Bond Signing and demanding a cheque equals 2 months salary - join?

pallavidas01

One of my friend has recently been selected as junior software trainee in a small IT company in Noida. But the company is demanding a cheque equals to his 2 months salary at the time of joining that is refundable after the bond time that is after 1 year. Should he join or not? He is not able to take a decision. The company is registered company. Please help
10th August 2017 From Australia, undefined

Add Reply → Start New →

manojkamble

377

Dear Pallavi,
This decision is being taken by most of the companies now days to avoid high attrition within span of 1 year. If the company and offer is good and your friend has ability to pay along with stability to work for 1 year duration then he can surely join the organisation.
10th August 2017

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.

Other Discussions That May Be Relevant

What is a commitment letter? how is it different from signing a bond with employer?

Joining competition bond and cheque taken by company

Breaking the employment bond after 3 days of signing the bond - employer is forcing me to pay

Related Files & Downloads Shared By Members

 Bond letter.doc

 Indemnity Bond - Format.doc

 Bond of Employment.doc

Interest Tags

Trending Tags

Trending

Bond Signing and demanding a cheque equals 2 months salary - join?

Login Or Register