New Labor Code 1st October: Employees have been demanding three days leave in a week for a long time. But now the government seems serious about their demand.
The present Modi government at the Center can implement the new labor law on October 1. In which three days a week holiday has been said! That is, then you have to work only four days a week. But in such a situation your office hours will increase as compared to earlier. Also, as soon as the new law is implemented, there are likely to be many changes from your PF to in hand salary. Let us know one by one what is the impact of the new labor law on you?
Will get three days off in a week
According to the Ministry of Labor and Employment, Government of India, employees may have to do 12 hour shifts instead of 9. In which there will be a break of half an hour every five hours. At the same time, 48 hours of work will have to be done in a week. If a person works 8 hours a day, then he has to work 6 days a week. At the same time, a person working 12 hours a day will get three holidays in a week.
Will increase PF in hand salary
According to the new law, the salary structure will also change. According to this law, the basic salary of the employees should be more than 50 percent. If this happens, then while the Provident Fund will increase, the deduction in in-hand salary will be reduced.
All employees will get minimum salary across the country
According to the new labor law, workers across the country will now have to pay minimum salary. It has been specially designed keeping in mind the migrant laborers. This will provide social security to the workers. Employees of organized and unorganized sector across the country will also get Employees State Insurance cover. Along with this, women will also be allowed to do night shifts in the new law.
Old age will be safe
People are always worried about their retirement. Now PF will increase due to this new law. According to the rules, the employer also has to deposit the same amount as the employee. In this way PF balance is going to increase. Where this will directly benefit the employees on one hand. On the other hand, the burden on companies will increase.
