New Labor Codes India: The new labor code for workers has been introduced by the Government of India from 21st November. Under the new Labor Code, the existing 29 different labor laws have been consolidated into 4 laws. The objective of the Central Government behind this step is to strengthen and modernize the labor framework in the country.

Due to which workers will get more security and benefits than before. Gig workers, contract workers and platform workers have also been included in the new labor laws. Let us know what effect the new laws will have on the workers…

Employees will get gratuity soon

To be eligible for gratuity, employees had to serve the company continuously for 5 years. Under the new labor code, now fixed term employees and some contract workers will be entitled to gratuity after 1 year of service.

However, the 5 year rule will still continue for permanent employees. Also, no change has been made in the rules of gratuity calculation. Employees will benefit from receiving gratuity in one year and the number of employees receiving gratuity will also increase.

Gig workers will also get PF benefits

With the implementation of the new Labor Code, the number of workers receiving PF (Provident Fund) will increase significantly. Like before, now only traditional employees will not get the benefit of PF, but gig workers, platform workers and fixed term employees will also get the benefit.

Due to which their financial security will be stronger than before. However, for this it is necessary to implement PF law in the company. Both the workers and the company will pay the amount for PF.

20 days work 1 day off

Employees will be eligible for 1 full day leave after 20 days of work. That is, they can ask for one day leave from their employer after 20 days of work. Contract and migrant workers will benefit from this step.

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New Labor Codes India: Major changes and reforms in labor laws have been announced by the Central Government on Friday. The government has implemented 4 new labor codes by replacing the old labor laws. Union Labor and Employment Minister Mansukh Mandaviya has given this information while posting on social media platform X.

He has described this step as a historic step taken by Prime Minister Narendra Modi for the workers. Which provides workers with security and economic strength as well as the opportunity to work with dignity.

Also, the Prime Minister also wrote on Twitter in this regard that, today our government has implemented four labor codes. He also described this Labor Code as the biggest and progressive worker-centric reform since independence. Due to which the workers will get more power and doing business will be easier than before.

Which are these 4 labor codes?

The four labor codes that have been implemented by the government are the Wage Code, Industrial Relations Code, Social Security Code and Occupational Safety Code. 29 old labor laws made in the country since independence have now been merged into these four new codes.

The government believes that the old laws cannot be suitable for the current economy and working methods. The rules should also be as modern as today. Therefore the decision to make this change has been taken.

Company will have to give appointment letter

It has been decided by the government that now the company will compulsorily give appointment letter to every employee at the time of appointment. This will promote transparency and prevent the arbitrariness of the company. Also, about 40 crore unorganized sector workers of the country will be brought under the ambit of social security. With which they will be able to get facilities like PF, ESIC and pension.

Gratuity rules also changed

The implementation of new rules can be a big benefit for those working in private companies. Earlier, to get gratuity, it was necessary to work in the same company for 5 years, but now Fixed Term Employees (FTE) will be entitled to gratuity even after working for only 1 year. This will also benefit those employees who work on short term contracts and were not able to get this facility earlier.

The rules related to overtime have also been changed. Under these changes, if an employee works more than the stipulated time, the company will have to pay him double the salary. Besides, the government has also ensured that the employees get their salaries on time, so that no one has to face financial problems at the end of the month.

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