New Labor Code: The central government wants all the states to implement the new labor code simultaneously. This concept is being introduced to create balance between people’s personal life and work. After the implementation of the new wage code, the take home salary i.e. in hand salary will be less in your account than before.
The Central Government is busy preparing to implement the New Labor Code in the country. The government is preparing to implement new rules to change the working life of employed people. However, when will the new labor code be implemented in the country? Nothing is clear on this yet. But it is certain that it will be implemented. After the implementation of the new code, there will be changes in the weekly off and salary of employed people.
Companies may have to change their working strategy. Prime Minister Narendra Modi had recently said that flexible work places and flexible working hours are the needs of the future.
These are the four new labor codes
The central government wants all the states to implement the new labor code simultaneously. This concept is being introduced to create balance between people’s personal life and work. The four new codes are related to the new labor code, Wage, Social Security, Industrial Relations and Occupational Safety.
Discussion on 3 days leave
The most talked about change after the implementation of the new Labor Code is the three-day weekly off. There is a provision for three holidays and four days of work in the new labor code. However, working hours will increase. After the implementation of the new labor code, you will have to work in the office for 12 hours. In total you will have to work 48 hours a week. After this you will get three days weekly leave.
There will be a big change regarding holidays
Apart from this, there will be a big change regarding holidays also. Earlier, to avail long-term leave in any organization, it was necessary to work for at least 240 days in a year. But under the new Labor Code, you were required to work for 180 days. But under the new Labor Code, you will be able to take long leave after working for 180 days (6 months).
Salary in hand will be less
After the implementation of the new wage code, the take home salary i.e. in hand salary will be less in your account than before. The government has made a provision in the new rule that the basic salary of any employee should be 50 percent or more of his total salary (CTC). If your basic salary is higher, then PF contribution will increase. With this provision of the government, employees will get a huge amount at the time of retirement. You will also get more gratuity money. This will make their future financially strong.
equal pay for men and women
Union Labor Minister Bhupendra Yadav recently said that we have rationalized old laws and considered occupational safety and wage standards to ensure fair wages for both men and women. He said that 29 different Acts have been converted into four new labor codes.
