1. #1
    Unregistered

    Why software companies ask us to sign the bond?

    I am just a fresher out from college and now I want to know why is the software companies ask us to sign the bond. Will my future be bad if I sign the bond and join the company? Is it really difficult to come out of the company after signing the bond? Please provide your suggestions on this.

  2. #2
    avikiit Array
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    Re: Why software companies ask us to sign the bond?

    Hay....
    For the solution of this problem, I should know, after which course you had joined the software company.. If you have joined the company after
    B. Tech.(On Core Branches) then the bond may prove harmful.. It may affect on your career.. but if you have joined after BCA/MCA/B.Tech(Branch CSE) then you may join
    this company for your better experience.. But first of all you should aware of the company status and paying salary...

    ALL THE BEST.....

  3. #3
    premlata Array
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    Re: Why software companies ask us to sign the bond?

    Hi friend

    Softwares companies or even most of the big companies ask you to sign a bond because they have to spend a lot of respurces-financial as well as material on the recruitment process and thus when they select a certain employee to join their company they require him to stay for atleast a certain amount of time in the company during which period he will provide his services to the company and thus will make up for the amount spent by the company on the recruitment process atleast..Thus they require their employees to sign a bond..

    Also if the employee leaves early then they would have to select another one in his place thus again leading to wastage of their resources ..Thus to prevent this wastage they require you to sign a bond..

    Also if you sign a bond i dont think it will affect your future but before joining or going to interview of a certain company , you should fully know about the company in in-depth details especially the work environment, the chances of growth and the conduct of the seniors oficials..You can talk to the employees of that company regarding this or search on the net..

    Also if you do sign a bond you should make sure that you complete it with the required formalities before resigning or leaving your company as if you do something illegal not only you will get punished for it but it will also be a bad mark on your reputation and will hamper your future..

    So think rationally and act wisely..Good luck..God Bless

  4. #4
    Ashok Array
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    Re: Why software companies ask us to sign the bond?

    Quote Originally Posted by Unregistered View Post
    I am just a fresher out from college and now I want to know why is the software companies ask us to sign the bond. Will my future be bad if I sign the bond and join the company? Is it really difficult to come out of the company after signing the bond? Please provide your suggestions on this.
    Dear Aspirant,

    You need not worry for such thing.There are some rules & regulations in order to give appointment to any eligible candidates.The purpose of taking bond from the candidates is to run the company smoothly.See each & every employee of the company has to bear some responsibilities for the sake of the company.

    The bond is to work for certain period say for 1 to 3 years.If you breach the bond you will have to pay back certain amount of money to the company.suppose if the company has no any clause with regard to bond & notice period,then the employee will leave the company any time without even informing to the management.In such case it would be very difficult to run the company/organisation.

    So being fresher,you plan for future.If you are interested for higher study,need not join job with a bond of more than one year.If you are over sure of getting better job than the present job,here also you can do the same thing.

    Hope you are satisfied with the above suggestions.

    Thanks.

    Ashok





  5. #5
    Chittaranjan Array
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    Re: Why software companies ask us to sign the bond?

    as far as soft ware company is concerned need's precaution to keep their staff quantity as it is in order to keep production intact and to keep goodwill of the company intact.it is quite natural demand of software employee always in ups and down trend.

    Think if a lot of trained employee serve notice then it is impossible to the company to maintain it's position ok so they want bond which enable's company to keep it's position intact in all respects,thus company feel's comfort from noticing by the staff as and when needed.generally the question of compensation does not come unless any individual get's very very good offer,then concern employee compensate as per bond/norms to get cool/clear releasr order/character certificate/experience certificate etc.

    Thank you,


  6. #6
    ozvert Array
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    Re: Why software companies ask us to sign the bond?

    Hello friend..............

    Most of the companies will ask you to sign a bond because
    -for any fresher ,IT company will offer 3-6 months of training period.So if you left the company after this period then it time and capital waste for companies.
    -Espicially if you left company after training from its competetor ,then particular company is indirectly providing trainees to its opponent.
    -To prevent leakage of confidential matters to others
    inorder to avoid this situation you have to sign a bond

  7. #7
    mahhiads Array
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    Re: Why software companies ask us to sign the bond?

    Hello Friend,

    Most Of Software Companies Sign The Bond From The Fresher Candidate Because Company Spend The Money In Your Training So Company Want The Work From Trainer Candidate, So That Is Reason Of Sign The Bond......... And Also That Is Beneficial For You Because Work Experience Is Important For The Career Life....

  8. #8
    sampath Array
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    Re: Why software companies ask us to sign the bond?

    hello sir,
    as your fresher you look for a good salary and growth in comapnies and also not hesitate to turn your head to the compnies which provide this facilities whether you are recruited or non recruited. comapanys generally look for candidates to work in their compnies on a regular schedule and doesnt like their employees to easily migrate to other for that reason they make bonds for a certain duration .the bonds are made so that the worker works without looking any other jobs during that bond period so it is difficult come out of bond if you already signed on it.

    thank u~~

  9. #9
    abrocks Array
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    Re: Why software companies ask us to sign the bond?

    Hi friend

    A bond is the minimum period for which you are required to give your services to the company and cant resign or leave your company before this period..So if you sign a bond with any company you should not try to break the same otherwise you will be liable to whatever is written in the company policy..

    If the opportunity you have got is irrestible and its good for your future then you should certainly not be afraid to sign the bond..Also see that the company is reputed and has good professionalism and growth opportunities..

