Hey fishes,
My company has made us sign an employment bond for 3 years and exit penalty is 4.5 lakhs. I have completed 2.3 years but I don’t want to continue working in this company anymore. Also I don’t have 4.5 lakhs to pay. So what should I do in this case? If I leave without paying then I won’t get my experience letter.

like
Posting as :
works at
You are currently posting as works at

I would not recommend for fake experience letter or leave company before 3 years as they might not give you, your experience letter which is most useful document. You already have served 2.3 so what’s harm completing 3 years.

likesmart

First of all they won’t allow you to leave before your bond period else they would not have asked you to sign bond. If you leave by any other means you will lose your experience letter. The reasons you have mentioned are not that significant that you can’t continue for few more months.
Meanwhile you can start working on your DSA and your skills and can target good product based.

like

Why take so much stress, just complete 3 years. Anyway 2.3 years you served there, just wait for some more months. Law is there not to set employment bonds , since it is a private company they can definitely drag things and you may go through unnecessary issues like not getting experience letters etc. I am just suggesting this for your peace of mind and better avoid unnecessary clashes with your employer. Utilise this time for upskilling.

like

According to the law the company cannot bind you. If you wish to leave you may do so but if you've undergone some training then you might have to pay the company the cost of your training

likehelpful

I have heard fake experience letter is easy to get these days 😃 you also have 2 k, assuming you haven't sold one already to buy new iphone 😁

funny

Try to complete 3 years or ask hr how much you have to pay if u leave today

helpful

You are only liable to pay a justified amount not this huge amount as per law and since you have already spent this much time here, you might me free from paying anything. Maximum around 20k you have to pay.

helpful

Just complete 3 years, you have almost completed. Paying 4.5 lakh is useless now. If hr negotiating on the pay and your upcoming company has better offer then go for it

helpful

Is it mu sigma? It also had 3 years bond

like

No, not mu sigma

Some companies have a depreciating approach on bonds. My friend joined a company for 2 year bond(1Lakh) and broke the bond after 1.5 years. He only had to pay 25% of the money as he has already worked there for 75% of the duration.
Do check if your company also has a similar option.

NB : Do not check directly 😁

like

If you have completed 2.3 years then wait 9 more months, dont be impatient, dont look outside just finish 3 yrs term

like

Related Posts

I got Medical Reimbursement of around in current month salary, but I don't think I had applied any bill or submitted any such amount. Can someone tell what exactly is this amount for?

like

Anyone willing to offer referral for lateral hire consulting opportunities at MBB. Is it possible to share the profile internally with someone at Partner level for consideration.
12+ yrs experience in strategy, transformation, change, process improvement, cost optimization & analytics. Helped F500 clients on Future of Work & workforce transformation cases in pandemic.

like

How much CTC to expect for Team Lead and Solution Architect position in @EPAM (YOE: 12+, Skills: .NET)?

like

What is the industry average and highest Salary a Manager Management Consultant can earn today, with an MBA degree and 6 years of work experience?

Honestly, I am happy with the current pay but still when I hear the unrealistic figures from my friends and friends of friends it feels as if I am settling for less in life.

Any suggestions on how to get Salary correction internally within the same organisation? Thanks!

likesmart

What is a good salary tab to be at for a consultant role with an international NGO? The profile is Marketing Communications. I have 7 years of experience and hold two MS degrees - one from reputed US private university and one from a leading Indian B-school. Although I have a 3 year gap due to maternity, during my break I also completed my foreign language certification.

This will be my first time gig in India after working abroad and also a first time consulting opportunity.

like

Hi everyone,

I have 3 years of experience as a frontend developer(JavaScript/ ReactJs)

I just want to know what's the current salary range of a frontend developer for above mentioned experience in service based and product based companies?

like

Which techstack according to you is being paid the highest package with same level of experience😇😇😇😇?
Highly appreciate mentioning the yoe, the techstack and the package offered🥰🥰🥰🥰

like

KPMG Assurance and Consulting Services Can anyone help me with take home salary for 26.55 LPA KPMG Assurance and Consulting Services KPMG

like

BCG 🐠, How much salary I should ask for a consultant role? I am an experienced hire from big 4 with 6+ yrs exp.

likehelpful

Anyone hiring for Business Analyst profile YOE 2.5 Notice 30Days

like
like

Hii Fishes,

Please help me choose
I have 2 offers

1. Shell - Role DevOps Engineer tech stack is azure
Ctc 28 fixed 4 variable and 4 jb
2. Amazon proserve - Roles DevOps Consultant
Requires 50 % travell also tech stack is aws
Ctc 24.5 fixed 6 jb 9 rsu first year

Please suggest based on hikes growth and work life balance

My background is in azure cloud
YOE 6

BDO India Hello fellow consultants, i have been offered a package of 66K GBP from Deloitte for the position of Manager - Cyber Internal Audit, Financial Services, Risk Advisory - Manchester. I am currently working for BDO India and will be relocating, what are your views on this? What are the extra relocation and accomodation benefits i can ask for? I am a 24 year old bachelor and i have 3 YoE. BDO Deloitte India Deloitte USI BDO RISE Private Limited

like
like

Been at the company for a year - switched teams at my 7th month mark. My annual review is coming up. How do I negotiate for a raise/promo?

like

EY GDS or KPMG Global in terms of wlb growth hike etc

like

What is the salary of a 14 YOE VP in morgan Stanley bangalore ?

like

Equifax What is the salary bracket for 6 years experience candidate at Equifax in Atlanta and also St Louis?

likefunny

Hi ,
Could anyone please suggest which company to join for 9+ experience guy
Hitach Vantara,
Epam system,
Netcracker technology,
CTS
Except CTS-everyone is offering good package

like

Hey folks,
I have first round scheduled tomorrow for Datastage Developer Role.
Relevant YOE - 3.3
Overall 4.5 Years
What could be the level of difficulty asked?

like

More Posts

What’s your pay range at different firm and region/city at managing director level? I am not sure I am underpaid

like

She’s a real bugger...

