Sparsh-A touching bond

Agreeing to what Vivek says, it has become highly imperative of companies nowadays to have bonds in place to keep in check mindless attrition by employees. I have personally come across many people who have joined companies just for addition of CV value and increase in their bargaining power. From the onset it’s in their minds to make as much benefit for them as possible and leave with a lucrative offer in hand.

On e of my friends, lets call him BNG was working for a very small IT firm. He had a lot of interest in datawarehousing (DWH) but DWH being a costly proposition he was not getting many opportunities to learn the same at his company. By hook or crook he somehow managed to get into Wisdomsys.At Wisdomsys he worked on AbInitio, a latest software, one licence of which costs around 2-3 crore rupees and Is used by only the high and the mighty banks. During his stint at Wisdomsys he became fluent in the working of Abinitio and pretty soon got an offer in a multi national bank in Mumbai at double the pay package.

This is but one example of how people are using employers as a catapult to drive them to the next level and the companies are paying through their mouth for such people.Wisdomsys has said that the training it imparts t costs around 3 lakh rupees per employee, so just think the investment being made by the company wherein it recruits around 25000 employees per year.

I am not saying that all the companies are pro employees, its just that the companies going for the bond is a reaction to mindless employee switching. The value of the training can be gauged from the fact that employees who are not deemed to be fit after training and laid of by Wisdomsys are picked up by companies at huge packages (3 people of our training batch –picked up by oracle at thrice the package).

Nidhi says that companies make people to serve notice period, I say what’s the problem in that? We can’t just let people walk in and out of offices as and when they feel like, when crores of rupees are at stake, it’s even more important to keep a tab on the most important resources. For eg if I am the most important resource and I decide to leave my company in a jiffy, then what face does the company show to the clients for whom I was the company. Will the clients feel as comfortable working with the new guy as they did with me? Won’t It make the client rethink on their decision of doing business with the company.

I personally had very amicable separation with Infosys just as Swati did .My Delivery head and project manager went out of their way to make it easy for me on hearing of my going for higher education .It was only because of their efforts that I was able to complete all formalities even after giving a notice period of 22 days when the mandate was for 3 months. I agree to the point made by Shweta parekh where she says that bonds are usually psychological tools employed to make employees function to the whims and fancies of the employers. But usually the company doesn’t want to make u pay unnecessarily.

So my advice to newbees joining companies would be look before you jump ship, give your job the respect you expect other people to give it and don’t go in for mindless job switching. At the end of the day while your chances of meeting Ruskin and James are quite slim but one mistake and you have every chance of meeting your employment bond.
P.S- Does James bond have an employment bond with MI-6? If so does it include restrictive covenants as well?