For security or Checking attrition

It’s true that many firms invest a lot in training freshers. They not

only impart technical trainings, but also trainings on leadership,

communication, cross cultural sensitivity, etc which helps employee’s

develop their personal skills as well. So it is justified for this

kind of bond to exist, because any such training outside the corporate

would definitely cost more. Whether it is for security of the company

or in lieu of checking attrition, in both the case it sounds apt. But

should it hold good for other cases as mentioned?

Let’s consider the case of ‘Overseas bond’ for some companies. Company

invests on an employee’s overseas opportunity based on his/her

performance. If the candidate was not good, he should not have been

identified for the opportunity. Then why should he abide by any bond,

if he is already performing well, and this is kind of an incentive.

Also, the employee, in this case, represents the company in the highly

competitive industry using his knowledge and skills. If there is a new

business, as a result of his performance abroad, then the company

profit outweighs its cost incurred for the employee’s visa.

I personally feel, these bonds are worth if it helps you in career

progression. Else, it would be wiser to find for other options rather

being in a cage with restrictions.