Smitha's in this case need not pay any money to break her bond before the 'defined' period. Employment is not 'bonded' in India and she can just leave her job. 'Employment bonds' are no good in the 'court of law' and Smitha can seek employment with other employers by just using her proofs of employment like payslips, job offer letter, if her current employer refuses to relieve her or issue her a salary certificate.
Bonds will only hold good if the employer had spent a substantial amount on the training of the employee (not on-the job).
RE:Employment is not bonded!
by Bhajiya on May 01, 2008 12:21 PM Permalink
You are genious! this is correct answer. THe bond has no validity in any court of law and she can sue the employer for recovery of her overtime paid and wrong practiced recoveries for non performance without proper reasonings
In India for doing Business u need Political connection and most of the businessmen are political people only. Politics in India is done by most corrupt and hated people among the masses. So that is why the business scenario in India has to be a ghetto affair and most of the businessmen are more than below average filthy-rich people who started their activity by their corrupt daddys money or clout.
Why everyone weeping here like small baby why these people do nonsense by taking loans for bank gurantee for job is one goof. THe father of that lady is idiot man. He must have spend on her daughters business with amount of labourious work she did for bank she would have earned 10 times more than her bank salary if she started her business from gurantee money.
RE:its not place to cry its time to kick back
by gajendran s on May 01, 2008 12:17 PM Permalink
Hi Bhajiya, As I understood by reading the report above it says Father is ready to pay 5 lakhs to get his daughter relieved from her employer,who is bounded to the bond she signed before employment",
RE:its not place to cry its time to kick back
by Prasad Potdar on May 01, 2008 12:19 PM Permalink
ur idea makes sense man! pahele aacha job karke nachi then say company jyada kam karwata hai LOL
I still didnt get the point which this article is trying to say. > Just because some one has done mba doesnt mean that they will be made CEO in the very first year.
There are good jobs and bad ones too , just the way there are good and bad bosses. But the critical aspect is that every person has to go thru the grind as that puts to test the knowledge , emotional stamina and personality to test and then only their best talents will evolve. Lot of times people take up roles without knowing whether it suits their mental makeup ie the girl who took a role in the bank should think whether sales is her cup of tea and if not then find a role which is compatible to her skill sets.
Bottom line...there are no free lunches. Our parents , us and our generations will have to slog it out to make it big.
People who bend their back can only make progress.
Mr. Gopalakrishnan succeeds Mr. Ratan Tata as Chairman of Tata Sons Ltd., the holding company for many of the Tata Bluechips like Tata Steel, Tata Motors, Tata Power, Tata Chemicals, Voltas, etc.,
Possibly he is the first non-Tata person to head the Tata Empire.
Whenever I ask this question to people who leave a company, the answers I get are: "Oh, I am getting a 200% hike in salary"; "Well, I am jumping three levels in my designation"; "Well, they are going to send me abroad in six months".
Then, I look around at all the people who are considered successful today and who have reached the top - be it a media agency, an advertising agency or a company. I find that most of these people are the ones who have stuck to the company, ground their heels and worked their way to the top. And, as I look around for people who changed their jobs constantly, I find they have stagnated at some level, in obscurity!
In this absolutely ruthless, dynamic and competitive environment, there are still no short-cuts to success or to making money. The only thing that continues to pay, as earlier, is loyalty and hard work. Yes, it pays!
You Indians are lucky because there are millions of Jobs in the market. You can change the job if you don't like. In Africa millions of people are without job there is no jobs in market unemployment rate is 99 percent.
RE:In Africa unemployment rate is 99%.
by Blogger on May 01, 2008 12:14 PM Permalink
This is really shocking to learn....!! I knew conditions in Africa were not good, but, never thought they are as bad as 99% unemployment...! I do not know the prospects of moving over to other places from Africa..?
The corporate world in India operates in similiar way.
The defination of loyalty was different two decades back, employers earned loyalty but now they demand it.That too single sided.
The Hire & fire events are more in the corporate world. Irrespective of methods, ethics the achievement of targets are paramount. The treatement is similiar even to the professional who have served years in organization & due any reason if the targets are not achieved in any single period they are also axed in similiar way....
Dear freinds, wud like to share personal experience..I m MBA and having 4 yrs of experience working as business manager and was recently selected by a leading public sector bank after going through rigorous selection process and after joining the bank i found that what i have to do is just of customer care, to open the a/cs and telly coller's job. The bank had renamed the posts like clerk as Customer Relation Associates. Majority of the candidates who have been selected were overqualified and experienced in their respective fields however only bcoz of govt job tag all have accepted it except me. I resigned rite on the 1st day of joining where i have not found any quality of work according to my skills and experience. This shows the mentality of the plp towards Govt job and how govt organizations are taking benefit of it.
RE:Under Qualified Jobs for Over Qualifieds
by Yogesh on May 01, 2008 12:08 PM Permalink
JJ You are right; that what the Macro Economics says...In developing nations the employement is most case is UNDER EMPLOYMENT.
RE:Under Qualified Jobs for Over Qualifieds
by Raj Royale on May 01, 2008 12:25 PM Permalink
Did you know whats going to be your profile after the 1st year ? Hope you get the CEO's profile the next time you look for a job.
What MBA institutes teach their students is 1. How to bargain better for your pay, 2. That you need not work hard for your salary. the magic word M.B.A. means your employer is obligated to give you a fat cheque at the end of the month. 3. Critisize all working conditions & compare it with where the working conditions (read less hard work) are better. 4. Complicate all tasks. Never look for simple solutions. A great example is Pantaloon's boss Kishore Biyani wanted to set up a dairy vending unit, his IIM "professionals" started thinking "Supply Chain". He simply told them to make cowsheds in remote parts of the outlet.
If you ve specialised in "Marketing" you ve got to learn the nuances by running after customers in burning heat. If you ve done "Finance" you ought to learn the baby step by first facing the customers as clerks & learning about company products.
But hey! An M.B.A. is nt meant to work! He need his PAY!
In India for doing Business u need Political connection and most of the businessmen are political people only. Politics in India is done by most corrupt and hated people among the masses. So that is why the business scenario in India has to be a ghetto affair and most of the businessmen are more than below average filthy-rich people who started their activity by their corrupt daddys money.
People in some parts are becoming crorepatis within a day because their lands are sold at such high prices to the MNCs and private companies. And when they start making these cost of living soars high irrespective of the infrastructure. So many problems- water, roads, dusty streets, bad transportation and then to have a simple lunch in a restaurant costs ~ rs 100 e.g. Gurgan
RE:cost of living
by swapnil sakri on May 01, 2008 12:41 PM Permalink
You are right rakesh. from where this "cost of living" is coming into the picture? when we are talking about the dark side of job hikes in india.
Thisarticle shows the current status of the employees. right now, if any persond doing MBA from any lesser known institute, his family sets mind that "he is so safe". Now he gets easily very good salary job, but now a dyas this dream is on the way of dream only.
