Hi,
I have recently join an organization. I have a clause in my offer letter which states that I need to pay a certain sum of money if I leave the organization within a period of 1 year because the company invests time and money on my training. There is another clause in the appointment letter that I have a probationary period of 3 months to become a confirmed employee.If i resign within this period I have to serve 15 days of notice period.
My question is if I leave the organization within a month from my joining due to unforeseen situation(Family transfer, Health issues etc) and not even wait for my confirmation period of 3 months, do i need to pay the bond money.
From India, Pune
I have recently join an organization. I have a clause in my offer letter which states that I need to pay a certain sum of money if I leave the organization within a period of 1 year because the company invests time and money on my training. There is another clause in the appointment letter that I have a probationary period of 3 months to become a confirmed employee.If i resign within this period I have to serve 15 days of notice period.
My question is if I leave the organization within a month from my joining due to unforeseen situation(Family transfer, Health issues etc) and not even wait for my confirmation period of 3 months, do i need to pay the bond money.
From India, Pune
The Employer has appointed you in good faith and they might have spent some notional costs directly or indirectly. An employee give returns to the employer after a certain period by way of productivity. Till such time, employer invest money on the human assets. Leaving an organisation for genuine reason is acceptable, e.g., prolonged health issues and the employer may accept your request based on merits. Leaving a org. for family transfer may not be a right cause for resignation as we have no bounds in the competitive world.
Present your case appropriately to your employer for solution.
Pon
From India, Lucknow
604Present your case appropriately to your employer for solution.
Pon
From India, Lucknow
No friends, this kind of bond is not legal. Bond can only be get signed if either the person has been hired on campus recruitment or the hired person will be given any special kind of training for which company will have to spend money apart from regular. As far as Probation period is concerned, this stands and this is usual practice of corporate sector.
Dhananjay Sinha.
9910869743.
From India, Delhi
Dhananjay Sinha.
9910869743.
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Offer letter.pdf
Sample Internship Offer Letter.doc
Offer acceptance letter.zip