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need your help in joining the company

 
Jyoti Vaskar
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Hi all.

I have got an offer from a product company at Mumbai as a software engineer.
It's having a bond of 1 yr which if is broken have to pay 1,00,000 INR.

I don't know much about this company.
But its not a big company.
It has almost 40 employees working & have only 1 branch at Mumbai.

I'm confused now weather to join this company.
Shall I believe the company & join it?
 
Sagar Rohankar
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Whats the pay and technology they are offering ? What are the current projects they have, any known client ?
 
Jyoti Vaskar
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Sagar Rohankar wrote:Whats the pay and technology they are offering ? What are the current projects they have, any known client ?


pay is 1.8Lpa & its on java/j2ee.
on its website they have shown lots of clients like HDFC bank, Whirlpool, Birls sun life insurance,Reliance capital,unitech,asian paints,cadbury,sony tv etc
They have mentioned their products as eHR, travel & expenses,CRM.
Its a company from 1996.
 
Sagar Rohankar
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If you're fresher and desperate about a job, then go ahead. If you have experience, then choice is yours, you decide, because MNC started hiring now a days.
 
Jyoti Vaskar
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Sagar Rohankar wrote:If you're fresher and desperate about a job, then go ahead. If you have experience, then choice is yours, you decide, because MNC started hiring now a days.


actually I just wanted to know is there any harm in joining such kind of companies as it can be fraud.
 
Sagar Rohankar
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No harm, except the low wage for a year span and if a much better opportunity come, you've to pay rs 1 lakh.
 
Vinod Tiwari
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I would not recommend you joining it unless you desperately need a job as salary is too low and considering Mumbai would be a costly city.... with recession ending a lot of Indian IT companies are hiring and you can better deal there....

However I don't see any harm joining there...
 
Jyoti Vaskar
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thank you guys.

I do have a 1.5 yrs exp in java & recently a big 1.5 yrs of gap as well.
Hence after such a long gap & struggle I got this offer.
Even though my last sal was 13K I agreed on this agreement as I want more exp on Java as well in struts/spring/hibernate/webservers.
Hence I decided to join & hope after an year when agreement gets over I'll be in a status to get a considerable amt of salary & a higher position as well.

thanks for your co-operation Sagar & Vinod .
You gave me some confidence as well.
 
vijay jamadade
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Hi Jyoti,

I would strictly say NO. Because nowadays MNC companies are hiring number of people who can join on urgent basis. Also they are offering good salary as compared to what you are getting. I think you should wait. Use your friends network for refering your resume.


I am talking this on self experience. One year is less but i have suffered this for 2 years. too frustrating...
 
Sandeep Awasthi
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Many companies are already hiring. My guess is after march companies will start hiring more aggressively. This may be the reason they are asking bond. My advice is not work on such a low salary. But it depends on your priorities. If you have B.E./BTech qualification, you can look for other options.
 
Jyoti Vaskar
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Sandeep Awasthi wrote:Many companies are already hiring. My guess is after march companies will start hiring more aggressively. This may be the reason they are asking bond. My advice is not work on such a low salary. But it depends on your priorities. If you have B.E./BTech qualification, you can look for other options.


Hi Sandeep! hru?
I'm still following your tips.

I'm a BE but I guess in this company I'm getting to learn on struts,hibernate,spring & various(all) web services. Lots of learning opportunities are here as clients are many & its a small company as well.
So I thik I'd join it & after 1 yr I can move to a good opportunity with good a package.

What do you think?
 
Sandeep Awasthi
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I am doing good. Thank you.

I do not trust small companies specifically what they say in interview.

If you want to join. Go ahead and join.

It is possible to break bond. How to do that, take advice of legal advisor. But do not give any hint to company about these plans.

All the best.
 
srishal singh
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Hi Jyoti,
the salary offered is less. You have some experience(better than a complete fresher).
Do you know about cost of living in mumbai (assuming you are from outside)?
This company ( 40 people) operating in business since 96 . They should have grown big if it was a good company/business. It s probaly not good.
Sounds fishy to me.
How can you so sure that they will offer you challenging work? What kind of training they provide you that is worth this bond?
If you need it desperately ask them if they can hire you without bond without looking desperate for a job.

Let me know if this helps


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