Job aspirants, who accept a job offer but don't join, may have to pay a penalty, Economic Times reported. Phillips Carbon Black inserted a 'penalty clause' in its offer letter to 15 candidates holding them liable to pay 5% of offered salary (CTC) if they accept the offer but don't join.
After rechecking with the HR, two of them refused to take the offer and one vice-president hopeful had to pay Rs 4.5 lakh for breaching it. "It takes us back by months if a probable employee backtracks. We ask them to think twice before signing the offer letter," says Sabyasachi Bhattacharya, executive director of human resources (HR) of the carbon maker.
Read the full report here