News: Rejecting a job offer? Get ready to pay penalty

Strategic HR

Rejecting a job offer? Get ready to pay penalty

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.

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.

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Topics: Strategic HR, #Jobs, #Corporate

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