New Wage Code: New Wage Code will be implemented for employees this month – Details Here

0
101

The new wage code has been waiting for a long time. The deadline has been extended several times. Waiting for what is hidden in the new codes? Because, many different types of updates have been going on continuously.

- Advertisement -

But, what is the date of implementation fixed? There is confusion about this too. Still everyone is waiting. The new wage code has been waiting for a long time. The deadline has been extended several times. Waiting for what is hidden in the new codes? Because, many different types of updates have been going on continuously. But, what is the date of implementation fixed? There is confusion about this too. Still everyone is waiting.

Before implementing labor laws, understand what is the latest update?

Draft rules on all the four labor codes have been received from most of the states. But, the new rules will be implemented at the appropriate time. If sources are to be believed, on the basis of the number of drafts prepared, different codes will be implemented in a systematic manner. 31 states have sent their drafts on The Code on Wages, 2019.

At the same time, comments have been received from 26 states on The Industrial Relations Code, 2020. 25 states have sent drafts on The Code on Social Security, 2020. On the other hand, drafts have been received from only 24 states on The Occupational Safety Health and working Conditions Code, 2020.

States will have to decide the final deadline, the Center is ready –

If the sources of the Ministry of Labor are to be believed then the New Wage Code can be implemented soon. But, the decision on this will also be taken when the drafts on all the four codes are received from the states. However, the codes can be implemented in a phased manner.

The central government can issue official notification before 1 October 2022. The codes will be considered applicable from 1 October 2022. States can be relaxed in this matter to implement the codes according to their own. But, the final deadline for all the four codes has to be fixed. After this, all the codes have to be implemented till the last deadline. For this, states can be given one year’s time.

Holidays, working hours and day rules will change –

4 new codes (New Wages Code) have been created by combining 29 central labor laws. These include Industrial Relations Code, Code on Occupational Safety, Health and Working Conditions Code (OSH), Social Security Code and Code on Wages. But, the biggest change is in the definition of ‘veg’. It has been expanded. In the new labor code, 50 percent of the salary will be directly included in the wages.

According to EPFO ​​board member and Bharatiya Mazdoor Sangh General Secretary Virjesh Upadhyay, social security is very important for the employees. There are many important aspects in this. Rules have to be changed on important issues like working hours of employees, annual holidays, pension, PF, take home salary, retirement. There will be a ban on getting work done for more than 48 hours. Means there will be only 48 hours of work every week.

 

- Advertisement -