How are you bonded with ur company?

In certain companies, we will have to sign a bond with the company... There are things listed out like an employee cannot leave the company before one year and if they do, they will have to pay some decent among say 2 lakh... But how will it help an employee? Even though he doesn't like the working environment, he will have to stay with the company..

How good do you think these bonds are and do they help for an employee?
Do you think an employer must have a bond with the employee?
Will an employee be able to provide a good output without having the job satisfaction but have to stay just for the sake of bond?
What do you think are the ways in which an employer can keep an employee bonded to the company even without signing a bond?

hmmm someone is looking to change a job 😉 😆

there are very few bonds that are actually worth the price of the paper they are written on

Very few companies prosecute their employees based upon bonds, they know they have more to lose, unless you are walking away with a huge intellectual property of theirs

Normally bonds are made by employee/employer when the employee stands to gain something from the company and the return for the company is that that employee will stay for a duration worth paying for

I know my employer makes people write a bond when they go get their education break, People generally go to this high end schools which cost $100000 to get a degree, so the return is stay with the company for a few years

What are ways to keep employees bonded to the company without signing a bond
1. File for someone's Greencard they will stay with you for 5-6 years 😆 aur INS ne daya ke tho 8-9 years 😆
2. Make perks such that people will find them hard to quantify in monetory terms, like make flex hrs, make work from home available, make up programs where employee's get a feel of belonging.
I know a few employers which make mandatory to do social service of their choice for a couple of paid days in a year for each employee. Plan regular retreats with employees with families at high end locations

lots of things you can do, but if a person is just after money you can never retain those kind of employees

Originally posted by: Anu.Rad

In certain companies, we will have to sign a bond with the company... There are things listed out like an employee cannot leave the company before one year and if they do, they will have to pay some decent among say 2 lakh... But how will it help an employee? Even though he doesn't like the working environment, he will have to stay with the company..

How good do you think these bonds are and do they help for an employee?
Do you think an employer must have a bond with the employee?
Will an employee be able to provide a good output without having the job satisfaction but have to stay just for the sake of bond?
What do you think are the ways in which an employer can keep an employee bonded to the company even without signing a bond?

There is good and bad to bonding contracts... good is one is getting his or her initial break or an oppurtunity to work. This binding culture came in place when some employees exploited employers later it became a trend and way for some employers also to exploit employees. There is no hard and fast if an employee one has a choice, if not worth why to sign a bond? go get another employer. For employer it more of security...that their investments are getting paid off... most of legal bonding have to have a reason for bonding a employee.

Originally posted by: sareg

hmmm someone is looking to change a job 😉 😆

there are very few bonds that are actually worth the price of the paper they are written on

Very few companies prosecute their employees based upon bonds, they know they have more to lose, unless you are walking away with a huge intellectual property of theirs

Normally bonds are made by employee/employer when the employee stands to gain something from the company and the return for the company is that that employee will stay for a duration worth paying for

I know my employer makes people write a bond when they go get their education break, People generally go to this high end schools which cost $100000 to get a degree, so the return is stay with the company for a few years

What are ways to keep employees bonded to the company without signing a bond
1. File for someone's Greencard they will stay with you for 5-6 years 😆 aur INS ne daya ke tho 8-9 years 😆
2. Make perks such that people will find them hard to quantify in monetory terms, like make flex hrs, make work from home available, make up programs where employee's get a feel of belonging.
I know a few employers which make mandatory to do social service of their choice for a couple of paid days in a year for each employee. Plan regular retreats with employees with families at high end locations

lots of things you can do, but if a person is just after money you can never retain those kind of employees

😆😆 @ looking for change😆

@ Employee bonded without signing

1. Timeline of 5-6 years, not in more with perm Labor is in hand within 2 months, EAD might take couple of year, if lucky and dates are open for a month or when priority becomes current GC should take more then a year or two.

2. Yeah thats the whole idea for retaining employee's but still should be accounted better then loosing without gain. I mean leaving job costing 2K out of pocket Vs stating with company and getting bonus retention shares or cash of 2K.

Remember the time when companies used to confisticate Passports before appointing a fresher or applying for thier H1's unofficially. Still folks used to go for it..majboory ka naam MG..otherwise for capable/ethical few doing or encouraging such things is/was a blah.

Originally posted by: sareg

hmmm someone is looking to change a job 😉 😆

lots of things you can do, but if a person is just after money you can never retain those kind of employees

Well said.. your last sentence says it all ... esp for newer/younger workforce members.

Provided the boss is James Bond...the bond girls stay back 😛

Originally posted by: mythili_Kiran

Provided the boss is James Bond...the bond girls stay back 😛

😆 😆 Sure they do .. to get used and killed by the bond..

Originally posted by: mythili_Kiran

Provided the boss is James Bond...the bond girls stay back 😛

😆

And being a PA to James Bond, we can get to travel in invisible car 😛

Originally posted by: mythili_Kiran

Provided the boss is James Bond...the bond girls stay back 😛

😆😆😆

LOL! I had never heard of bonded employees before. So the first thing that crossed my mind was S&M at work place. 😕

Then I looked it up and get it.

The thing is the company invests in an employee. There recruiting and training expenses. When hiring from abroad there is a certain amount of relocation and visa expenses. The employer wants to simply ensure that their investment is secure. It usually takes several years of employment for a company to fully make up recruiting costs. Too keep turnover low they turn to bonds.

I do not think bonds are necessary but if employer is from a competitive field with risk of losing employees and spending a lot to recruit them, then I can understand such bonds.

Nope, but most people work well enough to avoid poor performance appraisals and bad reviews that can be deterrents for future prosperity.

The best way is good pay, great benefits, respect and integrity.