The Indian government is all set to implement a new and reformed set of labour laws. The new labour laws which were to be implemented on 1st July 2022 for all the corporates and organizations under the registration of the ministry of corporate affairs were postponed due to multiple states not agreeing on the terms.
There has been an official announcement regarding this issue until now. The new laws on labour could affect payout, social security (pension or gratuity), health, safety, welfare for workers, and working conditions (including the working conditions for women).
Reports suggest that 23 states, including Uttarakhand, Chhattisgarh, Odisha, Arunachal Pradesh, Uttar Pradesh, Madhya Pradesh, Haryana, Jharkhand, Himachal Pradesh, Punjab, Manipur, Bihar, and UT of Jammu and Kashmir, have framed regulations under the new labour laws.
Key Points of New Labour Laws and Employment in India 2022
- The employees will have permission to take three weeks off
- They must be on the job for a period that is not longer than 48hrs. Those who work eight hours daily will only have one week of vacation
- Individuals who work 12 hours per day within an organisation will grant three weeks of vacation. Also, those who are working 9 hours per day will get two weeks off
- The new labour codes will result in a total modification to the complete and final rules
- Professionals who leave the country must be dealt with. The final settlement is done within 2 days from the date of departure from the business
- Female employees will be able to benefit from the increase in their maternity leave to 26 weeks. Employers must obtain approval from female employees to work the night shift
- Security and facilities must be in good order to be guaranteed to the female employees of the organisation
- The structure of pay will be different according to the changes made
- The element of the basic salary will get an increment, and the provision fund calculations based on the basic salary will get a raise as well
- This means that the provisional employee fund will increase while the salary paid in cash will likely decrease
- After adopting the code, workers will grant vacation each 180-day instead of 244 days as per the previous rules. In India, the full and final payment is due within 45 days of the end of an organisation.
The new Labour laws constitute welfare laws that seek to ensure workers’ welfare at the company’s cost. It is still to be determined how state governments will go in the same way and make adjustments to add extra balance between the employer and employees.
Click here to read the new labour code for India.
Kalinga AI