After the implementation of the new code, there will be a change in the salary of the salaried people from Weekly Off. Companies may have to change their working strategy.
Prime Minister Narendra Modi recently said that flexible work places and flexible working hours are the needs of the future.
3 days off
After the implementation of the new labor code, the most talked about change is the three-day weekly off. In the new labor code, there is a provision of three holidays and four days of work. However, the working hours will increase. After the implementation of the new labor code, you will have to work for 12 hours in the office. In total, you will have to work 48 hours in a week. After this you will get three days weekly off.
There will be a big change regarding the holidays
Apart from this, there will also be a big change regarding the holidays. Earlier, it was necessary to work at least 240 days in a year to take long-term leave in any institution. But under the new labor code, you were required to work 180 days. But under the new labor code, you will be able to take long leave after working for 180 days (6 months).
In hand salary will come down
After the implementation of the new wage code, 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 hefty amount at the time of retirement. Along with this, the Gratuity money will also get more. This will make their future financially strong.
equal wages to 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.