Gujarat Founder's 'Security Cheque' for New Hires Sparks Heated Debate on Trust & Legality

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Moneycontrol•20-12-2025, 12:03
Gujarat Founder's 'Security Cheque' for New Hires Sparks Heated Debate on Trust & Legality
- •A Gujarat-based software firm founder introduced a "security cheque" policy for new hires, equivalent to one month's salary.
- •The policy aims to address the growing trend of candidates accepting offers but backing out shortly before joining dates.
- •If a candidate withdraws without a genuine reason, the cheque is encashed; otherwise, it's shredded or returned upon joining.
- •The LinkedIn post sparked a widespread debate, with some supporting it as a solution and others criticizing its legality and ethics.
- •Critics argue it's "stupid and illegal," questioning its enforceability and suggesting companies should address internal issues causing reneges.
Why It Matters: A founder's security cheque policy for new hires ignites debate on workplace commitment, trust, and legal boundaries.
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