Bond money

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terminater

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i am working in RIL.. i hav IOCL interview.. i have signed bond of 2 years with RIL.. if i leave RIL and join IOCL then will IOCL pay the amount(Rs. 1.5 Lakhs) since i am under bond period??... do PSU may bond amount of earlier compannoy??
 
are you going to join as a fresh trainee, or as an experienced officer?

If trainee no chance, even if as officer chances are least.
 
terminater said:
but can anyone confrm whether bond is given by IOCL
(after negotiation)

Usually that does not happen with any company (at least in IT Industry) unless they consider you a very valuable resource and even if it happens you will still have to pay it back over a period of time (probably with Interest too). One of my friends when he joined a new company had his bond amount payed by the company. The company later extracted the amount back from him by dividing it into 12 installments (including some nominal interest) and cut the same from his monthly salary in the first one year. However note that my friends bond amount was 60k odd only and his salary in that company was around the 40k/month mark.

There's no way a company will pay 1.5 Lac bond money unless they consider you a very valuable and also your salary is going to be high enough that they can take it back from you in at most an year or more likely 6 months.
 
I stalled signing my bond for 3 months and went without pay until i was sure I'd be staying. now you'll have to pay if you want to move :P

Alternately, you could get yourself fired :lol: Seriously, does RIL have a well defined exit policy?
 
greenhorn said:
I stalled signing my bond for 3 months and went without pay until i was sure I'd be staying. now you'll have to pay if you want to move :P

Alternately, you could get yourself fired :lol: Seriously, does RIL have a well defined exit policy?

One of my colleagues did that, by man-handling (rather seksually) a maintenance maid. He got his bond and employment anulled and joined the other company in 2-3 days :rofl:
 
^ LI'l does ur friend know that all the HRs are kind of inter-linked and the reason for 'annulment' spreads on to whichever companies he may join - not just now, but in future too.

a very DUMB and immoral thing to do, IMHO.
 
there are less violent and more genuine looking ways to get fired , especially from companies who really hate their employees :P
 
greenhorn said:
there are less violent and more genuine looking ways to get fired , especially from companies who really hate their employees :P

Some tips please ? :P
 
if you are in training or something , flunk the tests ( not all of them so that it looks suspicious. Just a litle more than is necessary)

if your co has a process of identifying slackers and firing them, ( the bottom and top 5% rule - you know what to do ) .... you know what to do ;)

of course , the trick is not to make it look obvious. faking sincerity is kinda hard :P

if all this still wont get you fired , your company obviously loves you. hang onto it like a leech you dont get into cos like those every day!
 
Darthcoder said:
One of my colleagues did that, by man-handling (rather seksually) a maintenance maid. He got his bond and employment anulled and joined the other company in 2-3 days :rofl:

For some reason that company decided not to follow the usual procedures.

Most bonds always have a clause for termination due to mis-conduct.

Usually when the company fires an employee due to bad performance or as part of a layoff, the bond becomes void and the employee does not have to pay any bond amount. However, if an employee is terminated due to Mis-conduct, he will be still asked to pay the bond money. Also cases like these are immediately registered with the police.

This is because if a case is registered though another source, the management will also be investigated and there's the chance of a scandal that ill favors the company.

I can only infer that either the company does not have a good reputation as it is or for some reason decided to hush up the incident secretly rather clean its hands of it.

Getting yourself fired deliberately through your own action is equivalent to saying goodbye to your career. I don't know whether you people are saying this for jest, but there may be people who take it as an advice seriously. This is the worst possible advice for anyone.

Most companies these days check the background of employees. Some companies like Wipro even hire third party consultants for this purpose. Any sort of mis-conduct or stating facts wrong means you can kiss the job good bye. The worst part is that this does not happen before joining the company, but 3~4 months after joining. (I have heard that Wipro even registered fraud cases against some candidates.).

Secondly most companies that fire an employee because of bad performance do not usually state it as a reason in the paper work. They make it look like you resigned on your own so that your career prospects are not affected. However, If the company gets wind that that you were deliberately trying to get fired, they may decide to state the true reason of termination after which chances are you wont get a job anywhere else.

Thirdly getting fired through mis-conduct is the worst possible way. Most reputed companies do not take lightly to this. The will try their best to clean their hands by making sure that you alone get the blame and probably go to jail for it (if required). So leave alone your career, chances are you entire life will be ruined if you try things like that.
 
Lord Nemesis said:
For some reason that company decided not to follow the usual procedures.

Most bonds always have a clause for termination due to mis-conduct.

Usually when the company fires an employee due to bad performance or as part of a layoff, the bond becomes void and the employee does not have to pay any bond amount. However, if an employee is terminated due to Mis-conduct, he will be still asked to pay the bond money. Also cases like these are immediately registered with the police.

This is because if a case is registered though another source, the management will also be investigated and there's the chance of a scandal that ill favors the company.

I can only infer that either the company does not have a good reputation as it is or for some reason decided to hush up the incident secretly rather clean its hands of it.

Getting yourself fired deliberately through your own action is equivalent to saying goodbye to your career. I don't know whether you people are saying this for jest, but there may be people who take it as an advice seriously. This is the worst possible advice for anyone.

Most companies these days check the background of employees. Some companies like Wipro even hire third party consultants for this purpose. Any sort of mis-conduct or stating facts wrong means you can kiss the job good bye. The worst part is that this does not happen before joining the company, but 3~4 months after joining. (I have heard that Wipro even registered fraud cases against some candidates.).

Secondly most companies that fire an employee because of bad performance do not usually state it as a reason in the paper work. They make it look like you resigned on your own so that your career prospects are not affected. However, If the company gets wind that that you were deliberately trying to get fired, they may decide to state the true reason of termination after which chances are you wont get a job anywhere else.

Thirdly getting fired through mis-conduct is the worst possible way. Most reputed companies do not take lightly to this. The will try their best to clean their hands by making sure that you alone get the blame and probably go to jail for it (if required). So leave alone your career, chances are you entire life will be ruined if you try things like that.

Really well said dude! That's a really good post. Job seekers should C & P it somewhere.
 
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