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HR Law Hotline: The Paradox Of Train But Retain: Impact Of TRAs On Employee Mobility

HR Law Hotline: The Paradox Of Train But Retain: Impact Of TRAs On Employee Mobility

Posted by By at 15 November, at 12 : 20 PM Print


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November 15, 2023

THE PARADOX OF TRAIN BUT RETAIN: IMPACT OF TRAS ON EMPLOYEE MOBILITY


This article was first published by BWPeople on November 10, 2023.


SUMMARY

The corporate market is stormed with intense competition. Companies heavily invest in training their workforce to outshine competitors. Yet, as these trained employees become more skilled and employable, a paradox emerges which companies must confront – the exodus of their trained talents in pursuit of “better” opportunities. This exposes employers to not only monetary losses but also project bottlenecks affecting their industry credibility. To avoid such issues, some employers prefer to sign a contract with new employees or employees who are provided expensive trainings for upskilling to ensure recovery of training costs if such employees depart before serving for a minimum retention period. Such contracts are popularly termed as training contracts or bonds.

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– Nipasha MahantaVivek Ilawat and Sayantani Saha

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The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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