Post Photo
like

Hi sharks, i have 4yrs experience and looking for Frontend developer roles. Current ctc : 8.4 LPA and im IMMEDIATE joiner. My teck stack is : Angular, Javascript, Html5,Css3,Rest Apis, Jquery,Rxjs, typescript . Looking for some referral in Accenture

like

How did you get into tech recruiting, and are you happy with it?

likehelpful
like

How much % hike can be asked on a counter offer? How to negotiate with the HR on this

like

Looking for advice…I currently make $85k + 35% bonus. I’m interviewing for a job that I now know pays $70k + 15% bonus. Obviously that’s a steep cut. The only reasons I’m still interested are that it’s in crypto operations which I’d like to transition to, and it’s back on the east coast closer to family. We want our daughter growing up with them around. Any thoughts on negotiating a higher salary? Or, any experiences on taking a pay cut and what went into your decision to do so? Thanks!

like
likefunny

Why would recruiters reach out to me, say they want to talk, then not follow up? Should I call them instead?

like

Did it happen with someone in the last quarter that although you got nominated by L1 for band progression but the promotion did not happen?

like

Certified Agile Manager Oct batch in Chennai on 1st Oct 2022

Post Photo
like

OH: (RE: required meeting attendance)

"Ok, fine. I will say yes now but fair warning I may fake my own death beforehand."

likefunnysmart

Is anyone wearing a costume to the Halloween party? New to BCW and don’t want to look silly!

likehelpful

As far as I know the new ascendas office is mokka building like any other it cmpy. Don't expect it to be world trade center level. It's basic one.

like

White & Case About to lateral into the project finance team of White & Case. Thoughts on the culture / dos and don’ts?

like

Need recs for takeout in downtown please anywhere up to like $50. Sushi or Peruvian or anything really maybe not overly saucey dishes thx so much

like

I forgot to wear a mask in my apartment building common area. Ran back upstairs to get it but nervous and paranoid that I’ve been exposed. Is there anything I can do but quarantine and wait a few days to get tested? So mad at myself right now

funnylike

Anyone hiring for entry level risk compliance roles?

like

Additional Posts in Tech India

Hey All,
Exp : 8.6
Exp On Mulesoft : 4.8
CTC : 20 LPA
Offer holding :
31 Fixed Infinite Computer Solutions
32 fixed from @Nahil (Saudi based gave 32 fixed (no TDS))

Current company: Infosys
I am waiting for the offer letters from
EPAM Systems asked 35, but selected for D3 role so 31/32 LPA.
Genpact (Enquero global) asked 35, not sure they can give or Match?

Which one to join, I am planning for long term commitment. Please provide your thoughts.

like

Is comcast a service based company?

likefunny

How many locations does Tiger Analytics have?

like

How about the scope/ demand of mobile application testing.

like

Hello everyone,

I wanted to know how long does Course5i take to release an offer, I cleared all rounds last friday and was going to get an offer from HR early this week (by Monday evening or Tuesday) but didn’t get any offer till now.

I loved the role and I am still excited to join the organisation so mailed a follow up to the HR yesterday but did not get any response till now. I do not want to follow up for the next 1-2 days since I feel it would be too pushy from my end.

like

Has anyone taken the below course for learning Microservices with Java, Spring Boot, Docker and Kubernetes?

Post Photo
like

Teksystem vs techmahindra which one is good? TEKsystems Tech Mahindra ... For any 12 years of exp.. In aspect of wlb and job security

like

Hello fishes small suggestion from my end for who are trying to switch

Don’t wait/waste your time for positive replies from employers continue your hunting in market.

I had a bad experience with CTS even my interview gone well I got negative feedback. May be they have budget/notice period constraints, if that is the case why would they conducted interviews with out basic checks

Exp - 7+
Tech stack - Java fullstack Developer

like

Please help with 11 likes. Thank you

like

Can anyone tell, how is the sumit sir from trendytech data engineer course. is it worty paying rs 42000 for that course?
#dataengineer #bigdata

like

What is more important tech like the cloud or money while switching a job?

People ask in LinkedIn to dm if you are interested in the job. How can I dm someone unless he is not connected to me?

like

Hi All,
Just want your suggestion on this to help me decide.
I've been working in QA team for big data project and recently I've got offers from Startup and service based MNC as data engineer for the role of Data Engineer.
I've not worked on the actual development of ETL batches till now but I want to learn and grow gradually.

What kind of organisation would be best for me considering my mental health as well because I take too much stress ?

Thanks 🙏

like

Off Topic:
I want to invest money for future perspective, please suggest best mutual funds, NFO or any other schemes which is beneficial for long term investment and having good returns.
Please suggest.
Thanks in advance.

like

I am preparing for Faang companies. I am comfortable with Ds/algo but have poor knowledge in system design (LLD/HDD). How do guys who get the offers from these companies prepared these subjects? Please suggest any book /online tutorial recommendations?

like
like

I have an offer from deutsche Telekom and Mckinsey and Company both for the role of Software Developer. Which should I join ? Which company has better Work culture?

like

#HomeOfficeSetup

Guys, Suggest a good external web cam for the office meetings?

like

Hi Fishes,
Please share your reviews about BOLD Technology Systems,Noida.How is work life balance and work culture?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal