Central Government 4 new labor codes from 1 July (New Labor Code) Preparing to apply. The implementation of the new Labor Code will see major changes in every industry and office in the country. Most importantly, after the implementation of the new labor code, the working hours of the employee, the salary in hand and the provident fund. (PF)Will see a change in. The report indicates that the government has been considering implementing a new Labor Code since July 1. But no official notification has been released yet. The new Labor Code will have an impact on social security such as daily wages, salaries, pensions and gratuities, labor welfare, health, working hours, holidays, etc.
Let’s find out how the pay, leave and working hours will change every month after the implementation of the new Labor Code. The country’s 23 states have enacted their labor laws in accordance with the Centre’s Labor Code. Now these laws are waiting to be enforced. The central government has passed laws related to the Labor Code in Parliament.
Working hours
Employees’ main focus is on working hours. The new code provides for 4 days of work and 3 days of rest per week. Also you have to work a maximum of 12 hours a day and 48 hours a week. If we calculate this, the employee will have to work 12 hours a day for four days of work. The employee will not have to work more than this period, nor will companies be able to take more work from employees. Now it is up to the companies how they change their working style and how they manage the work.
Overtime is also scheduled along with working hours. Previously, a maximum of 50 hours of overtime per week could be taken. Now it has been increased to 125 hours. This is because four days of work can lead to a shortage of staff for the remaining three days. To cope with this, companies can complete their work by getting overtime from outsiders.
The salary you get every month can be reduced!
Under the new Labor Code, the basic salary of an employee should be at least 50% of the total salary. This will result in more money being deposited in the EPF account of the employees. Gratuity money will also be deducted more from the employee’s account. This can reduce your monthly salary. However the employee will be more secure than before in terms of social security. Their retirement benefits will also increase.
Holidays that are full of complexity are neither fun nor comfortable
Holiday rules have also been changed in the new Labor Code. Earlier the condition of employment was 240 days, which has been reduced to 180 days. That is, the employee can apply for leave after 180 days or 6 months of duty. Earlier this period was 240 days. No changes have been made to the unearned leave rule. After 20 days of work you will get an unearned leave. No change has been made in the rules for carrying forward the holiday. At Carry Forward you will get paid for a few days off, while most vacations will be carried forward to next year.
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