New Labor Code: Important news for the employees. In fact, the Modi government is going to bring a new labor law for the employees. Under which the employees will get 4 days of work and 3 days off in a week.
Modi government is going to bring new labor law. If this is implemented, then only four days a week will have to work. At the same time, your PF contribution will also increase. But after the implementation of this rule, the in hand salary will be reduced. Let us know whether anything will change after the implementation of the new labor law?
Three days off a week!
There has been a demand for a long time that there should be three days off in a week. After the implementation of the new labor law, only 4 days a week will have to be worked. But the working hours in the day will be increased from 9 to 12. If the company implements 12-hour work shift, it will have to give three days off to the employees. That is, employees will have to work for 48 hours in a week. Explain, in a 12-hour shift, employees will get half an hour off twice a day.
How will your pocket be affected by the implementation of the new labor law?
According to the new labor code, the total salary of the employee should be 50% or more of the basic salary. If this happens then your PF contribution will increase. Where there will be huge savings of employees. At the same time, in hand salary will be reduced. However, after the implementation of the new labor code, the amount of pension will also increase. Apart from this, there can also be an increase in medical insurance, incentive.
Let me tell you, earlier it was to be implemented on October 1, 2021 only. But then in view of the assembly elections of 5 states, the central government did not implement it. In such a situation, it is believed that the government can implement it soon. However, these are all speculations right now. No announcement has been made by the government regarding its implementation.
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