    And once you sign the bond please try to adjust in the company as it will be good for your future..The companies usually make you sign bonds so that you dont leave or resign early and if you do so they will have to recruit someone else again at such a short notice leading tp problem for them..So they want their employees to atleast stay for a certain period and can then leave if they are dissatisfied..

    I hope you understand..Good luck..Thanks .

  10. #10
    Boss Array
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    Re: Why software companies ask us to sign the bond?

    For the answer of this downside, I ought to apprehend, once that course you had joined the package company.. If you've got joined the corporate once
    B. Tech.(On Core Branches) then the bond could prove harmful.. it's going to have an effect on on your career.. however if you've got joined once BCA/MCA/B.Tech(Branch CSE) then you will be a part of
    this company for your higher expertise.. however 1st of all you ought to conscious of the corporate standing and paying wage.
    Softwares firms or perhaps most of the massive firms raise you to sign a bond as a result of they need to pay plenty of resources-financial in addition as material on the enlisting method and so after they choose a definite worker to affix their company they need him to remain for atleast a definite quantity of your time within the company throughout that amount he can offer his services to the corporate and so can structure for the quantity spent by the corporate on the enlisting method atleast..Thus they need their workers to sign a bond..

    additionally if the worker leaves early then they'd have to be compelled to choose another one in his place so once more resulting in wastage of their resources ..Thus to stop this wastage they need you to sign a bond..

    additionally if you sign a bond i dont suppose it'll have an effect on your future however before connexion or planning to interview of a definite company , you ought to absolutely comprehend the corporate in in-depth details particularly the work surroundings, the possibilities of growth and therefore the conduct of the seniors officers..You can sit down with the staff of that company concerning this or search on cyber web..

    additionally if you are doing sign a bond you ought to check that that you simply complete it with the desired formalities before resigning or exploit your company as if you are doing one thing extralegal not solely you'll get rebuked for it however it'll even be a foul mark on your name and can hamper your future..
    The bond is to figure for sure amount say for one to three years.If you breach the bond you'll have to be compelled to pay back specific amount of cash to the corporate.suppose if the corporate has no any clause with respect to bond & notice amount,then the worker can leave the corporate any time while not even informing to the management.In such case it might be terribly troublesome to run the company/organization

  11. #11
    sidharth9889 Array
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    Re: Why software companies ask us to sign the bond?

    Software take up multinational project they want to assign these projects team and sets them targets and project completion dates so an employee hired by the company can't leave the company in middle of project.. The project completion takes about 2 years to complete hence they will ask you sign the bond...

  12. #12
    ealp Array
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    Re: Why software companies ask us to sign the bond?

    Dear friend:as you are aware now a days' company ask the employee to sign the bond because they close the chance of leaving the company randomly getting a minor increased remuneration to other company.this method is helpful for the company to recruit employee again and again unnecessarily.this bond system restrict's employee to change company getting minor recruitment.

    It is true and obvious if an employee get very good job then bond will not act accordingly the employee surely compensate and leave for very good job,however bond system is helpful to the company.

    Thank you,

  13. #13
    saikrishna polavarapu Array
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    Re: Why software companies ask us to sign the bond?

    Hi friend,
    The software company asks you to sign the bond because they are going to give you the resources and also they are investing on you.They always have a requirement of engineers for developing the application if you quit in the middle of the project the new person takes time to understand the project and they can't afford for this situation so, some of the companies ask to sign the bond.

  14. #14
    G.one Array
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    Re: Why software companies ask us to sign the bond?

    In an simple words, the reason due to which company ask to sign the bond is save the expenses and also time. You must know that Recruitement and selection process involves lot of cost and time. So by introducing bond, the company is sure that employee won't leave the company upto the period stated in bond and even if he leaves a huge amount of penalty has to be paid by the employee. Nearly every company has introduced bond their company and it also have it's validity period. Generally it will be above one year period. So you can't get the job without signing the bond but make sure that you have read the bond and it's terms and conditions carefully as you are abide by it.

  15. #15
    priyadharshini Array
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    Re: Why software companies ask us to sign the bond?

    Hi,
    It is because, the company (say X) plan a lot with regards to your career.
    And also they would have planned a lot financially.So, if all of a sudden an employee leaves X,
    it would end up in loss to X.To avoid such situations they usually have some kind of secure mechanisms like "BOND"

  16. #16
    Devi.career Array
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    Re: Why software companies ask us to sign the bond?

    Hello Friend,
    yeah now almost all companies made it compulsory to sign the bond before joining and in this bond the bond amount and bond duration is mentioned.
    Bond duration is a minimum period for which you have to work with the company
    and bond amount is the minimum amount you have to pay once you break the bond and leave the company in between.
    company keep these type of bond things only because they spend so much of amount to train a candidate,provide him salary and all other facilities .
    so inbetween if the candidate leaves the job then company have to bear all the loss.
    so in order to prevent candidates to migrate in between to other lucrative jobs this bond policy is there.
    yeah you can leave the job only what you have to do is pay the bond amount or leave the job dont claim for experience certificate ..
    Thank You.

  17. #17
    yogesh Array
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    Re: Why software companies ask us to sign the bond?

    hello friend Software companies do not want that any employee who get trained and experinced may be switch job accidentaly.Companies born all expenses over the fresher candidate and make those for challanging jo s..So it ask to you sign a bond.I think it will not affect your future but before joining or going to interview of a company you should pull all information about the company .Sometimes company torture to new employees if it signed more then two years.Be carefull that bond's exeeding limit of time should not much.You should analyze especially the working environment of the company and what is prosepective of growth.Every hard working candidate want incremental and higher profile so clear it first then you should sign the bond.thanks

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