New Wage Code News Today

The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.

If it is agreed upon that Allowances cannot be more than 50% in salary, then take home salary will be less and investment in Provident Fund (PF) will increase. The industry believes the new wage code is expected to increase the burden in the short term. Therefore, the industry should get 2-3 months to implement the new rules. 

The China-based hacking group targeted individuals via emails containing abasic PDF files with links to the phishing sites, typically stating that a user needs to click the link to preview or download files. Over the past three years, RedAlpha continued to conduct credential-phishing activity using large clusters of operational infrastructure to support campaigns.

If it is agreed upon that allowances cannot exceed 50 per cent of salary, then the take-home salary will be less and investment in PF will increase.

The annual bonus figure could fluctuate even further throughout the year based on Twitters upcoming earnings, according to Segal who wrote an email to Twitter employees on Friday. The company employs more than 7,500 people globally. 

The government had a few months ago said that there would be no change in the gratuity norms. 

Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.

The full and final settlement of wages rule change has been delayed from the initial plan of implementing the new labour guidelines from July 1.

Less than 4 in 10 (37%) of the employees surveyed by Qualtrics would be willing to take a 5% or more pay cut for a four-day workweek . But nearly three-quarters (72%) of those surveyed said a four-day workweek would mean they would have to work longer days.

The central government had notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019, and the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 on September 29, 2020.