Though most of the organizations prefer their employees to sign a bond only to reduce attrition but does it really help them? Employees who are determined to leave the organisation will not give proper efforts towards their work. And the company ends up paying the employees instead, till the end of the bond period.
The employees who pay the bond amount for breaking the contract do so only to get the final settlement and more importantly the experience certificate. I have a few friends who left their jobs within the bond period and without paying the money and they opined they wouldn’t need the certificate as their future employers were ready to accept them only with the salary slips of a few previous months. They did so because they were ignorant about the legal consequences and their present employers never came hard on them by dragging them to the court.
And most of the cases that we come across where an employer drags the employee leaving the former within the bond period happen for senior executives only. From these cases I can infer that it matters a lot at senior level but employers are hardly bothered about employees leaving at entry level posts. Or maybe it is organisation specific.
In one of the examples in the original post it is mentioned that an employee returning from onsite has to serve the organisation for at least 1 year or has to pay 1 lakh rupees. But if the employee really wants to quit the job (for various reasons), will he (the onsite returned person) stick to the employer for 1 lakh rupees? After all 1 lakh rupees is just some odd 4000 dollars for him which he would have been earning every month for 2-3 yrs in the onsite project.
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