[HopeForBest]

Hi Puys !!!

I urgently need an expert solution from you guyz !!! So plz sapre a min for me.

I entered in to a 2yr bond with a reputed IT company in August 2004. According to which i have to serve the company till August 2006.

Now i have got admission in to a good b-school. And the classes are commencing from june 12th onwards. Now i have 2 options- either to abscond and forget about releavin letter - or - pay Rs 50000 for breaking the bond, take releaving letter and go off pacefully.

How important is releaving letter ? Is it worth paying Rs.50000 just b4 2 months of expiry of bond period ?

Need your suggestions guys !!!

Cheers

[ILLUMINATUS]

p.s. read the figure wrong.. :P if it is jus 50k then pay up dude.. almost 2 yrs exp is precious..

[amitnsitian]

boss, its 50 K not 5 lac...

my suggestion, try convicing them that u r going for higher edu etc...give some gyaan..else pay up and leave

[Neo2000]

Umm, have you tried talking to your superior/boss? For all you know, they just might be willing to forego the bond since you are going to a good B-school and August is only a coupla months away. They may actually even offer to re-hire you after two years. Whatever you do, try not to leave your job with any sort of ill-will on either side. It pays to have good relations everywhere and your present company shouldnt be an exception

[MavericK]

If that reputed company starts with a T and ends with S, then I guess you dont have any option but to pay up the bond amount. Breaking a bond for anything more than 6 months of work ex is sacrilege. Pay up dude, Indian cos are anyway going bankrupt!

[BaBu]

Talk to your HR manager. Dont talk to your Team leader or project leader. they dont have any information regarding this.

Show HR manager your B-school admission offer letter. Convince HR manager that august is just 2 months away. Incase if he doesnt get convinced, then convince him that you will be willing to pay penalty for 2 months i.e that will be arnd Rs 4000. Dont give 2 months penalty first option. It should be your last option.

I broke Wipro BPO bond. It was 1 year bond. I left the job in 8 months. They told me to pay penalty for 4 months. I got some medical certificate and showed them that my health is not fine working in night. They waived off and gave me experience letter as well as the salary.

Cheers,

[HopeForBest]

Hi Puys

Thanx a lot for ur prompt replies.

@Maverick :
The company i work for is not T*S. There are too many formalities to be completed, which may take alot of time of mine, in case i choose to pay. Right now i dont have tht time.

@Neo , @BaBu
Guys ...the problem is that i took my PL, PM (my bosses) in to confidence and told thm everythin expecting some help from them. But they categorically denied any help. Instead they say they would inform HR and put me in absconding list :( . So i talked to HR too. They are telling me to pay Rs.50000

[amitnsitian]

Originally Posted by HopeForBest

the problem is that i took my PL, PM (my bosses) in to confidence and told thm everythin expecting some help from them. But they categorically denied any help. Instead they say they would inform HR and put me in absconding list

and i thought i have the worst boss in the world

dude, since u dont have any option left, thanks to ur bosses, its better u pay up and leave

[Crash_test_dummy]

My crooked mind has cooked up an evil scheme...

Pick a disease...your favourite one...get a medical certificate from an uncle (i dont know of anyone who doesn`t have a doctor in his entire family tree )...apply for long leave...be on leave until august. Tell your MBA adcomm that the experience letter is getting delayed coz of adminsitrative delays of your employers. Attend college...turn up at your office in august and resign...get releiving letter!
PS1: if your employer OR your college guys find out about this sceme, you`re screwed!
PS2: Unless the bond was on a stamp paper with all that legal jazz and your company has an in-house legal department etc., you`ll manage to get away even if they sue you.

Ahem...any comments, anyone?

[amitnsitian]

@Crash_test_dummy

i have my doubts. coz that person has informed in office that he is going to join a B school...company will easily make out that its a cooked up story