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Employees are contractually obliged to pay the employer a certain sum of money if they quit before the contractually agreed period. Usually ranges from 1-3 year
by asto 14y ago
Employees are contractually obliged to pay the employer a certain sum of money if they quit before the contractually agreed period. Usually ranges from 1-3 years and the sum from 2,00,000 - 5,00,000 ($2000 - $9000)
Although, one of my professors in college (I majored in finance) told us that the labour laws in India forbid such contractual obligations and you can get away with not paying the amount asked.