The Hindu Business Line : Binding the employee

It seems like Indian companies do not want to learn from successful companies abroad but want to continue the exploitative methods of the erstwhile `private sector' in India.

The best companies never have bonds. They automatically retain talent because they are the best — and sometimes they need not pay very high salaries to be the best. They also have other facilities that make employees not want to leave, some instances being SAP, Google, and even Microsoft. European companies are better in this respect.

The intellectual property excuse does not seem to hold water. It all depends on the integrity of the employee. Otherwise, why would the same company outsource its IP to two different companies?

If that is the case, obviously, the templates of both are going to the same client.

Besides, what happens to the IP after the bond period is served?

In fact, after using the "templates" for a considerable period of time, the employee is more likely to use it in the new place than if he is allowed to leave earlier.

Bonds are signed to `retain' talent by paying employees a salary much lower than they deserve and giving them less facilities — where they cannot even ask for a decent bargain as the employee cannot even leave if he is unhappy and not treated well.

Kaushik Das

New Delhi

Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in

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