Employment/training bonds, to accept or not?
Moderators do not remove this post or ask me to move it to random discussions. This topic has been escalating in my network and we don't want to start normalizing bonds in the future, don't we?
The answer is simple actually. DO NOT ACCEPT A JOB IF THERE'S AN EMPLOYMENT or TRAINING BOND! Sure that's the only job you can get now and you could argue that if there is another offer without one, you'd reject this in a heartbeat.
But please, if you accept in one. Don't complain or ask how to now pay the penalties. BTW, this isn't about how you can go away not paying them any, but it's a matter of wasting your time and tenure because you can't get your exit documents without paying. Not only you wasted 1 year in that company, but also in a roadblock to include the company in your CV since you can't show a COE. Oh wait, you can fake one by asking it for bank or travel purposes.
With 77Global, etc., back hunting for applicants, a most fresh graduates and career shifters don't know how notorious they are about this. Can't blame them for not knowing of the modus/scheme, but rather is the lack of eagerness to validate the company that concerns me most here.
Going back to the topic. Some would then say, but what if the penalty is 100k, but it can be paid out in 3 months (after all expenses). Would the bond mean nothing? Sure, then again you could have spent the same 100k on other things or should I say the same materials for possibly half the price.
Posted Feb 4, 2023, 7:08 PM UTC
I would like to disagree because of this black-and-white thinking you in particular always have with bonds.
As a disclaimer, my first job had a bond where I learned a lot. I did not waste my time there and I did learn a lot. I wasn't really fond of the idea of job hopping either, bond or without bonds, so the idea of salary did not matter as much. On top of this, management was kind and there were varied opportunities to learn in several areas.
The topic of bonds may be iffy for some because it is an actual time commitment spanning months and even years. But I will disagree with your view that all bonds are bad. Leave it to the applicant too to have some due diligence on the topic. Work for a shit company, and you will get treated like shit. Work for an actually good company, bonds with or without, and time will fly by.
I will have to agree with the fact that some companies are predatory. But, again, due diligence
Same opinion on my end. I also came from a company with training bond but I never saw it as something negative. The company itself help me with my growth and gave me knowledge on various fields.
If your training turned out well and you got a good/pleasant working culture, good for you. But let me challenge you to place your shoes on those who accepted a bond but whose employer or working culture is trash (frequent overtime, etc.), would you just continue until the bond expires or find ways to get out of the bond? And how would you get out of the bond "without" paying anything but able to have your exit clearance checked?
Sure you can do your due diligence about the company and the agreement you'd be signing to. But there are events that you just can't control (ie. change of management, etc.)
Overtime as long as it's paid is fine. For those you're mentioning having frequent overtime and all, as long as it is paid is all fine. I've also experienced the same since the company I've worked with is an outsourcing company. We worked overtime multiple times due to prod bugs as well as for catching up to due dates. Its just on how you would thrive on that situation, also to take those experiences with you since all those challenges will back you up once you go job hunting again.
For the bond, I had a senior where he's only into 1 year of his 3 year bond but proceed to resign since he got a better offer. He paid off the remaining two years bond and now is on a better place with his career.
You weight out all your options always. Bond is always not a bad thing or so, just make sure you read out all the details and understand the contract.
If I've been in a bad environment or so, I'll just continue to work all through out the bond and resign as soon as its done. I'll make sure I learn from every hardship so I could easily find a better offer next time. Since it looks like the ones your talking about are those who doesnt have much choice since they're quite stuck with the offer from companies who have bond instead of the other companies who dont.
Sorry man play stupid games, win stupid prizes