New wage code update: The discussion is going on in full swing that the new wage was to be implemented from April 1, but it could not be implemented due to lack of draft rules from the state governments. However, now it is being speculated to be implemented in October. It is being told that by October, all the states will prepare their own draft rules. Let us tell you that under this new rule, many changes will be made regarding the employees’ holidays, salary and working hours.
Working hours and weekly holidays will increase
Under the new wage code working hours, the working hours of the employees will increase from 9 to 12. According to the Ministry of Labor and Employment, the rule of working 48 hours in a week will be applicable. Some unions had questioned the rule of 12 hours work and 3 days leave. But the government said that the rule of working 48 hours a week would continue. If someone works 8 hours a day then he will have to work 6 days a week and get one day off. If someone works 12 hours a day, then that employee will have to give the remaining 3 days off.
Know – What is in the new wage code?
There are many such provisions in the new wage code, which will have an impact on the salaried class working in the office, even the workers working in mills and factories. From the salary of the employees to their holidays and working hours, there will also be a change. Let us know some provisions of the new wage code, after the implementation of which your life will change a lot.
Salary structure will change
Under the new wage code, changes will also be made in the new wage code salary structure of the employees. Take home salary can be low. Because according to the Wage Code Act, 2019, the basic salary of an employee cannot be less than 50% of the cost of the company (CTC). At present, many companies reduce the basic salary significantly and give more allowances than above.
Holidays will increase
Earned leave of employees can be increased from 240 to 300. Several provisions regarding changes in the rules of the labor code were discussed between the representatives of the labor ministry, labor union and industry. In which there was a demand to increase the earned leave of the employees from 240 to 300.
Minimum wage will be applicable for workers
For the first time, all types of workers of the country will get minimum wage. New schemes are being brought for migrant laborers. Apart from this, the facility of provident fund will be given for the social security of all the workers. All employees in the organized and unorganized sector will also get the coverage of ESI. Under this, women will be allowed to work in all types of business, they will also be allowed to do night shifts.
PF and gratuity will increase
Under this, due to increase in basic pay, the PF of the employees will be deducted more, that means your future will be more secure than before. Contribution to gratuity will also increase along with PF. That is, the take home salary will definitely decrease but the employee will get more amount on retirement. The new pay code will also be applicable for employees in the unorganized sector. The rules related to salary and bonus will change and there will be equality in the salary of employees working in every industry and sector.
