PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Doctor Siva Global Hr
Hr Compliance Head
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The Code on Wages, 2019 ("Code"), which was enacted on August 8, 2019, will become effective from the date to be notified by the Central Government. The Government aims to implement the Code, along with the other three labour codes, by the Current FY 2022-23.
The new wage code is set to be implemented anytime after April 2022. Though the new wage code was introduced in 2019, according to some senior officials, they are likely to be implemented in this fiscal year. The new wage code will be impacting the working hours, salary restructuring, and also the PF contribution of the employees.
As per an official report, at least 13 states in India have pre-published drafts on the new wage code 2022. The Centre has completed the process of finalising the draft rules of the new wage code and the other labour codes in February 2021 and has notified the new wage code on August 8, 2019. The Central Government wants the States to implement the new wage code along with the other labour codes- all at once since labour is a concurrent factor.
Hence we need to wait for official notification of effective date.
From India, Chennai