New Wage Code: Government employees will now get 300 Earned Leave! Rules may come into force from October
New Wage Code India: There are many such provisions in the new Wage Code, which will affect the salaried class working in the office, even the workers working in mills and factories.
New Delhi: New Wage Code India Updates: Discussions are going on regarding the new Wage Code. It was to be implemented from April
1, but due to speculations by the state governments, the rules were not implemented. According to the information received by Zee News, this can be implemented in October. Till then all the states will also prepare their own draft rules. Under this, there will be changes in the salary, holidays etc. of the employees.
1. What is special in the new wage code for employees
Many such provisions have been given in the new wage code, which will affect even the salaried class working in the office, workers working in mills and factories. From the salary of the employees to their holidays and working hours will also change. Let us know some provisions of the new wage code, after the implementation of which your life will change a lot.
2. Will Change Salary Structure
Under the new wage code, there will be a change in the salary structure of the employees, their Take Home Salary can be reduced. Because according to the Wage Code Act, 2019, the basic salary of an employee cannot be less than 50% of the cost of the company (CTC). At present, many companies reduce the basic salary and give more allowances from above so that the burden on the company is reduced.
3. Holidays of the year can be increased to 300
Earned Leave of employees can be increased from 240 to 300. Many provisions were discussed between the Labor Ministry, Labor Union and representatives of the industry regarding changes in the rules of the Labor Code. In which there was a demand to increase the Earned Leave of the employees from 240 to 300.
4. Working Hours Will Increase and Weekly Off Will Also Increase
According to the information received, under the new wage code, the working hours will increase to 12. The Ministry of Labor and Employment said that in the proposed Labor Code, it has been said that the rule of 48 hours of work in a week will be applicable, in fact some unions had questioned the rule of 12 hours work and 3 days leave. The government in its clarification on this said that there will be a rule of 48 hours of work in a week, if someone works for 8 hours a day, then he will have to work 6 days a week and will get one day off. If a company adopts work for 12 hours a day, then it will have to give leave to the employee for the remaining 3 days. If the working hours increase, then the working days will also be 5 or 4 instead of 6. But for this, it is also necessary to have an agreement between both the employee and the company.
5. Minimum wage will be applicable for workers
For the first time, all types of workers of the country will get minimum wage i.e. minimum salary. New schemes are being brought for migrant laborers. Apart from this, the facility of provident fund will be given for the social security of all the workers. All employees of organized and unorganized sector will also get coverage of ESI. Under this, women will be allowed to work in all types of businesses, they will also be allowed to do night shifts.
6. PF, Gratuity will increase
Under this, due to the increase in Basic Pay, the PF of the employees will be deducted more, that is, your future will be more secure than before. Along with PF, the contribution towards gratuity will also increase. That is, the take home salary will definitely decrease but the employee will get more amount on retirement. The new wage code will also be applicable for the employees of the unorganized sector. The rules related to salary and bonus will change and there will be equality in the salary of employees working in every industry and sector.