Asst Manager

I have got placed in reputed company as Management Trainee by campus selection. At the time of campus selection there was no bond but after completion of training, the company suddenly put 2.5 lakh surety bond for 3 years. As i was in confusion, had to agree the bond. Now there are changing the bond by making agreement for 3 years. Now if we leave the company, we have to pay full stipend given by the company while training.
Is it legal doing like this? can i approach court if i leave the company as its GUJARAT PSU, no sitting arrangement, no proper work allocation and also given engg grade as I m BE + MBA(Full time through CAT From PDPU university). now a days getting frustration, what to do and what not to do? please provide some advice.
8th May 2012 From United States , New York
No. Signing the agreement is not mandatory. management trainee is not an employee of the company, after the training period they are giving you the employment opportunity their itself.
If you are ready to sign the agreement you may go ahead, other wise you have every right to reject the offer and get out of the company.
No. they can not claim back the stipend paid to you during your training period.
Need not get frustrated, apply to other companies. If you do not want to continue their you can always leave. But once you sign the agreement you are bound by that. So think very well before signing.
And personal advice is, 3 years is not a small amount of time and you will not know about the future market trends and opportunities. If it would have been for one year or so you could have given a lot, but 3 years is not advisable.
So there is nothing to worry about so that you feel frustrated......
All the best for your future career.......
9th May 2012 From India , Bangalore
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