new labor code
New Labor Code: India’s employment market was shackled by archaic laws for a long time. These laws were made for the safety of the workers, but with time these laws started slowing down the economic pace of the country. Now, breaking these old shackles, the government has implemented four new labor codes. Don’t consider this just a government change, this is a step that will completely change the way you work in India, your salary and job security.
Now gig workers will also get security
New ‘Code on Wages’ (Wage Code) and ‘Social Security Code’ have taken initiative to eliminate this discrimination. Till now, the benefit of minimum wage was available only to people in certain sectors, but now employees working in every corner of the country, in every industry, will get equal wage protection. There is even bigger relief news for ‘Gig Workers’. In today’s digital era, lakhs of youth who are working as delivery boys, cab drivers or freelancers have got legal recognition for the first time. Now they have also been brought under the ambit of social security. This move not only embraces the picture of modern India, but also ensures that people doing app-based work can live with dignity and security.
‘Babugiri’ will end
The biggest headache for companies and employers was the web of paperwork. Different laws Under this, dozens of registrations, licenses and returns had to be filed. This ‘Babugiri’ prevented small industries from becoming formal. The new labor codes have combined 29 old laws into just four codes. Now the rule of one registration, one license and one return will be applicable. When the rules are simple, companies will work openly instead of hiding, expand and will not hesitate to hire people on permanent jobs. The ‘Industrial Relations Code’ has also given some flexibility to medium-sized companies in hiring and firing employees, so that they can face market fluctuations without fear.
Jobs will be more secure than before
Not only the salary, the place of work will also be safer than before. Under the ‘Occupational Safety Code’, safety standards have been set for workers engaged in risky work like factories, mining and construction. Its direct effect will be that the workers will get a respectable and safe environment.
Experts believe that in the states which have adopted labor reforms, there has been a rise in employment and investment. The new labor code is a big national effort in this direction. This is a ‘win-win’ deal for both employees and companies. If these reforms are implemented with the right intentions, India’s labor market will not only become modern but will also open new doors to good jobs for crores of youth of the country.
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Also read- Now you will get gratuity in every year, double amount of overtime, this is how your life will change with the new labor code.