HRSINGAPORE Community Discussions
Study Bond - Update 2 (Replies)
Dear HR Professionals,
At present, my company does not have any study bond for employees that undergo training and thereafter the employees left the company after the completion of study.
I would like to know how do your company handles this issue and does the Union needs to be involved/informed?
My company study bond starts upon the completion of course.
- < S$ 5000 1 year
We have a letter of undertaking/understanding. First we sit down with the staff and explain the objective. We also let the staff understand the cost and opportunity invested. We request for mutual understanding and specifically ask for commitment of staff to stay on with the company for a specific period of time [whichever period is most relevant]. All that is said is put in writing and the staff counter signs his understanding and agreement.
The company I used to work at has two scheme.
For courses sponsorship
Up to 1k - 6 months
For Diploma/Degree/Post grad
10k - 1 year
Every 10k will increase 1 year.
For staff sponsored for further studies by the company, the length of the bond period is linked to the total monetary value of the sponsorship.
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