Service contract

Consult Apprenticeship Act

This is an intesting thread and discussion.

Consult the act and check if your industry and your company can enroll apprentice.

Many consultants speciaise in crafting the agreements and may be happy to issue notice and file cases on your behalf.

Employees may find such companies repelling.

You have posted that "so we want the employee must work with the compnay for next one year with our salary package and our increment policy." The problem and resoloution is in the lines written by you.

If employee is sure that he/she shall be getting adequate compensation,increment, and career employee shall stay.

If the training you provide is to enable the employee perform the work/job assigned by company to employee and it does not add to qualification and special skill of the employee, it may be difficult to succeed in court of law.

You may evaluate the training being provided to employees.

Although many employers do make the employees signservice agreement/bond the fact is that  number of properly informed employees has also increased.

You may find the attachment useful.

Dear Sir,

Though you may not charge anything for the training given, but if you want to retain the talent, then you need to draft a proper service agreement cum bond on a stamp paper and put in a clause for liquidated damages in case the service agreement is not honoured.  Then, only those who are seriously interested in the job will sign the bond.

unfortunately you have not mentioned or shown the contract. some companies have the thing that it is not a contract. if you have signed any agreement or contract you can ask for breach of contract money if bond you cannot ask any money . some companies terminate peoples services and tell them to resign