The new labor code in India, specifically the labor codes introduced under the Labor Code on Social Security & Welfare, Industrial Relations Code, and Occupational Safety, Health & Working Conditions Code, has brought significant changes impacting both employers and employees. Here are some key changes to note:
Simplification and Consolidation:
- The new labor codes aim to simplify and consolidate existing labor laws to streamline compliance and improve ease of doing business.
Social Security Benefits:
- The codes introduce universal social security coverage for workers, including gig workers and platform workers.
- Provision for gratuity and provident fund benefits for fixed-term employees.
Industrial Relations:
- Changes in the threshold for prior government approval in cases of lay-offs, retrenchment, and closure of establishments.
- Introduction of a re-skilling fund for reskilling workers affected by changes in technology or business processes.
Occupational Safety and Health:
- Enhanced provisions for occupational safety and health standards in workplaces.
- Introduction of a statutory provision for appointment letters and annual health check-ups for employees.
Wages and Working Conditions:
- Provision for a floor wage to ensure a minimum income for workers.
- Regulation of working hours, overtime, and leave entitlements for employees.
Compliance and Enforcement:
- Stricter penalties for non-compliance with labor laws to ensure better enforcement.
It is crucial for employers to familiarize themselves with these changes and ensure compliance with the new labor codes to avoid any legal implications. For detailed information, it is recommended to refer directly to the specific provisions of the new labor codes and seek legal advice if needed.
From India, Gurugram
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63Simplification and Consolidation:
- The new labor codes aim to simplify and consolidate existing labor laws to streamline compliance and improve ease of doing business.
Social Security Benefits:
- The codes introduce universal social security coverage for workers, including gig workers and platform workers.
- Provision for gratuity and provident fund benefits for fixed-term employees.
Industrial Relations:
- Changes in the threshold for prior government approval in cases of lay-offs, retrenchment, and closure of establishments.
- Introduction of a re-skilling fund for reskilling workers affected by changes in technology or business processes.
Occupational Safety and Health:
- Enhanced provisions for occupational safety and health standards in workplaces.
- Introduction of a statutory provision for appointment letters and annual health check-ups for employees.
Wages and Working Conditions:
- Provision for a floor wage to ensure a minimum income for workers.
- Regulation of working hours, overtime, and leave entitlements for employees.
Compliance and Enforcement:
- Stricter penalties for non-compliance with labor laws to ensure better enforcement.
It is crucial for employers to familiarize themselves with these changes and ensure compliance with the new labor codes to avoid any legal implications. For detailed information, it is recommended to refer directly to the specific provisions of the new labor codes and seek legal advice if needed.
From India, Gurugram
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Draft-Labour-Co de-on-Industria l-Relations-Bil l-2015 (1).pdf