies to sign bond. can company claim expenses spend on training&course for employee in court? or can take any legal action from company to employee?
Thak you your video really help me about sign bond or not thanks again.
Mam can u name some company which allow 2 year gap ??and like which companies dont ?? for nit cs brach students. How difficult gonna be it for me
Apka 2 yr hai bas mere 6 yr.
Hi mam
I was working in company X
And absconded from company
After 3 months due to heavy work pressure and bad politics in office
After 10 days HR sent me mail stating that u Need to pay money of 1 lakh because of training fees according to offer letter
But I haven’t signed any employee ment bond nor I have pf esi account .
Will they take any action in future mam?
Did you sign any offer letter??
Ma'm i had an interview with a company and they asked for a 50000/- check and one year bond. I dont have a problem for the bond but any suggestion for the check?? Please do reply
@Corporate Diaries Mam if i had signed a bond of 2 years.Did i get hike in my salary in between 2 years or i have to work for the same package for two years please reply mam ??
It depends if it is a good company u will get hike
But jholchap no chance
for me, when i joined company, initially they said there's no bound, if u want to leave then you need to survive 3mos noticed period. they have given 2 months training without payment, and after that our emploment started only after we deployed to clients project after giving interview and mocks.
I've started working for client after 2mos training, i asked my offer letter/joining letter. company mangar said you go and work with client and we will send u j offer letter.
without offer letter i started working.
after 6months they sent offer letter and asked to to sign. i noticed that they kept 3 years of bond, if we break then need to pay 3lakh.
so i didn't signed and said change this, initially you said no bond and now you saying 3 years.
it's been 1 year they still not updated and i have not signed bond. but i have worked with client 1 year.
now can i leave without paying?
can you please help how can i get my experience letter and relieving letter from this company.?
Now u left company?
@@PJ-im3ss yes
@@MrAkshayprakash now where u are working bro?or looking for job
@@PJ-im3ss FIS Global
If i work for 1.5 years and leave job in 2 year bond for higher studies, should i pay full amount or there will be reduction in bond amount?
Hi Cooperate Diaries team,
could you please help me by answering small quires? i have one question regarding the notice period. Recently , I got one offer in of the reputed organization and immediately i resigned in my current employer on time. But, there is no happy for that because my current employer is not releveling me even i am serving notice period 60 days completely and my manager has extended my notice period to 15 days more for unnecessary reason. I am contract to hire for one of Big MNC company through consultancy. I dint know where it got mistake to inform about my resignation to my reporting manager by parent company. Manager simply saying that i didn't received any information about your resignation from your parent company so, your notice period will count when i received from your parent company. It will not count when you resigned on day. I was in a situation that I am suffering between two companies about my reliving and I have promised my DOJ to my next organization already.
Please let me know below quires:
1. is notice extension possible anywise in IT industry even serving complete notice period?
2. is there any possible of extension DOJ in my new organization by requesting them?
3. how to handle this situation even i didn't do any mistake from my side from starting of my resignation process ?
Dear, here are your answers :
1. No, companies have no right to extend the relieving beyond notice period time, in your case your manager is playing on the name of "parent company" because ideally you should have sent resignation to both companies on Same day, but it's not a big deal, your manager is just trying to make you feel miserable..
2. Yes, absolutely you can request an extension of 15 days from your next company, show them some proof(email etc.) where your current manager is not ready to release you even after 60 days, and tell them that if you leave without proper exit, you will not get your experience letter... They will understand don't worry, 15 days is not a big deal, it happens all the time.
3. The way to handle this is, be calm and professional at your current job as you would need a proper closure so that you can get experience letter and request your next company to extend the DOJ by 15days..
It's really sad that some people just use their position to make others feel miserable... Don't worry, you are not alone, these kind of mangers are found everywhere, just talk to your next company... They will consider it... All the best, hope you get out of it soon...
@@theCorporateDiaries Thank you very much for quick response and it helped a lot. i got some clarity on this and will ask again my parent company to release on date(its all based on my reporting manager in client side) other wise I will ask new organization to extend my joining date for 15 days.
one last query, in how many days do i need to contact my next organization for asking advance dates? actually i have completed 1 month of notice period and 29 days left to join in the organization.
shall i ask now or prior to 10 days of DOJ?Please advise!
Thank you ma'am, please clear my confusion ma'am, today I have given interview with Accenture, and I have 2yrs of gap after my graduation and In interview I told recruiter that I have helped my father with his business which I really did and later I told him that I thought of helping him at the initial stage and now I'm focusing to build my career, and now I need a job immediately, but will he think business people are rich and won't give me a job or will he consider that as my skill that I can develop businesses and can do multi tasking to give me a job
Please tell me ma'am 🙏🙏🙏
Dear Satish, neither they think that business people are rich, nor they need a "multi-tasking" person, they only need a person who is good at the skills they are looking for, if you are good at that, and proved the same during interview, then rest of the things doesn't matter..
@@theCorporateDiaries Ok ma'am thank you for clarifying my doubt 🙌☺️
my company is asking me to submit a check of 50000 INR, please help
Have you paid them ?
please reply read my situation
I have signed bond on stamped paper and joined on 2nd february 2023, but i still didn't give Any cheque as of now.
