Leaving with a bond?
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Leaving with a bond?
Hi guys,
I am thinking of working for a company that has an unusually long bond as it would be a good opportunity for the career. However I may not stay for the entire length of the bond due to location. (If I did leave however I would pay the remaining bond).
My question is for people who have paid their bond early (Not being chased down by the company). Does the company still resent you for it and ruin your references and also is it a red flag for your next employer or do they not really care? Thanks
I am thinking of working for a company that has an unusually long bond as it would be a good opportunity for the career. However I may not stay for the entire length of the bond due to location. (If I did leave however I would pay the remaining bond).
My question is for people who have paid their bond early (Not being chased down by the company). Does the company still resent you for it and ruin your references and also is it a red flag for your next employer or do they not really care? Thanks
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Re: Leaving with a bond?
They shouldn't resent you for it. If you leave and pay what you are due.. Good on you and it's fair game.
Also, don't forget the remaining of the bond you'll pay can be deducted from your tax;) I got a few 1000$ back that way.
Cheers and good luck.
Also, don't forget the remaining of the bond you'll pay can be deducted from your tax;) I got a few 1000$ back that way.
Cheers and good luck.
Re: Leaving with a bond?
It all depends on why you are leaving and if your next company sees it as a valid reason. Some companies even pay out bonds from other companies.
What do you consider an unusually long bond? If it is extremely long, it might not be enforceable. Then again, why sign it if you know you will break it?
What do you consider an unusually long bond? If it is extremely long, it might not be enforceable. Then again, why sign it if you know you will break it?
As an AvCanada discussion grows longer:
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
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Re: Leaving with a bond?
You are one up on the ethical scale from the company you would be leaving if you ask me. You are paying back the money that they spent training you. They should be praising you to your future employers.
Re: Leaving with a bond?
Let me see if I have this right. You know the company has a long bond, you know you won’t like the location and you are still thinking about taking the job? If you can’t make the commitment that they want don’t take the bloody job!! I’m sounding old but in my time if you made a commitment you followed through on it.I’m shocked that anyone would support you in screwing over a company.
This is the exact reason we have training bonds in the first place!!!
This is the exact reason we have training bonds in the first place!!!
Re: Leaving with a bond?
If he pays the bond why would he not be respecting his commitment?bcflyer wrote: ↑Mon Feb 10, 2020 5:15 am Let me see if I have this right. You know the company has a long bond, you know you won’t like the location and you are still thinking about taking the job? If you can’t make the commitment that they want don’t take the bloody job!! I’m sounding old but in my time if you made a commitment you followed through on it.I’m shocked that anyone would support you in screwing over a company.
This is the exact reason we have training bonds in the first place!!!
Re: Leaving with a bond?
Agreement to stay for a period or pay a part of your training, and then doing exactly that, is fulfilling the agreement you made.
Screwing over is an individual agreeing to stay for a period on a handshake and then not fulfilling that. Or vive versa, an employer not providing the work conditions and terms of employment inferred and hanging onto someone solely because of the bond commitment.
If you don't like the terms of the bond, why not negotiate something else? It's a pilot's market...
Screwing over is an individual agreeing to stay for a period on a handshake and then not fulfilling that. Or vive versa, an employer not providing the work conditions and terms of employment inferred and hanging onto someone solely because of the bond commitment.
If you don't like the terms of the bond, why not negotiate something else? It's a pilot's market...
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Re: Leaving with a bond?
At minimum paying the pro rate on the Bond should be done. Unfortunatlye what most people don't understand is the bond is the cheap part of what the companies put into you. There is a lot of time spent showing you the ropes that doesn't get billed. Let alone the image to the aircraft while you learn to fly it. Personally if you don't plan to stay the term the don't waste this companies time and money.
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Re: Leaving with a bond?
Does anyone know if it’s legal or at least “okayish” to offer to pay the company back in a few monthly payments? If I have to leave and can’t afford the entire amount but offer to pay it in monthly payments, is the company still allowed to sue me?
