New Labor Laws There will be change in working hours, holidays and PF-gratuity (Indicative Pic-Pixlr)
The rules of holidays have also been changed in the new labor code. Earlier, the condition of the job for leave was 240 days, which has been reduced to 180 days. That is, an employee can apply for leave after 180 days or 6 months of duty.
Central government from July 1 4 new labor codes (New Labor Code) is in preparation for implementation. After the implementation of the new labor code, major changes will be seen in every industry and office of the country. Most importantly, after the implementation of the new labor code, the employee’s working hours, salary in hand and provident fund (PF) will also see a change. It is clear from the report that the government is considering implementing the new labor code from July 1. But no official notification has been issued yet. The impact of the new labor code will be visible on social security like daily wages, salary, pension and gratuity, labor welfare, health, working hours, holidays etc.
Let us know that after the implementation of the new labor code, what will be the changes in the salary, leave and working hours in hand every month. 23 states of the country have made their labor laws according to the Labor Code of the Center. Now it is just a matter of delay in implementing these laws. The Central Government has got the law related to the Labor Code passed by the Parliament.
impact on working hours
Most of the attention of the employees is on working hours. The new code provides that 4 days of work and 3 days of rest will be given in a week. According to this, maximum work will have to be done for 12 hours in a day and 48 hours in a week. If you calculate this, according to the work of four days, the employee will have to do duty for 12 hours every day. The employee will not have to work more than this period, nor will companies be able to take more work from the employees. Now it depends on the companies how they change their work style and how they manage the work.
Along with working hours, overtime has also been fixed. Earlier, a maximum of 50 hours of overtime could be taken in a week. Now it has been increased to 125 hours. This has been done so that due to four days of work, there may be a shortage of employees for the remaining three days. To deal with this, companies can get overtime from outside people and complete their work.
Effect on salary and PF
Under the new labor code, the basic salary of an employee must be at least 50% of the gross salary. This will have the effect that more money will be deposited in the EPF account of the employees. Gratuity money will also be deducted more from the employee’s account. This can reduce the in hand salary or the salary in hand every month. However, the employee will be more secure than before in terms of social security. His retirement benefits will also increase.
how long will the holidays be
The rules of holidays have also been changed in the new labor code. Earlier the condition of the job was 240 days which has been reduced to 180 days. That is, an employee can apply for leave after 180 days or 6 months of duty. Earlier this period was 240 days. There is no change in the rule of earned leave or earned leave. Will get an earned leave after working 20 days. The carry forward rule of leave has also been kept the same. In Carry Forward, you will get money for a few days of holidays while most of the holidays will be carried forward to the next year. The limit will be available for the remaining holidays.
Source: www.tv9hindi.com
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