According to sources, these new labor codes will be implemented in three phases. The working hours of the employees will increase. Also, there will be an option to work 4 days a week. If the amount deducted in PF increases, then the salary received every month may decrease.

Labor code can be implemented in three phases

The Labor Code will give time to all small and big businesses and businessmen to implement new policies. If the government announces these codes in Budget 2025, then it will be implemented in the coming financial year. These codes will not only make things easier for businessmen and companies, but employees will also get better social security.

• In the first phase, big companies with more than 500 employees will be required to follow these codes.
• In the second phase, medium-sized companies with 100-500 employees will be brought under its scope.
• In the third phase, these codes will be implemented on small companies with less than 100 employees.

How much time will small businesses get to implement?

Under the new rules and plans of the Labor Code, it will take about two years for small businesses to implement these rules. Let us tell you that MSME i.e. small industries account for more than 85% of India’s business structure.

Talks are going on with the states regarding labor code

The Labor Ministry is in talks with the states to implement these codes. At present, the ministry is busy finalizing the draft regulations with states like West Bengal and Delhi. The government wants to implement the Code on Wages and the Social Security Code in the first phase. The draft rules are expected to be ready with all the states by March 2025.

What are Labor Codes?

The Government of India has consolidated 29 central labor laws into four labor codes. Their main purpose is to strengthen businesses and strengthen the social security of employees.

• Code on Wedges
• social security code
• Industrial Relations Code
• Occupational Safety, Health and Working Conditions Code

Four days of work and three days of rest in a week – rules of the Labor Code

Labor codes may also include a policy of working four days a week and resting three days a week. The purpose of this rule is to create a work-life balance for employees. However, the rule of working four days a week will increase the working hours. Also, the amount deducted in the Provident Fund will increase. In such a situation, the salary received may be less.

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People in the know of the matter say that they are unlikely to be implemented before the 2024 general elections. These four codes together form a consolidated version of 29 central labor laws. These include the Wage Code, 2019; Industrial Relations Code, 2020; Occupational Safety, Health and Working Conditions Code, 2020; and the Social Security Code, 2020. These four Samhitas have been equally praised and criticized.

These labor codes are one of the most important economic reforms undertaken by the Modi government. Critics see them as controversial and anti-labour, while those seeking free labor policies say these codes will promote growth and employment and eliminate outdated laws to keep up with a rapidly changing economy. The major changes made in these include major rules like firing of workers without the approval of the government, declaration of strike by the union, permission for women to work in night shift.

According to experts, three major reasons are preventing these codes from being implemented. First, some states are yet to publish rules regarding these. Second, talks between the Union labor ministry and the unions have stalled, and third, the Center is keen to involve all stakeholders in the process. This is because the Modi government had to withdraw the agricultural laws in 2021, the Center does not want such a situation.

Ten trade unions opposed them

A forum of 10 trade unions, barring the RSS-affiliated BMS, urged Labor Minister Bhupendra Yadav to repeal the four labor codes, saying they were anti-labour. Currently, 31 states have published draft rules under the Wage Code, while 26 states have come out with draft rules on the Occupational Safety Code. Preliminary procedures on the Industrial Relations Code have been completed by 28 states. Similarly, 28 states have published draft rules on social security legislation.

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In the new labor law, a provision of four days of work and three days of leave will be given. According to the Labor Ministry, more than 31 states have accepted it. Most of the states have also made rules for this. According to sources, some states have raised objections on certain points, for which discussions are being held. However, it is not yet clear when the government will bring this law, but soon the new law will be implemented.

With the coming of the new labor law, employees will get three days off in a week. Employees must work 48 hours a week. During this, half an hour’s leave will also be available twice. If the company implements a 12-hour work shift, then it will have to give employees three days off in a week.

No night shift without the consent of women employees

Under the new law, if an employee had to take long leave, then he had to work for at least 240 days in a year, but now leave can be taken after working only 180 days. Women employees will not be forced to work in night shift without their consent.

PF and gratuity will be deducted more-

According to the new draft rules, the basic salary will be 50 percent or more of the total salary. With the increase in basic salary, the amount deducted for PF and gratuity will increase. In such a situation, after the implementation of the new rules, the salary will be less in the hands of the employee, but provident fund and gratuity will be more.

Final settlement in two days

After the new labor law comes, the full and final payment of the employees will be done in just two days. In case of leaving the job or getting fired from the job, all the money related process will be settled in just two days. At present it takes 45 days to complete the final payment.

If the negotiations between the union and the employer on any issue fail, it will be informed to the government and the matter will be sent to the tribunal. Employees will not be able to go on strike till the final decision is taken. In this, mass leave has also been kept in the category of strike.

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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.

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The Central Government has passed these new laws in the Parliament. Many states have not yet ratified the new code; Due to which the implementation is getting delayed, because labor is a subject of the Concurrent List of the Constitution, and it cannot be implemented without the ratification of the states.

According to the government, so far 31 states and union territories have published the draft rules under the Code on Wages, 2019.

The new labor code, which will come into force soon, will affect the working hours, take-home pay and leave conditions of employees. The Wage Code mandates that full and final settlement of wages and dues should be completed within two days from the last working day of the employee.

