New Labor Codes India: The new labor code for workers has been introduced by the Government of India from 21st November. Under the new Labor Code, the existing 29 different labor laws have been consolidated into 4 laws. The objective of the Central Government behind this step is to strengthen and modernize the labor framework in the country.
Due to which workers will get more security and benefits than before. Gig workers, contract workers and platform workers have also been included in the new labor laws. Let us know what effect the new laws will have on the workers…
Employees will get gratuity soon
To be eligible for gratuity, employees had to serve the company continuously for 5 years. Under the new labor code, now fixed term employees and some contract workers will be entitled to gratuity after 1 year of service.
However, the 5 year rule will still continue for permanent employees. Also, no change has been made in the rules of gratuity calculation. Employees will benefit from receiving gratuity in one year and the number of employees receiving gratuity will also increase.
Gig workers will also get PF benefits
With the implementation of the new Labor Code, the number of workers receiving PF (Provident Fund) will increase significantly. Like before, now only traditional employees will not get the benefit of PF, but gig workers, platform workers and fixed term employees will also get the benefit.
Due to which their financial security will be stronger than before. However, for this it is necessary to implement PF law in the company. Both the workers and the company will pay the amount for PF.
20 days work 1 day off
Employees will be eligible for 1 full day leave after 20 days of work. That is, they can ask for one day leave from their employer after 20 days of work. Contract and migrant workers will benefit from this step.
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