I would be pleased if you enlighten me on following questions-----
1. Can an employer make an employment agreement or bond mandatory for a specific period say 1 year for the employees who are newly joined? Because of the growing labour turnover / attrition and to reduce cost of recruitment process?
2. Can he add following conditions in his employment bond?
a. keeping original documents
b. keeping a lump sum amount as deposit
c. a clause of to pay xyz amount of money as an indemnity in case of leaving / absconding from the job
d. deducting xyz sum of amount from monthly salary of employee as a security for the period of 1 year
e. can he (employer) terminate an employee before completion of period of agreement on any grounds who has signed a bond?
3. Also do employee bonds really have any value? Are they enforceable in the courts of law?
I heard that No Law in the country supports employee bond VALID???? Means even if any employee has signed a bond and if breaks it before a particular period of time, he is always given protection from the Court and he cannot be sued???
4. To make a bond VALID & ENFORCEABLE in the court of law, what precaution / legal things an employer should keep in mind???? (Like type of bond paper, witnesses etc)