Diabytes
Code on Wages News
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The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
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Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
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The government had a few months ago said that there would be no change in the gratuity norms.
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Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
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The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
)
The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Here are five things that will be impacted once the New Wage Code is implemented from July 1.
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Here are five things that might change if the New Wage Code 2022 is implemented from July 1.
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The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
The trial program will begin in June, while the participating companies will allow employees to work for 32 hours per week.
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Working week to be reduced.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Govt notification on Code on Wages 2019.
Take-home pay may reduce.
PF and Gratuity might rise.
)
Working hours to be increased.
In hand pay to shrink.
PF, Gratuity components to be hiked.
)
Working hours to be increased.
In hand pay to shrink.
PF, Gratuity components to be hiked.
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