Indian IT companies are rejoicing the fact that hordes of jobs are moving to India from other parts of the world. But the IT companies themselves are raising exit barriers to stem the attrition. InfoSys is asking its employees to sign non-compete agreement with this years annual raise. Interestingly, this non-compete document specifically names certain SI companies (IBM, TCS, Accenture, Wipro & CTS) that the employees cannot join for six months from the exit date.
I know that most of the freshers are asked sign bond for a couple of years to stick with a company, but this exit barrier for everyone is new. Will this stand in the court of law? Is this enforceable?
IT companies in India are having a great time with the jobs moving from all over. But they don't want their employees to have the same kind of mobility. The bottom line seems to be, I want to protect my turf and I want everyone else (read other countries) to lower their barriers so more jobs can move freely. !!!