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why some sap companies are asking for monetary bonds?

Former Member
0 Kudos
521

Hi all,

I have done SAP SD certification last year i.e 2016. Till now I am jobless and my center(ATOS) is sending me jobs by email where they are asking for monetary bonds!! I have to give a cheque of XX amount of to the company & also sign an agreement that my money will be taken by the company if I leave before 2 or 3 years(whatever no of years the company wants). And the amount is not a small amount ,some are asking 3 lakh Rupees ,some are 2 lakh and some are asking 80k. How can a candidate like me who have already taken educational loan for such an expensive certification (near to 4 lakh rupees) again arrange for the money ,again take risk to give such money to the employer as bond? Some instead of asking money are asking for all the educational certificates!! Why are such unfair practices going in such good companies ,some even are SEI-CMM level 3 company!!

Now I ask advice from experts and SAP board members should I give cheque to such companies as pressurized by ATOS India placement officers? They are telling why are you afraid & why will you leave the company before the stipulated time. I said maybe I am not satisfied with the company environment or some others reasons & also they can have a legal bond instead of asking for money or educ certificates.

Thanks & Regards

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Colleen
Product and Topic Expert
Product and Topic Expert
0 Kudos

I've heard of this happening and am grateful the country I live in does not have those practises

Out of curiosity, if you had to hand over certification would SAP India reissue your certificate? I'm not suggesting you do this but how can you actually hand something over that can be reprinted or verified?

Regards

Colleen