Re: Leaving with a bond?
Employee turnover is the cost of doing business.
Want to retain employees? Hire better and offer something that makes them want to stay.
I'm my experience, most of the companies requiring bonds are marginal in the terms/schedule they offer and really don't "put in" much beyond the minimum required by regulation.
Want to retain employees? Hire better and offer something that makes them want to stay.
I'm my experience, most of the companies requiring bonds are marginal in the terms/schedule they offer and really don't "put in" much beyond the minimum required by regulation.
Re: Leaving with a bond?
We have training bonds because companies are not increasing pay and schedule enough so they want to "force" people to stay.bcflyer wrote: ↑Mon Feb 10, 2020 5:15 am Let me see if I have this right. You know the company has a long bond, you know you won’t like the location and you are still thinking about taking the job? If you can’t make the commitment that they want don’t take the bloody job!! I’m sounding old but in my time if you made a commitment you followed through on it.I’m shocked that anyone would support you in screwing over a company.
This is the exact reason we have training bonds in the first place!!!
Whie it might not be financially smart, if you pay out the bond as agreed, you are honoring the agreement. Companies might still not like it, but morally you aren't doing anything wrong. If anything, bonds make it easier to leave with a clear conscience.
There are plenty of companies out there with bonds, and the majority know why they have bonds: because they either don't advertise the job truthfully, because it is a sucky job, or because the bond is soo high they would actually prefer that the employee leaves right before the contract is up.
If your bond exceeds your annual salary, it is a sucky job.
If your bond is not pro rated, it is a sucky job.
If the company claims it costs soo much to train you, yet they don't pay type rated pilots they are hiring more, something is off.
If the company claims it costs soooo much to traing you, so a high bond is warranted, yet your pay raise after one year is 1%, they deserve that people leave.
It is a two way street. If a company puts a bond in place because they are afraid people will leave, then, well, guess what, people will leave. If a company increases wages and schedule because they are afraid people will leave, guess what, more people will stay.
As an AvCanada discussion grows longer:
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
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Re: Leaving with a bond?
Why are you dealing with a bond in this hiring environment? At any rate, if something better comes along, jump ship. Paying the bond back doesn't protect you from a bad reference, by the way. If you weren't there long, don't use it as a reference. It's not as if you have PRIA, like down in the US where they track your commercial flying history. Companies, especially the Canadian 703 kind, generally like to ignore rules so that they can profit more. They use your license as toilet paper, so do the same with their bond. Good luck.
- rookiepilot
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Re: Leaving with a bond?
Once again, a thread seeking advice turns into a thread bashing small business's.
How many of you have quit your jobs to start your own business without any money or guarantees?
I guarantee if you had, see it differently.
How many of you have quit your jobs to start your own business without any money or guarantees?
I guarantee if you had, see it differently.
Re: Leaving with a bond?
Who is bashing small businesses?rookiepilot wrote: ↑Mon Feb 10, 2020 9:59 am Once again, a thread seeking advice turns into a thread bashing small business's.
How many of you have quit your jobs to start your own business without any money or guarantees?
I guarantee if you had, see it differently.
What's wrong with ending a contract, written by the business, while fulfilling the conditions of said contract (eg leaving and paying out what is left)?
As an AvCanada discussion grows longer:
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
-the probability of 'entitlement' being mentioned, approaches 1
-one will be accused of using bad airmanship
- rookiepilot
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Re: Leaving with a bond?
Nothing.digits_ wrote: ↑Mon Feb 10, 2020 10:11 amWho is bashing small businesses?rookiepilot wrote: ↑Mon Feb 10, 2020 9:59 am Once again, a thread seeking advice turns into a thread bashing small business's.
How many of you have quit your jobs to start your own business without any money or guarantees?
I guarantee if you had, see it differently.
What's wrong with ending a contract, written by the business, while fulfilling the conditions of said contract (eg leaving and paying out what is left)?
It's the editorials on business being scumbags for having bonds I don't like. Don't like it, go elsewhere. Or mop floors.
