Thursday 27 July 2023

Lock In Period : Commitment Or Replacement?

Lock in period is like a double edged sword between commitment or replacement.

 
Lock in period is a standard procedure wherein the company expects candidates to commit for a particular duration. According to market standards, the lock-in period is usually 90 days. However, it can vary from company to company depending upon various factors. In case the committed candidate resigns before the lock in period, then the recruitment company is responsible for finding a replacement without charging any commission. 

The lock in period is also considered to be a beneficial aspect for the company, since it is used for various purposes, such as training the candidate, using the candidate for long term projects and providing exposure of the company's benefits to the candidate for retention of candidate. 

It is important to note that when a candidate leaves before completion of the lock -in period, not only the recruiters but also the company suffers through loss. Recruiters have to reinvest efforts in searching for the right candidate, whereas companies also have to invest additional time in training the candidate.