Neither I received offer letter from company, nor salary, no laptop no accessories, they didn't even give offer letter yet they said when you submit signed cheque then we will give first salary and offer letter
Now want to leave it, I don't want exp letter or relieving letter, or even salary of 1 month
So what can happen in this situation ?
Nothing they are just fooling you.....dont reply....look out new job...
Mam what is maximum criteria for intermediate while facing campus placements mam
Can employee get copy of the bond agreement signed with employee
plz mam reply plz. mam i am a jee aspirant but failed due to health reason for 3 months. I am in doubt of whether should i double drop or not?my parents suggests me to pursue bsc and prepare cgl but i want to study engineering i am confident that if i give my 100% this time i can get top nits cse but i have seen many people saying that most of companies will not consider me for placements as i am double dropper in jee .and my age is also 20 right now so i will not be shortlised for intership also .is it true?.should i give it one more chance by double dropping or follow my parents .my jee percentile 2021-95.32.plz reply mam plz plz
Dear, I don't know why you said "failed", you have good percentile plus great attitude of dedication and hard work, with this score you can get admission in many engineering colleges, not the top most, but still good enough.. and from day one start working on your skills, that way you will get placements plus you can get great off campus jobs as well, there is very less competition in off campus for people who are good technically.. this way your parents will be happy too as you are not dropping out one more year..
Now to answer your question of gap: Yes it true that most companies who visit campus doesn't allow much gap.
Can one get a job as project/product/program manager as a fresher?
You can start in these fields if you are from IIMs and once you are 3 yrs exp in project management then apply for PMP certification to be a Project Manager...
Rest of the 2 needs lot of exp.
@@theCorporateDiaries I am not from IIM
Hi mam recently I joined in one company by signing bond of 2 years later i came to know that company has no projects since last 2 years. Now i am planning to abscond from company if i do that will company proceed legally mam? Please give me your suggestions mam
wht was the name of company
Do companies asks employees to sign indemnity bond by getting it stamped also ?
What is indemnity bond ?
Bond is including notice period or excluding notice period madam?
That depends on the T&C that the company has set, most companies treat it excluding notice.
Mam what if company will terminate employee in bond period, still employee need to pay bond amound?
Dear Sumant, if the company fires, then employee do not have to pay anything.
Mam is it safe to give a scanned copy of original certificates to company ?
Yes, thats safe..
Hope ur good health and cheer mam, yes we have to take responsibility of our action. Wish the best too u mam.
Hi Madam,
I have signed bond of three times of my CTC while accepting offer of front organization.
But now don't want to join this organization (My current organization is not leaving me).
So I protect prior actions
Dear, if you do not want to join, then please do'n't Ideally such offers are a trap, a bond of 3XCTC is such a indicator that company do not have good culture, otherwise they do not need these much bonds.. Just send them an email saying you can't join.
Anyways, the bond starts only when you join.. so do not worry.
If I signed a bond and leave the company before the training starts?? Will they go to legal way?? Or letting me go??
@corporatediaries mam please reply this, same doubt
Bro what happened after you had absconded? Have you signed the bond on stamp paper physically? Tell me bro even I have absconded from a company they mentioned in appointment letter if I leave with in one year I have to pay 49k training fees..
sir agar koi hamare reference se koi join krta hai kisi company me aur wo bond break krta hai to isme hame kya problem ho skti hai?
please sir reply fast urgent
Dear Vijay, it should not be a problem to the person who referred.. because reference doesn't mean any guarantee of performance or stay.. so do not worry and even if someone asks you, just say no one can guarantee a person's future plans..
@@theCorporateDiaries thank you so much
@@theCorporateDiaries pagli
What I do 😭
Mam. I signed the bond but they are not giving offer letter . They are telling will give once i joined. I told them i cant join without the offer letter. I am joining other company . can the company still take action because i signed the bond.
mam why you have deleted /privatised the video of detailed video of employment bond?please available this video
Mam if I want to go for higher studies in the middle of the bond period will that be a barrier for me? and if I pay back the amount will they give me experience letter?
Dear, if you pay back, there will not be any issue..
@@theCorporateDiaries will they give experience letter mam?
@@ramya5463 Yes, they will..
Mam Hindi mein bnao aap video please... 🙏🏻
View km hai kyonki english jyada झाड़ दी दीदी ने
Hello Mam, I absconded from MNC company. They terminated me and asking me to pay 1 lakh in 7 days. Please tell me any solution
Don't reply to them start as fresher again
I have placed in a company from new mumbai
It's ctc is 3.6 lakh
But bond is of 3 year with 3 lakh that's why I am confused
As I am fresher what I have to do
Don't go...its lesser for 3bonds if they don't mention hikes in salary...dont u think so
which company and role?? I live in navi mumbai
ohhhh
Dear Madam could you please make a video on non compete agreement?is it legal in India?
Dear, any agreement that you have signed with free will (means no one forced you), is legal..
@@theCorporateDiaries ok Madam, then is it possible for employee to case against the company after joining the competitor company and win the case?