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Hi i am working for a MNC in hyderabad, recently they sent me for a internship in London where i was working full time and studing on weekends. i was paid a very little stipen, and my company signed me a bond for 2 years or 10 Lakh Rupees.

Now, I heard that these contracts are very much valid ONLY IF company has spend on employee (which does not include training and grooming) however in my case my companie has not paid any thing other then the Visa fee and a cash amt of 25K which they took back from me already

Now what i heard is even when the contract is legal company cant ask me to pay more then they have spent on me.

my education, flight tickets, and accomodation was paid by university and the company where i was doing my internship (in dont have evidencers though)

I am not getting substential salary hike ( i got promotion but not enough hike) and i cant wait for 2 years now.

I have opportunities outside but they all are asking for releaving letter from my current employer.

Can any one please help
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Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Hi i am working for a MNC in hyderabad, recently they sent me for a internship in London where i was working full time and studing on weekends. i was paid a very little stipen, and my company signed me a bond for 2 years or 10 Lakh Rupees.

Now, I heard that these contracts are very much valid ONLY IF company has spend on employee (which does not include training and grooming) however in my case my companie has not paid any thing other then the Visa fee and a cash amt of 25K which they took back from me already

Now what i heard is even when the contract is legal company cant ask me to pay more then they have spent on me.

my education, flight tickets, and accomodation was paid by university and the company where i was doing my internship (in dont have evidencers though)

I am not getting substential salary hike ( i got promotion but not enough hike) and i cant wait for 2 years now.

I have opportunities outside but they all are asking for releaving letter from my current employer.

Can any one please help
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FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS.
Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA.
Hi Prashant... This is a clear case of arm-twisting by the company. Unfortunately in this case you have very little to do. This is because you have already signed the bond.

Now if the bond is for two years the company has a right to not leave you before completion of 2 years.

Alternatively, the right to employment confers every citizen to work anywhere in India, hence you are not bound by such bond which shall be construed as bonded labour. Nevertheless, if you leave you current job your employer may not issue you your releaving letter before the expiry of 2 years and your employer can also issue to you a notice for payment of the bond. You can contest the bond by taking your current employer to the relevant district courts and it is then you may take a plea that the bond amount of 10 lakh was not justified as the company did not invest 10 lakh on you.

I understand that you will be getting good offers after your international training, but I would recommend that it would be feasible if you quit the company just after the expiry of 2 years. In the mean time try to befriend your spervisor (by calling him/her for a coffee, chating, spending more time) so that he/she can increase your salary which shall be a good bet for you to negociate in future after the completion of 2 years bond period.

RoyS
Hi Prashant... This is a clear case of arm-twisting by the company. Unfortunately in this case you have very little to do. This is because you have already signed the bond.

Now if the bond is for two years the company has a right to not leave you before completion of 2 years.

Alternatively, the right to employment confers every citizen to work anywhere in India, hence you are not bound by such bond which shall be construed as bonded labour. Nevertheless, if you leave you current job your employer may not issue you your releaving letter before the expiry of 2 years and your employer can also issue to you a notice for payment of the bond. You can contest the bond by taking your current employer to the relevant district courts and it is then you may take a plea that the bond amount of 10 lakh was not justified as the company did not invest 10 lakh on you.

I understand that you will be getting good offers after your international training, but I would recommend that it would be feasible if you quit the company just after the expiry of 2 years. In the mean time try to befriend your spervisor (by calling him/her for a coffee, chating, spending more time) so that he/she can increase your salary which shall be a good bet for you to negociate in future after the completion of 2 years bond period.

RoyS
Dear Friend,

I disagree with one of our friend suggestion that the agreement with your present employer will not have any effect over your prospects if you breach the terms of such agreement. Morally you have to honor the terms and conditions of an agreement why because, you are telling that your company has sent you to abroad for internship and you should work with them for 2 yrs thereafter.

Here the valid consideration is there in the agreement entered in between you and your company. To send you to abroad for study and to meet the expenses in connection with such education is the proposal and in return they asked you to serve them for 2 years. under those circumstances where is the question for bonded labor etc.

Being a highly educated, one should honor the promise made to the other by way of an agreement or other wise be ready to face the consequences through civil court for breach of the terms and conditions of an agreement. I strongly suggest that you should settle the case amicably with your present employer by paying amount which is agreeable mutually enabling you to skip the unnecessary litigation through process of the law.

Regards

NVRao
Dear Friend,

I disagree with one of our friend suggestion that the agreement with your present employer will not have any effect over your prospects if you breach the terms of such agreement. Morally you have to honor the terms and conditions of an agreement why because, you are telling that your company has sent you to abroad for internship and you should work with them for 2 yrs thereafter.

Here the valid consideration is there in the agreement entered in between you and your company. To send you to abroad for study and to meet the expenses in connection with such education is the proposal and in return they asked you to serve them for 2 years. under those circumstances where is the question for bonded labor etc.

Being a highly educated, one should honor the promise made to the other by way of an agreement or other wise be ready to face the consequences through civil court for breach of the terms and conditions of an agreement. I strongly suggest that you should settle the case amicably with your present employer by paying amount which is agreeable mutually enabling you to skip the unnecessary litigation through process of the law.

Regards

NVRao
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