Daughter's first offer letter has a two-year service bond. Is that standard now?
Our daughter finishes college this month and has been offered a job at an IT services firm. The letter says that if she leaves within two years, she repays a fixed amount towards 'training costs'. The amount isn't small, though it isn't ruinous either. She wants to sign, and her view is that she isn't planning to leave anyway. I'm not trying to talk her out of it, but I'd like to understand how these bonds work in practice. Do companies really pursue the money, or is it mostly there to discourage people? And did anyone's son or daughter regret signing one?