All four labor codes can be implemented from July 1, this will give 3 days leave after 4 days of work in a week. Labor Codes India Implementation; What It Means for Employers and Employees
By Amit - June 23, 2022
New Delhi5 hours ago
The central government can implement the new labor code from July 1. If this happens, employees may have to work up to 12 hours a day. However, employees will have to work only 48 hours a week, i.e. if they work 12 hours a day, they will have to work only four days a week. These 4 new labor codes have been prepared by merging 44 Central Labor Acts. Many companies are preparing for this. Know here how their implementation will affect you.
social security code
The facilities of ESIC and EPDO have been enhanced under this code. After the implementation of this code, workers working in the unorganized sector, gig workers, platform workers will also get the facility of ESIC. Apart from this, no employee will have to wait for five years to get gratuity.
Apart from this, the basic salary should be 50% or more of the total salary. This will change the salary structure of most of the employees, due to increase in basic salary, PF and gratuity money will be deducted more than before. PF is based on basic salary. With the increase in PF, the take-home or salary in hand will decrease.
Occupational Safety, Health and Working Condition Code
An attempt has been made to prepare a leave policy and a safe environment in this code. After the implementation of this code, workers will be entitled to leave only after 180 days of work instead of 240. Apart from this, an employee will get at least 50% compensation for injury at work place. It also includes provision for maximum 48 hours of work in a week. That is, those with 12-hour shift will be allowed to work 4 days a week. Similarly, those with 10-hour shifts will have to work for 5 days and those with 8-hour shifts will have to work 6 days a week.
industrial relations code
Companies have been given a lot of relaxation in this code. After the implementation of the new code, companies with less than 300 employees will be able to lay off without the approval of the government. In 2019, the limit of employees in this code was kept at 100, which has been increased to 300 in 2020.
In this code, a provision has been made to pay minimum wages to the workers of the whole country. Under this, the government will fix the minimum wage for the entire country. The government estimates that after the implementation of this code, 50 crore workers of the country will get timely and fixed wages. It was passed in 2019 itself.