Similarly, companies can increase the working hours of employees if needed. In such a situation, they will have to give extra leave.

The in-hand pay of employees is also going to be impacted as the new wage code states that the basic pay should be at least 50 per cent of the gross pay.

This will increase the contribution of both the employee and the employer to the provident fund.

This labor code, passed by Parliament in 2019, replaces 29 central labor laws.

Four new codes on wages, social security, labor relations, occupational safety, health and working conditions were to be implemented from July 1.

The new law emphasizes that full and final payment of wages must be made to the company within two days of the last working day of the employee after he resigns, removes or is dismissed from the job. Presently, companies are following a period of 45 days to 60 days for complete and final settlement.

The new labor law provides that where an employee has been – (i) removed or dismissed from service; or (ii) has been retrenched or has resigned from service, or has become unemployed by reason of the closure of the establishment, the wages payable to him shall be paid within two working days. be their expulsion, dismissal, retrenchment or, as the case may be, their resignation. Must be settled within two days.

However, the states are allowed to frame guidelines for the time period for complete and final settlement. Provident fund and gratuity are not part of salary and are covered under different laws.

Increased working hours

Under the new wage code, companies are allowed to increase the working hours of employees from 9 hours to 12 hours.

However, they will have to give one day extra leave. Therefore, in case of increase in working hours, employees will work only four days in a week instead of the current 5.

Employees will get 3 days weekly off. This continues with a minimum requirement of 48 hours of work every week. If an employee works more than 48 hours a week, the employer must pay overtime.

Take-home salary will be reduced

The new labor law, once implemented, will affect the take-home pay of employees. However, his retirement amount will increase.

As per the law, the basic salary of the employee should be 50% of the gross salary. This will lead to reduction in take-home pay and increase in retirement savings as provident fund contribution by both employer and employee will increase.

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New Labor Code may be implemented in the country soon. The government is preparing to make big changes for the employed people. However, the government has said that at present no time has been fixed for its implementation. The central government wants all the states to implement the new labor code together. But till now the governments of all the states have not finalized the draft on their behalf. If the new labor code can be implemented in the coming months, then people working in the private sector will get many benefits.

Four new labor codes

Minister of State Rameshwar Teli had told in Parliament recently that most of the states have sent their draft rules on four labor codes. Rest of the states are working on the process of preparing it. The new labor codes are related to Wage, Social Security, Industrial Relations and Occupational Safety.

change in salary structure

If the new labor code is implemented with all the four changes, then people doing private jobs under the new wage code will get many benefits. Firstly, there will be a change in their salary structure. After the implementation of the new wage code, in hand salary will be less 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 your contribution to FIF fund will be higher than before

This provision of the government will benefit the employees at the time of retirement, when they will get a hefty amount. Along with this, the Gratuity money will also get more. This means that your future will be financially strong.

weekly off

Under the new labor code, there is a provision for four days of work and three days of leave in a week. This means that you will have to go to the office four days a week and will get three days of weekly off. However, your working hours in the office will increase. After the implementation of this rule, if you opt for a three-day weekly holiday, then you will have to work 12 hours in the office. That is, you have to work 48 hours a week. After this you will get three days weekly off.

Change in the rule of long leave

Apart from this, there will be a big change regarding long holidays. Earlier, it was necessary to work at least 240 days in a year to take long-term leave in any institution. But after the implementation of the new labor code, any employee can take long leave after working 180 days (6 months).

full and final

Regarding full and final settlement, it has been said that employees will be paid their salary within two days of leaving the job, dismissal, retrenchment and resignation from the company. At present, most of the rules are applicable on the payment and settlement of wages. However, this does not include resignation.

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23 states have adopted a pre-published draft of the new Labor Code law. But the rest of the states have not adopted it yet. The central government wants all the states to implement this labor code together. The government has made these codes to bring four big changes for the employed people.

Four new codes

The effect of the new labor code will be visible from Weekly Holidays to In Hand Salary. The new labor codes are related to Wage, Social Security, Industrial Relations and Occupational Safety.

3 days off in a week

In the new labor code, provision has been made for four days of work and three holidays in a week. But the working hours of the employees in the office will increase. This means that you may have to work in the office for 12 hours, not 8 or 9 hours. An employee will have to work 48 hours throughout the week. But you will get three days of weekly off.

Big change regarding holidays

Another major change has been made regarding holidays in the new labor code. At present, an employee is required to work at least 240 days in a year to take long leave in any institution. But in the new labor code, it has been reduced to 180 days (6 months).

cut in hand salary

After the implementation of the new wage code, you will get less take home salary i.e. in hand salary in your account. The government has made new rules regarding pay rolls. A provision has been made in the new wage code that the basic salary of an employee should be 50 percent or more of his total salary (CTC). Now if your basic salary increases, then your contribution to PF fund will also increase. In such a situation, more money will be deposited in PF than before. In this way, the employees will get a huge amount at the time of retirement.

Full and final in 48 hours

Provision has also been made in the new Wage Code regarding Full and Final Settlement. Employees will be paid their salaries within two days of leaving the job, dismissal, retrenchment and resignation from the company. At present, most of the rules are applicable on the payment and settlement of wages. However, this does not include resignation.

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