Is there any bond in Concentrix?

No, there is no bond kind of thing in Convergys India.

Can I break the bond of a company in India?

14 Answers. Legally speaking, any bond that any organisation signs with an employee stands null and void as per the Constitution of India. The company might stop your relieving letter at the most for this 2 months tenure which I feel has little or no value even if you get that.

Is Concentrix part of Convergys?

Convergys is now part of Concentrix. In a world full of average, we stand out. We believe experience is everything. To achieve outstanding results, we’re disrupting the market by being absolutely obsessed with making our clients’ businesses better.

Does Concentrix have background verification?

Yes concentrix requires background check, unless you can show a valid passport. A very thorough kind background check is done and also a charge is levied.

Do companies have to repay bonds?

They can be used to replace bank finance, or to provide long-term working capital. The main features of a corporate bond are: the interest rate paid to the bond owner – this is usually fixed. the redemption date – when the nominal value of the bond must be repaid to the bond holder.

Is it mandatory to serve notice period in India?

The Company’s policies and procedures are the supplementary aspects. The constitution of India provides the fundamental right to every person to choose the profession of his choice and any agreement contrary to this is invalid. The Company cannot force you to serve the entire notice period.

What happens if I don’t work my contractual notice period?

An employee that refusing to work the notice period detailed in their contract is technically in breach of their contract and they should be reminded of that. However, the only immediate consequence is the employer does not have to pay the employee for any part of the notice period not worked.

Is Bond valid in India?

Bonds are applicable only if the company has spent money on the personal grooming and enhancement of the employees, but not just a training that helps employees perform better. Also, to prove that the bond is legal, it should not be one sided or just favour the employer.

How often does Convergys India hire new employees?

So you will find hiring to be on in Convergys throughout the year. Exception are for technical process where hiring process open every 2-3 months. Writing this in capacity of someone who has worked with Convergys for around 18 months for their Pune , India site. Convergys , India is basically ITES/BPO company.

What happens if a bond is not paid under contract?

If the contracted party fails to fulfill its duties according to the agreed upon terms, the contract “owner” can claim against the bond to recover financial losses or a stated default provision. All contract bonds guarantee the performance and or payment of the obligations under contract. What is a bond for construction?

What do you need to know about a bond contract?

A bond contract is a recorded promise made by an employee to the employer pledging that he/she will pay a certain amount to the employer if he leaves the organization before the agreed period. This agreement is usually made when an employee joins a new organization. Is it a good idea to implement Employment Bond Contracts?

Is it legal to force employees to sign bond contracts?

Asking employees to sign bond contracts has become a notorious method of decreasing attrition in organisations. The problem, though, is that the law does not permit the legal enforcement of such contracts. This is also common knowledge among employees.