Dear Sir n friends,
I got a job where I have to sign up Rs.1 Lakhs bond(2 yrs) and my father has to be guarantor.My joining date 01-04-2010.Joining date can't be extended.Company is good but not like TCS,CTS & IBM.
Now I have a possibility to get chance in TCS also but that may be mid-end of April 2010.
I really cant sleep for last 2 days.My brain has got stuck.What a dilemma...
Hope to hear you very soon.
From India, Haora
I got a job where I have to sign up Rs.1 Lakhs bond(2 yrs) and my father has to be guarantor.My joining date 01-04-2010.Joining date can't be extended.Company is good but not like TCS,CTS & IBM.
Now I have a possibility to get chance in TCS also but that may be mid-end of April 2010.
- In dis situation what should I do?
- Should I join and leave TCS?
- Should I go for bond and if get in TCS,leave the company within 1 month?
- Do I need to pay the bond amount?
- Is there any way to avoid this bond?
- If I don't pay what would be impact in career and towards my retired father?
- Is there any chance that the company will go for litigation?
I really cant sleep for last 2 days.My brain has got stuck.What a dilemma...
Please advice the best possible way out.
Hope to hear you very soon.
From India, Haora
Dear Mr.Sudeep,
When you are confident in getting a job in TCS in the mid April and this company is not comparable with TCS why you are thinking better to wait till April.
Once you signed a bond some how they won't allow you to leave the company with out paying the amount as you have agreed and signed hence better not to join.
Even though you don't want the relieving and experience certificate it will be difficult to work there in other company because it becomes double employment. If these people came to know that you are working there with out obtaining relieving letter they may send a notice to those people then you will be in trouble hence better to choose any one. However we can suggest you but you are the person to take a call.
Regards - kameswarao
From India, Hyderabad
30When you are confident in getting a job in TCS in the mid April and this company is not comparable with TCS why you are thinking better to wait till April.
Once you signed a bond some how they won't allow you to leave the company with out paying the amount as you have agreed and signed hence better not to join.
Even though you don't want the relieving and experience certificate it will be difficult to work there in other company because it becomes double employment. If these people came to know that you are working there with out obtaining relieving letter they may send a notice to those people then you will be in trouble hence better to choose any one. However we can suggest you but you are the person to take a call.
Regards - kameswarao
From India, Hyderabad
Hi,
Please do sleep. It is not a matter worth losing sleep about.
a) Please show this bond copy ( if available ) to a legal professional.
b) If it is not possible to get a copy then ascertain in the discussions as to what type of bond is this. If the bond is for sending you abroad for a training/ a separate training center where actually the services of a senior professsional will be deployed to develop certain skills in you then any violation of this bond will lead you to a definite litigation. You have to pay the amount and there is no way you can avoid this bond.
c) If you are joining as a trainee in this new company and the company says that they will train you for one year before taking you on a regular employment with a designation, then to recover the cost of this training by bond, is not tenable in the law. You may clearly indicate that you are not willing to work on bond.
d) Joining TCS or any other company is your choice. But leaving any company within one month of joining for a branded company does not sound professional and proper.
e) If your chances of getting in TCS are better, then see if you could postpone the date of joining this company by some more time.
kind regards
Dayanand L Guddin
From Singapore, Singapore
Please do sleep. It is not a matter worth losing sleep about.
a) Please show this bond copy ( if available ) to a legal professional.
b) If it is not possible to get a copy then ascertain in the discussions as to what type of bond is this. If the bond is for sending you abroad for a training/ a separate training center where actually the services of a senior professsional will be deployed to develop certain skills in you then any violation of this bond will lead you to a definite litigation. You have to pay the amount and there is no way you can avoid this bond.
c) If you are joining as a trainee in this new company and the company says that they will train you for one year before taking you on a regular employment with a designation, then to recover the cost of this training by bond, is not tenable in the law. You may clearly indicate that you are not willing to work on bond.
d) Joining TCS or any other company is your choice. But leaving any company within one month of joining for a branded company does not sound professional and proper.
e) If your chances of getting in TCS are better, then see if you could postpone the date of joining this company by some more time.
kind regards
Dayanand L Guddin
From Singapore, Singapore
hi sudip,
let's hope you get the TCS job. if, however, you join the first company and leave midstream, you might get into a financial and legal mess. yes you may be tied to the company (your certificates and cheque or any mode of payment in lieu of the settlement will be with them).
you can talk to the company about not signing the bond and any other alternative course. if they don't agree about the bond thing, then don't join them. we don't know where you are put up, but the market is opening up well and jobs are aplenty. be patient and don't rush in to this mess.
all the best
From India, Madras
let's hope you get the TCS job. if, however, you join the first company and leave midstream, you might get into a financial and legal mess. yes you may be tied to the company (your certificates and cheque or any mode of payment in lieu of the settlement will be with them).
you can talk to the company about not signing the bond and any other alternative course. if they don't agree about the bond thing, then don't join them. we don't know where you are put up, but the market is opening up well and jobs are aplenty. be patient and don't rush in to this mess.
all the best
From India, Madras
Dear as u have signed the bond u need to pay the amount mentioned in the bond if u leve d company b4 mentioned period that is clear if u dnt tell them & leave the company they can go for litigation or u can ask sm1 indirectly by giving eg.of any of your friend & find a solution & remeber sudip evry problem has a solution
From India, Mumbai
From India, Mumbai
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