Sick of the small business bashing. Yeah it's a Canadian thing --------------
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Re: Leaving with a bond?
Some will, some won't. Depends on the person in charge. If they do threaten to make life difficult for you its just them pissing in the wind. Good on you if you're intending to fulfill your side of an amicable departure.Does the company still resent you for it and ruin your references and also is it a red flag for your next employer or do they not really care?
You're too sensitive. There's no business bashing here. Partly because most places requiring bonds are hardly "small" businesses.Sick of the small business bashing.
I'm not sure what's more depressing: That everyone has a price, or how low the price always is.
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Re: Leaving with a bond?
Honestly the worst enemy of small businesses are other small businesses. How many advertisements are there for “current PPC on type”?
Also.. I really don’t understand what’s so bad about low dividend tax, being able to write off everything, income splitting, having the customers pay your inputted tax, and having the employees pay your income tax remittances.
Also.. I really don’t understand what’s so bad about low dividend tax, being able to write off everything, income splitting, having the customers pay your inputted tax, and having the employees pay your income tax remittances.
Geez did I say that....? Or just think it....?
- rookiepilot
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Re: Leaving with a bond?
Easy money.iflyforpie wrote: ↑Mon Feb 10, 2020 12:21 pm Honestly the worst enemy of small businesses are other small businesses. How many advertisements are there for “current PPC on type”?
Also.. I really don’t understand what’s so bad about low dividend tax, being able to write off everything, income splitting, having the customers pay your inputted tax, and having the employees pay your income tax remittances.
How many small business's fail in the first 2 years, again?
- confusedalot
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Re: Leaving with a bond?
Cut through the rhetoric guys.
First off, a training bond is an unfortunate legal scam, and worse still, our canadian legal system thinks it is all OK. Google it and you will find that judges think it is all fine. So much for the legal system in Canada. No protection for the average joe in this place.
So....you need to do your homework in the sense that if it is worth it. You are on your own.
Signed a bond 30 years ago for an outfit that I would not have left anyway. Hard to leave a good paying 747 job. No issue.
Signed a bond for a retirement job in a king air out of good will, got screwed over because I trusted them, turned out to be a big mistake. But no matter, 7 months and I walk.
Buyer beware is the moral of the story. The legal system will not help you.
Cheers
First off, a training bond is an unfortunate legal scam, and worse still, our canadian legal system thinks it is all OK. Google it and you will find that judges think it is all fine. So much for the legal system in Canada. No protection for the average joe in this place.
So....you need to do your homework in the sense that if it is worth it. You are on your own.
Signed a bond 30 years ago for an outfit that I would not have left anyway. Hard to leave a good paying 747 job. No issue.
Signed a bond for a retirement job in a king air out of good will, got screwed over because I trusted them, turned out to be a big mistake. But no matter, 7 months and I walk.
Buyer beware is the moral of the story. The legal system will not help you.
Cheers
Attempting to understand the world. I have not succeeded.
veni, vidi,...... vici non fecit.
veni, vidi,...... vici non fecit.
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Re: Leaving with a bond?
Excactly! Is there another trade or industry out there that has training bonds? I've never heard of one. If your company needs a bond to force people to stay, something needs to change to get people to stay, and that may involve money.confusedalot wrote: ↑Mon Feb 10, 2020 6:57 pm Cut through the rhetoric guys.
First off, a training bond is an unfortunate legal scam, and worse still, our canadian legal system thinks it is all OK. Google it and you will find that judges think it is all fine. So much for the legal system in Canada. No protection for the average joe in this place.
So....you need to do your homework in the sense that if it is worth it. You are on your own.
Signed a bond 30 years ago for an outfit that I would not have left anyway. Hard to leave a good paying 747 job. No issue.
Signed a bond for a retirement job in a king air out of good will, got screwed over because I trusted them, turned out to be a big mistake. But no matter, 7 months and I walk.
Buyer beware is the moral of the story. The legal system will not help you.
Cheers