Hello Seniors,
I got an oppurtunity as HR.Executive in Gland Pharma(Pharma Industry), located in Hyderabad. But the thing is that the management is asking for bond of 3 years. I this good one? I have asked for at least 2 years. But they accept. And the pay would be Rs.5000 for the 1st year,6000 for the 2nd year and 7000 for the 3rd year. What would be my career growth in these 3 years? Would this be the better oppurtunity? Please help in this regards. Looking for the quick responses.
Thanks in advance,
Murali :?:
From India, Hyderabad
I got an oppurtunity as HR.Executive in Gland Pharma(Pharma Industry), located in Hyderabad. But the thing is that the management is asking for bond of 3 years. I this good one? I have asked for at least 2 years. But they accept. And the pay would be Rs.5000 for the 1st year,6000 for the 2nd year and 7000 for the 3rd year. What would be my career growth in these 3 years? Would this be the better oppurtunity? Please help in this regards. Looking for the quick responses.
Thanks in advance,
Murali :?:
From India, Hyderabad
Hi Murali Krishna,
Writting 3 years bond is not a joke, were in salary is already fixed for the full three year service, My god, I wonder abt the company initiating these kind of procedures, :shock:
I understand as a fresher every body needs a break but for this you need not put your career for 3 years in the hands of the company, what if you are going to get a good oppurtunity inbetween with the good pay,
I suggest you to write a bond for not less than 1 or 1.5 years not more than this.
Regards
Srilatha
From India, Hyderabad
9Writting 3 years bond is not a joke, were in salary is already fixed for the full three year service, My god, I wonder abt the company initiating these kind of procedures, :shock:
I understand as a fresher every body needs a break but for this you need not put your career for 3 years in the hands of the company, what if you are going to get a good oppurtunity inbetween with the good pay,
I suggest you to write a bond for not less than 1 or 1.5 years not more than this.
Regards
Srilatha
From India, Hyderabad
3 yrs for 5K, 6K and 7K??? There's got to be something really wrong with the company for excuses to come up with such 'bonds'!!! Murali - be ambitious and aim at increasing your salary exponentially!!! 3 yr bond for increasing your salary by a thousand every year... that's even less than a 30% hike a year!! What a joke! You've got better things to do buddy! Good luck!
From India
From India
Hi Murali,,
All my HR friends are very much true.. how can you sign a bond of 3 yrs at such a poor salary and growth.. yes definitely we all know there is lots of problem as a fresher,, but anyways don't do the same but yes you can ask for 1year or maximum 1.5 yrs but not more than that.
Regards,
Amit Seth.
From India, Ahmadabad
All my HR friends are very much true.. how can you sign a bond of 3 yrs at such a poor salary and growth.. yes definitely we all know there is lots of problem as a fresher,, but anyways don't do the same but yes you can ask for 1year or maximum 1.5 yrs but not more than that.
Regards,
Amit Seth.
From India, Ahmadabad
hi Murali
It's not worth signing a bond with the company, where they have already decided your salary hikes thousand per annum, which is ridiculous.
your salary hike would depend on your performance, it cant be fixed every year, dont sign the bond for more than six months...
I wish you all the very best, am sure you would get better opportunities than this in near future
thanks
jaweed
From India, Hyderabad
It's not worth signing a bond with the company, where they have already decided your salary hikes thousand per annum, which is ridiculous.
your salary hike would depend on your performance, it cant be fixed every year, dont sign the bond for more than six months...
I wish you all the very best, am sure you would get better opportunities than this in near future
thanks
jaweed
From India, Hyderabad
Hi Murali,
I think you should not sign this kind of bond where your salary is already decided for next three years,
I think salary should depend upon your performance, to start up with 5k as a fresher is not a bad deal even I have started with the same amount, but then only 1000/- as an increment is a bad deal, so best way ask for 1-1.5 years bond else simply reject.
Anyways Good things come to those who wait. Better things come to those who try.
Your mind is like a garden. Tend it well by filling it with positive & encouraging thoughts throughout your life.
All the best
Regards,
Bhavana.
From India, Mumbai
I think you should not sign this kind of bond where your salary is already decided for next three years,
I think salary should depend upon your performance, to start up with 5k as a fresher is not a bad deal even I have started with the same amount, but then only 1000/- as an increment is a bad deal, so best way ask for 1-1.5 years bond else simply reject.
Anyways Good things come to those who wait. Better things come to those who try.
Your mind is like a garden. Tend it well by filling it with positive & encouraging thoughts throughout your life.
All the best
Regards,
Bhavana.
From India, Mumbai
Hi Murali,
My suggestion is that you should not go for this offer. It's really strange how a company can offer such harsh terms & conditions! God!!! It really seems that something is wrong with the company.Three year bond is not a joke & the strange fact is that they have already fixed your salary for the coming years just like that! Lot many other opportunities are there, you may find a good job. All the best!
