IT companies using bonds to retain freshers

MUMBAI:With IT firms spending, on an average, a few lakh on a single engineeringgraduate during their training period, it is becoming more and more common forgraduates to pay their employers to safeguard that investment.

Leading IT companies likeWipro, Satyam, Infosys, and TCS increasingly insist on a bond to ensure that theinvestment made in their employee is secure.

�We make hugeinvestments, both in terms of money and time, on our new recruits. For example ,last year alone we spent $175 million on training them. Keeping this in mind, wewant to ensure the full benefit of such training imparted and hence the need forbonds,� said an Infosys spokesperson.