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how to break the bond

 
Greenhorn
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hi

i am an engineering graduate , with a core knowledge of java.
I am working in a small company . they recruit me as a fresher
at the pay of 5k . and said me after 5 month they will make it
10k and signed a bond for two years . i am making jsp
pages over there. i worked over there 8 months .and now my salary
is 10k , now i want to change that company , now i am getting a offer
of 16k . i dont want to name the company. can anybody tell me what
will be the consequences . if i leave that company without informing
them. i dont know what should i do
 
Ranch Hand
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There will be no consequences other than not giving a decent experience certificate or may be withholding some unpaid salary.
Such bonds are illegal and are done only to scare the employees. If they try to threaten you, just say f*** off
 
Ranch Hand
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Ram is right.But do it if you are frustrated beyond the breaking point. Some of my friends left the company with in 3 months. They were served with a lame and useless notice.
[ January 06, 2006: Message edited by: Ramesh Choudhary ]
 
Ranch Hand
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hi

anyone , what we should keep in mind , while signing the bond.
is there any way to come out from bond terror.
thesedays many companies are using these ways to threatened the
freshers. and using them on a very little pay scale .
 
Ranch Hand
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Its very old technique.I thought with more jobs openings in a country this might have reduced!!.problem is attrition rate is very high.Employers are finding various ways like partying,gifting tShirts,distributing sweets etc to retain the employees but don't seem to be working.Employers definitely can't give salary beyond certain limit.The purpose of offshore/outsourcing will fail otherwise.But starting salary has certainly risen in past 2/3 years.Fresher as a tester in Oracle India gets more than 2.5 Lakh /year.
You can sign a bond if you agree with all terms and conditions.But don't give your certificates etc.
[ January 07, 2006: Message edited by: Arjunkumar Shastry ]
 
Greenhorn
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Hi Ashish,

Dont worry this kind of bonds are illeagal, no one can do anything if you break this kind of bonds. Only thing is they may not give you an experience letter or may hold up ur unpaid salary. NOTHING ELSE THEY CAN DO ABOUT THIS.
 
Ranch Hand
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hey..........my bond period is 2 years,failing which i may need to pay approx 4 lacs.........some say its illegal and that the company can't do anything.......but i can't buy that opinion because the company forced us to furnish hell lot of documents,like pay slip of mom and dad,property certificates duly attested by gazzeted officers,etc and signed the bond on Stamp Paper which can be produced in a court of law.........i wanted to be in telecom domain,which at the time of placements,the hr told they have many telecom clients...........but now even after 7 months i,and my frieds,are without projects,leave alone working for a telecom client.....so i want to break the bond
 
Ram Bhakt
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Originally posted by biswajit goswami:
hey..........my bond period is 2 years,failing which i may need to pay approx 4 lacs.........some say its illegal and that the company can't do anything.......but i can't buy that opinion ....



Hey, that's fine. You don't have to buy every opinion out there You can keep working for your firm for 2 yrs.
[ January 09, 2006: Message edited by: Ram Bhakt ]
 
rehans oberoi
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hi ram

have you started studying law . can you tell us what are the types
of bond generally companies uses.
thanks
 
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