The implementation of the Code on Wages is a significant event in labor law, but its exact date is currently uncertain due to the pending declaration of the State Rules.
The Code on Wages was introduced to simplify, amalgamate, and rationalize the relevant provisions of the existing central labor laws. It is expected to benefit all classes of workers and aims to widen the scope of minimum wages to all employees in all sectors.
As per the legal position, the Central Government has the power to notify the date of implementation of the Code on Wages. However, the State Governments also have a role to play as they need to frame and notify the State Rules. Until these State Rules are declared, the exact date of implementation remains uncertain.
As an individual or an organization, it is important to stay updated with the latest developments. You can regularly check the Ministry of Labour and Employment's official website for any notifications regarding the Code on Wages. You can also subscribe to legal updates from reputed law firms or consult with a labor law expert.
In the meantime, it would be beneficial to familiarize yourself with the provisions of the Code on Wages and understand how it can impact you or your organization. This includes understanding the new definitions, the concept of a 'floor wage', the procedure for fixing minimum wages, and the penalties for contraventions.
Please note that non-compliance with the Code on Wages, once implemented, can lead to penalties. Therefore, it is crucial to stay informed and be prepared for its implementation.