Regards,
Kshama
From India, Mumbai
My suggestion is that you should not go for this offer. It's really strange how a company can offer such harsh terms & conditions! God!!! It really seems that something is wrong with the company.Three year bond is not a joke & the strange fact is that they have already fixed your salary for the coming years just like that! Lot many other opportunities are there, you may find a good job. All the best!
Regards,
Kshama
From India, Mumbai
Dear Murali,
Don't mind but these are my personal opinions and a bit of otherwise and contracdictory from the opinion others have provided.
If you have been hanging out wasting time for more than a year, the offer is not bad. But the thing to be kept in mind is the salary escalation part of it. You can agree to sign the bond but request the mention of salary fixation for one year and for the future two years minmum to be mentioned but amendable based on performance. This shall leave the management with an opinion and an opportunity about your ability to perform.
Still further, after completion of one year if the management is not able to recognize or reward your performance (which shall be evident to you after 1 year), you can request to be relieved.
Even still, no bond, other than on the stamp order of the court is valid and still further employees cannot be held by any such bond, and labour tribunal shall look for the benefit of employee but though this move shall not be correct professionally and ethically (you can search bond in this forum and get an answer).
BEST OF LUCK!
From India, Panipat
Don't mind but these are my personal opinions and a bit of otherwise and contracdictory from the opinion others have provided.
If you have been hanging out wasting time for more than a year, the offer is not bad. But the thing to be kept in mind is the salary escalation part of it. You can agree to sign the bond but request the mention of salary fixation for one year and for the future two years minmum to be mentioned but amendable based on performance. This shall leave the management with an opinion and an opportunity about your ability to perform.
Still further, after completion of one year if the management is not able to recognize or reward your performance (which shall be evident to you after 1 year), you can request to be relieved.
Even still, no bond, other than on the stamp order of the court is valid and still further employees cannot be held by any such bond, and labour tribunal shall look for the benefit of employee but though this move shall not be correct professionally and ethically (you can search bond in this forum and get an answer).
BEST OF LUCK!
From India, Panipat
Hi Murali, Pls. don’t accept this offer. Signing a bond for three years, & that too when the salary is fixed for 3 years is foolishness.
From India, Hyderabad
From India, Hyderabad
Hi Murali,
First of all, let me congratulate you for getting the offer. If a pharmaceutical company like Gland Pharma is offering that kind of salaray, one can easily imagine the fate of salaries in other not so prominent companies. Accepting the bond or not is entirely upto you depending on your confidence and knowledge levels. At entry level, these kind of things happen and if you are confident enough to get a much more lucrative offer, then you can forget this offer. If you want to learn forgetting the salary part, then you can accept the offer and search for some other good job after sometime if you feel like doing so. It depends on the clauses the company incorporates in the bond and with the help of some legal advise, you can always dishonor the bond legally by virtue of payment or otherwise depending on clauses in the bond. Hence, unless and until you are clear about clauses in the bond, please do not accept it.
In addition, you are still a fresher and you have not mentioned how much percentage of marks you have got and from which institute you have passed out. If you are from one of those elite institutes many companies might have offered you a 5 figure salary straightaway even without a bond. As you are not, you are being offered low salary which is quite reasonable by any standards as any company may not be interested initially to invest more on you without knowing how you would perform. If you are performing well as per their expectations, then there is every chance of enhancing your salary and moreover your bargaining capacity and confidence levels will increase subsequently. So if you are confident that you can perform well then you can accept the offer and start proving your calibre.
Goodluck!
PRADEEP
From India, Hyderabad
First of all, let me congratulate you for getting the offer. If a pharmaceutical company like Gland Pharma is offering that kind of salaray, one can easily imagine the fate of salaries in other not so prominent companies. Accepting the bond or not is entirely upto you depending on your confidence and knowledge levels. At entry level, these kind of things happen and if you are confident enough to get a much more lucrative offer, then you can forget this offer. If you want to learn forgetting the salary part, then you can accept the offer and search for some other good job after sometime if you feel like doing so. It depends on the clauses the company incorporates in the bond and with the help of some legal advise, you can always dishonor the bond legally by virtue of payment or otherwise depending on clauses in the bond. Hence, unless and until you are clear about clauses in the bond, please do not accept it.
In addition, you are still a fresher and you have not mentioned how much percentage of marks you have got and from which institute you have passed out. If you are from one of those elite institutes many companies might have offered you a 5 figure salary straightaway even without a bond. As you are not, you are being offered low salary which is quite reasonable by any standards as any company may not be interested initially to invest more on you without knowing how you would perform. If you are performing well as per their expectations, then there is every chance of enhancing your salary and moreover your bargaining capacity and confidence levels will increase subsequently. So if you are confident that you can perform well then you can accept the offer and start proving your calibre.
Goodluck!
PRADEEP
From India, Hyderabad
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