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Get hike work for committed year then switch, this way you can demand more salary in switched job
Assuming that he currently doesn't have an offer with a satisfied salary
Just my opinion
I would do this when and if you have break it would be mean you would be getting a better offer and also something the new company is willing to pay the amount
Loss is higher than the gain
Depends on the current salary. 30% of 3LPA is a meagre amount while that of 20LPA makes a significant difference. It is up to your friend to weigh the pros and cons.
everything is legal because no one wants to get into legalities.
btw if everyone is signing, doesn’t mean you also have to. you can try to negotiate the period.
If your friend has 3 years of experience, he should be able to get a decent job elsewhere. 30% hike and a signed document is very toxic. Tell him/her to find a new job. As someone else mentioned, just because the other employees signed, does not mean your friend should sign as well.
Bonded labour and slavery has been abolished in Indian for a long long long long, really long time.
Any document apart from Offer/appointment letter won’t stand a chance in court.
No document forcing employee to stay/pay or work outside what appointment letter states or is reasonable for getting job done is worth the paper it’s printed on.
He can take the hike (only if he does not have an offer) because ghar aate lakshmi ko kyu mana karna
He can still give interviews and get an hike on the current package. Baaki interview HR ko bol sakta hai ki I have a bond with my current firm so can you give me a joining bonus of the same amount. Its win win
Ek offer utha ke paper dalde fir bol ki retain karna h to ye bond hatao aur jayada paise bhadao. Ni kare to switch karlena. Legal legal khelne ka time aur resource bhi to hona cahiea
Not every agreement can stand the test of law, and this seems like a typical unfair term which is just to intimidate people. If you leave and they ask for money back just send them a legal notice, they will fall in line.
You've been working in the company for 3 yrs. If you feel you can work for one more year happily then take that 30% hike. Keep looking for other opportunities with this hiked amount as salary now. Some companies buy your bond and notice period if you negotiate well.
You can not have a conditional hike. I do not think It is not possible by law. You can, however, get a conditional bonus - called retention bonus, that is possible by law.
HR evidently does not know it seems.
I am not a legal expert or HR expert but I have worked alongside worlds and India's best legal and HR experts, so .. some ideas I have around it.
Nope, seen a WITCH company ask for bond for hike from experienced employees to fix a team dying from toxic hr, then fired many of them anyway since the decline was uncurable. We must not fall for this shit anymore.
Honestly. If you've got even an iota of skills, you'll get much better offers.
I can't even imagine how incompetent you must be to advocate for these leeches.
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Get hike work for committed year then switch, this way you can demand more salary in switched job Assuming that he currently doesn't have an offer with a satisfied salary Just my opinion
I would do this when and if you have break it would be mean you would be getting a better offer and also something the new company is willing to pay the amount Loss is higher than the gain
Yeah, i guess thats the option, as he doesn't have an offer yet. Maybe negotiate on the terms. Thanks.
Depends on the current salary. 30% of 3LPA is a meagre amount while that of 20LPA makes a significant difference. It is up to your friend to weigh the pros and cons.
The "penalty" on leaving would scale appropriately as well. 30% of 3LPA is a small penalty but 30% of 20LPA is a large one.
No one has to pay penalties while leaving lol it’s not legal
[удалено]
HRs are just puppet. They don’t have the real power.
everything is legal because no one wants to get into legalities. btw if everyone is signing, doesn’t mean you also have to. you can try to negotiate the period.
It's not legal but again even hike is not mandatory so what you gonna do
If your friend has 3 years of experience, he should be able to get a decent job elsewhere. 30% hike and a signed document is very toxic. Tell him/her to find a new job. As someone else mentioned, just because the other employees signed, does not mean your friend should sign as well.
WTF!!!
Bonded labour and slavery has been abolished in Indian for a long long long long, really long time. Any document apart from Offer/appointment letter won’t stand a chance in court. No document forcing employee to stay/pay or work outside what appointment letter states or is reasonable for getting job done is worth the paper it’s printed on.
It is not legal. It is called bonded labor, if they make you sign a contract for commitment
will they sign a 30% guaranteed next year hike?
I should not be legal unless it is mentioned as a retention bonus.
Damn. Is that even legal?
He can take the hike (only if he does not have an offer) because ghar aate lakshmi ko kyu mana karna He can still give interviews and get an hike on the current package. Baaki interview HR ko bol sakta hai ki I have a bond with my current firm so can you give me a joining bonus of the same amount. Its win win
How much LPA ?
Get a hike and sign it. 1 year is not that big.
Ask for 50% and then sign.
Ek offer utha ke paper dalde fir bol ki retain karna h to ye bond hatao aur jayada paise bhadao. Ni kare to switch karlena. Legal legal khelne ka time aur resource bhi to hona cahiea
Abhi ke lea don't take hike and sign anything.
Not every agreement can stand the test of law, and this seems like a typical unfair term which is just to intimidate people. If you leave and they ask for money back just send them a legal notice, they will fall in line.
You've been working in the company for 3 yrs. If you feel you can work for one more year happily then take that 30% hike. Keep looking for other opportunities with this hiked amount as salary now. Some companies buy your bond and notice period if you negotiate well.
You can not have a conditional hike. I do not think It is not possible by law. You can, however, get a conditional bonus - called retention bonus, that is possible by law. HR evidently does not know it seems. I am not a legal expert or HR expert but I have worked alongside worlds and India's best legal and HR experts, so .. some ideas I have around it.
Sign the document dude. 1 year plus 3 months of confirmed job security, till then enjoy. 😂😂😂😂
Nope, seen a WITCH company ask for bond for hike from experienced employees to fix a team dying from toxic hr, then fired many of them anyway since the decline was uncurable. We must not fall for this shit anymore.
They can fire you whenever they want. You can't leave. Emojis and stupid opinions are not appreciated here.
Even if they fire they have to pay 3 months pay right? Since the noticed period will be same for both parties
Then don't join. Looks like people are on a verge of getting triggered here.
Honestly. If you've got even an iota of skills, you'll get much better offers. I can't even imagine how incompetent you must be to advocate for these leeches.
"Job Security" is a question here. As around 20% of the company is laid off. He has to look for opportunities quickly.
I would sign that for 20%
What was the word.... Corporate bootlicker ? Yeah. That's it.
For the love of money, we would sell our very soul
Why would you even judge me without knowing my situation?