New Labor Laws Declared, With Longer Leaves & Fast Payments
India’s central govt. announced the new labor laws that will be implemented from 1st July, include longer vacation periods and 2-days payment rules.
New labor laws may go into effect nationwide on July 1 and may have an influence on your take-home pay, weekly vacation time, and daily work hours. These four codes have been adopted by the Center.
The states must now put them into effect. These laws cover social security, salaries, workplace safety, and labor relations. The key components of the New Labor Codes 2022 are listed below.
New Labor Codes 2022 – Key Points
Three weeks of vacation time would be granted to employees under the new labor laws. Any employee would only be required to labor for a maximum of 48 hours.
This implies that employees who put in eight hours a day will only get one week off. But those who put in 12 hours a day will be granted three weeks off. 9-hour shift workers will receive two weeks off.
The full and final rules will change as a result of the new labor codes. The final settlement sum must be provided to those who choose to depart the nation within two days after leaving the business.
For female employees, maternity leave will now last for 26 weeks. They cannot be put on the night shift against their will by the employer. The right facilities and security must be provided.
There will be a modification to the pay scale for all employees. A larger portion of the basic salary will be paid.
The provident fund will be enhanced because it is based on the basic pay. This implies that while employee provident funds will grow, take-home pay will decline.
If this code is put into effect, the workforce will have access to leaves every 180 days as opposed to 240 days previously.
In India, the entire and final payment is typically credited 45 days after the firm has been established.
