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29-12-2010, 05:47 PM
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Junior Member
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Join Date: Dec 2010
Posts: 4
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(advise needed) Training bond and contract signing
I was offered a job in an engineering related field ( cannot disclose the name of the MNC company I am sorry ). They offered me a 2 years training program locally and overseas followed by a 4 years training bond. The first 2 years of training I will be paid only allowances which is just enough to get by. And other benefits will only kick in after I completed the 2 years training. Which include decent salaries.
My main concern is what are the things I should take note before I sign the contract? I have worries of what if I want to get out of the company ( due to unforeseen reasons ) but I have to pay the huge sum to break the bond. I will definitely have a lawyer look into the contract before I sign. But would like to hear the advise in the forum. I have looked into the worst possible outcome not to expect it to happen, but to prepare in case it happen. Nobody signed a bond to break it, but what ifs can happen. What are the things I should take note, ask, negotiate ?
The worst possible outcome I can think of is generally a need to break the bond and pay the 6 digit sum. Frightening amount. ( I heard NIE teachers who want to break the bond after a 4-5 years study have to pay roughly a 6 digit sum as well ). What is the worst possible outcome, or possible scenarios that might happen ?
And a last question, what other fields required employee to sign training bonds in Singapore ? I know of airlines ( SIA), foreigners studying in Singapore ( study bond ) , foreigners working in Singapore through a program ( work bond ). And of course mindef and NIE teachers. Thanks !
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29-12-2010, 06:43 PM
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Junior Member
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Join Date: Oct 2010
Posts: 5
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your so called internship is with the edb strat?
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29-12-2010, 07:42 PM
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honestly, if u have choices, a bond is not a good option..bcus it takes away the phase when u can actually put fite, go for higher studies, change fields, etc...
however, if u dont have an option, take it...it will launch ur career...if u dont care for it much, it gives u the security to plan for future...u can plan to do MBA, or some other degree , etc...
what is good for one can be bad for another, and it all depends on ur talent n options...
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29-12-2010, 11:47 PM
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Junior Member
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Join Date: Dec 2010
Posts: 4
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Quote:
Originally Posted by wulala
your so called internship is with the edb strat?
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Hi, it is not with edb strat.
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29-12-2010, 11:49 PM
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Junior Member
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Join Date: Dec 2010
Posts: 4
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Quote:
Originally Posted by Unregistered
honestly, if u have choices, a bond is not a good option..bcus it takes away the phase when u can actually put fite, go for higher studies, change fields, etc...
however, if u dont have an option, take it...it will launch ur career...if u dont care for it much, it gives u the security to plan for future...u can plan to do MBA, or some other degree , etc...
what is good for one can be bad for another, and it all depends on ur talent n options...
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I can't agree more, a bond binds me down. I am still looking at other options. What is fite ?
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16-01-2011, 09:58 AM
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Junior Member
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Join Date: Dec 2010
Posts: 4
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up, need more advise.
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23-03-2011, 06:50 PM
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Unable to Complete Training Bond = No hope for Civil Service Jobs?
My ex-company had sent me on a professional development training, and i was to complete a minimum service period upon completion of that training (it is NOT scholarship related). However subsequently due to health reasons that surfaced while I was serving my minimum period, my health conditions rendered me unable to fulfill my duties in this particular job portfolio. So i had to resign, thereby "breaking" the "training bond". As per agreement signed, I actually returned the training costs incurred to the company upon my resignation.
I am hoping to apply for other suitable jobs, hopefully in the public sector/civil service. However with this "history" of not completing my minimum service period, would I be seen as a bond-breaker and be discriminated against in my job search within the public sector?
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