Sunday, March 14, 2010

Bonds for us!

When I was a child I used to read books by Ruskin Bond, bowled out-swingers like Shane Bond, watched the heroics of James Bond and now when I am about to enter the corporate world, “Employment Bond” awaits me.
I wonder how life would have been during “Rama Raj” when everyone was truthful and there was trust. I think Bond came into existence with the invention of lies. When you do not have faith on someone you use certain conditions/restrictions with penalty for defection so that they adhere to your conditions. When a company employs you, it has some opportunity cost which it tries to get back from you in case you want to leave the organisation before you have generated any profits for the company. Similarly when you take a loan from someone it is like a bond.
A by-product of human civilisation has been bonded labour. Though we have progressed a lot, this evil still continues. Now companies, in an attempt to discourage its employees from leaving them, use the employee bond. It seems nothing is due to one’s one wish/desire. To force someone to work for you without his/her wishes is a form of bonded labour.
I agree with Sweta when she says in India the bonds are more likely to have the psychological effect on the employees so that they do not go for mindless job switching. At the same time, Rani also is correct when she says that the company wants to minimise loss while employees want freedom and the bond should be balanced in both the aspects. One of my friends had job offers from two companies but joined a company which had no bonding requirements.
Taking forward the discussion of Abhilash, some companies and government departments want their employees to work for them after they are given special training etc.
Bonds have an indirect implication for the company. Suppose a person is not interested in the job, but is bound by the bond then he will not put his best efforts for the company, he’ll try to give reasons to the company to fire him. This presents a dilemma for the company whether to fire the low performing employee or to let him go which will undermine the importance of the contract in the first place.
The solution provided by abhay seems simple: Relax the rules according to the purpose for leaving the company. But this will only increase the complexity of the issue and bring in power games and politics into the matter. The importance attached with a reason will vary from manager to manager and this will lead to lobbying and coaxing. For example, an employee might say that higher studies are more important while other may say that a job with more opportunities is more important.
If we see around us, we will find that we are surrounded by many bonds: marriage is a social bond, to be caring to our friends is emotional bond, we have religious bond with our religious faiths etc. So, bonds are a way of life. All we need to do is “Bond with the Best”.

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