Fed Up Indian IT Professionals Want To Be Able To Leave Their Jobs Sooner (mashable.com)
An anonymous reader shares a report: India's major IT firms have long required their employees to give a three-month, "non-negotiable" notice before leaving the company, but they could be soon forced to change that. Fed-up IT professionals from across India have reached out to the government, complaining that it is "unrealistic" for anyone to plan that far ahead. Over 28,000 professionals have signed a petition, addressed to the ministry of labor, to take immediate action on the matter. Part of the problem is that many companies are unwilling to wait for three months to have a person join them, many cited in the report say. Some of India's top IT firms including Tata Consultancy Services, Infosys, Tech Mahindra, HCL, Accenture and IBM impose the three-month notice period policy on their employees.
This is worse for many H1-B workers here in the US from major consultancies.
They sign on to 12 or 18 month commitments with penalties of thousands of dollars per month for early termination. They also can't begin work until they've provided a bond to cover this penalty. Their contracts also include provisions for binding arbitration, no class action lawsuits, a requirement to notify the employer before any legal action, and a gag clause so they can't talk about it.
Combine this with consultancy blacklisting and "Indentured Servitude" is absolutely correct.
Am in USA working for one of these companies. I have 3 months notice back in India and in USA also. If I quit and join another company in US without giving 3 months notice, I have to pay $10000. If I dont, its deducted from my gratuity in India.
Added to that, they give my name to a debt collection agency with some non enforceable contract details. It might not affect my credit history, but is a major hazzle to deal with the debt collection agency.
That $10000 is a major decision point in switching job and is the reason why am a slave to this company.
BTW, its an Indian subsidiary of an American international company. Not even a proper Indian corporation.