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It seems that in India, it is common for new employees to sign an employment bond (or simply bond) - meaning they agree to pay a certain sum of money if they leave their employment before a certain timescale (typically 1-3 years).

Similar agreements exist in other countries, but usually only if the employee is provided specific training by the employer (for example, "we will pay this training for you, but you will have to pay it back if you leave within a year"). Employment bonds are different in that they are generally (as far as I understand) not based on training provided, but simply used as a way to retain employees.

Further reading:

We have several questions about this in this site (just search for "bond india"), but no tag, let alone a tag wiki.

Is there any opposition to introducing a tag for this? I propose:

employment-bond

I'd also add a short tag wiki:

Employment bond, or bond, an agreement between an employee and their employer, which requires the employee to pay a certain sum of money if they leave their employment before a certain timespan (typically one to three years after the start of employment). Particularly common in India.

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  • When you say "Particularly common in India", it makes me think that it's... pretty common in India. Not pretty common relative to other places. (I do not know how to word it better). – Gregory Currie Oct 7 '19 at 10:55
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    @GregoryCurrie: To me, "particularly common" implies "more common than in general" - but I'm not a native speaker. Feel free to propose a different wording :-). – sleske Oct 7 '19 at 11:14
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As there was no response (and some upvotes), I went ahead and created the tag:

I also wrote a short tag wiki, and tagged some applicable questions.

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  • Are all the questions on the site where people ask about having to payback money for training and moving expenses going to be added to this tag? – mhoran_psprep Oct 8 '19 at 10:36
  • @mhoran_psprep: Good question. AFAIK, the term "bond" is only widely used in India - however, the concept exists elsewhere. In many countries, there are legal limits for such "bonds" - e.g. in Germany they may only be imposed for repayment of specific cost incurred by the company (such as training). Also, such repayment agreements can be made after hiring, while an employment bond typically starts with the employment. I'll edit the tag wiki to make the distinction clearer. – sleske Oct 9 '19 at 6:50
  • Sometimes it is also known as "service agreement". – Kulfy Oct 9 '19 at 18:15
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    +1 - should it be mentioned or linked to the relieving-letter tag? – rath Oct 14 '19 at 17:33
  • @rath: I don't see a direct connection between the two - but if you do, feel free to edit the tag. – sleske Oct 18 '19 at 9:22
  • @sleske I don't either, but I'm not familiar with either topic. I thought they might be related, if they're not, no worries :) – rath Oct 18 '19 at 11:27

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