Comments on Talent and Social Business: IT firms dupe employees

what would u suggest to restrain new recruits from...

2009-06-11T10:43:26.643+05:30

what would u suggest to restrain new recruits from leaving job after training. Its a common problem in smaller companies.

regarding security deposits and job switching, I b...

2009-06-10T15:38:35.688+05:30

regarding security deposits and job switching, I believe prospective employers at times are ready to pay out the bond money if the employee really suits the requirements. And who is to guarantee that the money is not being used by organisation to inversu in business or atleast earn interests from bank deposits. Do the employees who stay their tenure get any dividends on the money depoisted?

Asking for security deposit truly send multiple wrong signals right from the first day.

@ ppd - please note that both articles Gautam talk...

2009-06-09T06:24:23.858+05:30

@ ppd - please note that both articles Gautam talked about are about Freshers and New recruitment. This is kind of inevitable evil. And my case also stands for the same category.

Further - Though experienced , skilled (!) don't pay probably in local market - they do invest similarly for abroad opportunities . Big Indian firms are also well known to request some bond or monetary liability before sending employees on site.

As commented by "The HR Store" - trust is two way street - unfortunately Indian employer and employee both have missed it out.

I'll agree with you on the 'lack of trust&...

2009-06-08T16:48:12.919+05:30

I'll agree with you on the 'lack of trust' part. It's a two-way street.

I've known of similar incidents in Bangalore too. However, they happened in an upswing market. So I'm not sure if the market has any relation to such activities. It could be plain lack of awareness among job seekers coupled with longer terms of unemployment.

Would I take or give security deposits in exchange for work? No way.

i totally disagree santosh sali comment. No good o...

2009-06-08T16:20:05.747+05:30

i totally disagree santosh sali comment.
No good organization take money as deposit security.If some one really have good work experience with good technology ,why he/she will be join another company with depositing huge security money.those are giving money are mainly freshers and fraud employer take this chance from freshers job hunter.

Gautam , On this comment "I personally am a...

2009-06-08T10:43:16.662+05:30

Gautam ,

On this comment "I personally am against firms taking any kind of 'security deposits'. I think they are a stupid and short sighted measure. They denote a lack of trust."

I beg to differ.

In good and flourishing times - employees ditch the firm - or use existing offer letter to bargain with another firm. Industry has nurtured this behavior. Sizable and big firms can sustain from loosing such employees. But SME face difficulties.

To buffer - they do go for security deposits ,But I agree that this must be done on legal documents.

Much better way is to furnish bank guarantee - where money is safe for both stake-holders till breach of contract. I have worked with this in past and it work wonders.

With Regards
Santosh