Employee bond/agreement

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This discussion revolves around an employee's concern about signing a two-year employment agreement with a new company for significantly less pay due to the pandemic. While the employee feels it's akin to 'bonded labour', others advise viewing it as a standard continuity agreement. The advice suggests focusing on the positive aspect of being employed, understanding the company's potential challenges, and proving one's value, rather than dwelling on the reduced salary.

Vijay Mishra

Vijay Mishra (Querist)

05 March 2021 Dear Sir,
I would like to share one of my problem. I had been working with a company since last 8-9 years. Due to this deadly COVID i became workless. Being at home for almost 6 months i joined a new company on a salary of only 50% which i was getting earlier. Due to my own financial problem, i had no choice and i joined here. After joining they asked me to sign an agreement for 2 years employment. Ab marta kya nahi karta, i signed the same, it was on 10 rupees stamp paper. Please advise, can a company make a senior worker who has working experience of almost 20 years of experience as like SLAVE OR BANDHUA MAJDOOR.
With regards / Vijay

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 March 2021 To ensure continuity such agreement are obtained. Don't think it as slave or bonded labour. Think positive.

Vijay Mishra

Vijay Mishra (Querist)

06 March 2021 Thank you very much sir for your reply. But how can someone survive if he used to get 1Lakh salary and he will get half of the same forever. Don't you think that company is doing some extra smartness ? Sorry for my word, but company should also also think about the employee's welfare.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

06 March 2021 Think always positive. Be happy you are employed. Learn to live happily within your earnings. The company will take care of you prove yourself.
You don't know how the company is facing the pandamic situation and it's competitors.

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