New Labor Code: If you are an employee then it is very important for you to read this news. From now on, men and women will get equal pay. During which PF money will be deducted more. The central government wants all the states to implement the new labor code simultaneously. After the implementation of the new wage code, read the full news to know whether the take home salary i.e. in hand salary will come in your account less than before or more.
The Central Government is preparing to implement the New Labor Code in the country. The government is preparing to implement new rules to change the working life of the employed people. However, when will the new labor code be implemented in the country? Nothing is clear on this yet. But it is certain that it will be implemented. After the implementation of the new code, there will be a change in the salary of the salaried people from Weekly Off.
Companies may have to change their working strategy. Prime Minister Narendra Modi recently said that flexible work places and flexible working hours are the needs of the future.
The central government wants all the states to implement the new labor code simultaneously. This concept is being brought to balance between people’s personal life and work. The four new codes are related to the new Labor Code Wage, Social Security, Industrial Relations and Occupational Safety.
Discussion on 3 days leave-
The most talked about change after the implementation of the new labor code is the three-day weekly off. There is a provision of work for three and four days in the new labor code. However, the working hours will increase. After the implementation of the new labor code, you will have to work 12 hours in the office. In total, you will have to work 48 hours in a week. After this you will get three days weekly off.
Apart from this, there will also be a big change regarding the holidays. Earlier, it was necessary to work at least 240 days in a year to take long-term leave in any institution. But under the new labor code, you were required to work for 180 days. But under the new labor code, you will be able to take long leave after working for 180 days (6 months).
In hand salary will come down-
After the implementation of the new wage code, take home salary i.e. in hand salary will be less in your account than before. The government has made a provision in the new rule that the basic salary of any employee should be 50 percent or more of his total salary (CTC). If your basic salary is higher, then PF contribution will increase. With this provision of the government, employees will get a hefty amount at the time of retirement. Along with this, the Gratuity money will also get more. This will make their future financially strong.
Equal wages for men and women
Union Labor Minister Bhupendra Yadav recently said that we have rationalized the old laws and considered occupational safety and wage standards to ensure fair wages for both men and women. He said that 29 different Acts have been converted into four new labor codes.
