There is great news for employed people. Now it is not mandatory to work for 5 years to get gratuity, but only for 1 year of service will be available. The government on Friday announced major changes and reforms in the labor law (Labor Act Reforms).
Rule Changes for Gratuity: There is a big good news for employed people. Now it is not mandatory for employees to work for 5 years to get gratuity, but they will get the benefit only on 1 year of service. The government on Friday announced major changes and reforms in the labor law (Labor Act Reforms). Under this, the Union Labor Ministry has limited 29 labor laws to just 4 codes. One change in the reforms implemented in the labor law is related to gratuity. Under this, now the benefit of gratuity can be availed even after one year of service.
On November 21, Labor and Employment Minister Mansukh Mandaviya has announced the implementation of new labor codes. He wrote on social media platform These new labor reforms are a major step towards a self-reliant India and will provide new impetus to the goal of Developed India 2047.
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What are the benefits of the new labor codes?
1- Minimum salary will be received on time
Every employee will now get minimum wage on time. Its biggest benefit will be increased economic security of people in the society.
2- Gratuity for fixed-term employees
Fixed-term employees will now be entitled to gratuity only after working for one year. This means that now there will be no requirement to work for 5 years to get gratuity.
3- Social security to 40 crore employees
More than 40 crore employees across the country will now get the benefits of PF, insurance and other social security.
4- Double pay for overtime
Now employees will get double salary for overtime.
5- Complete security for those working in risky sectors
Employees who do extremely risky work will be provided 100% medical security.
Health checkup facility for those aged 6- 40+
Employees above 40 years of age will be provided the facility of free health checkup every year.
7- Women have equal rights
Women will get equal pay and respect in all sectors. Apart from this, they will be given equal opportunities in all types of work.
8- Appointment letter to youth
All youth will be given written appointment letters in jobs, so that employment can be made more transparent.
Fixed term employee will get all the benefits related to permanent employee.
It has become clear in the new Labor Code that fixed term employees will get all the benefits related to permanent employees, including leave, medical and social security. Apart from getting salary equal to that of permanent staff, protection facilities will also increase. Let us tell you that the aim of the government is to reduce contract work and also to promote direct recruitment.