New Labour Codes May Allow 4-day Work Week But With Longer Hours
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The Union Ministry of Labour and Employment is working to roll out new labour codes, where it proposes flexibility to companies to reduce the number of working days to four days a week and provide free medical check-ups to workers through state insurance. However, the cap on working hours of 48 hours per week will remain sacrosanct.
Companies will have to give three days’ of paid leaves and 12 hours of work per day to their employees with the consent of the workers, said Labour and Employment Secretary Apurva Chandra said on Monday.
labour codes which will make way for a three-day weekend.
A survey conducted in 2020 showed that Indian employees feel a four-day workweek concept is at least five years away.
Especially given that employees are made to work beyond five days in a week in today’s corporate set-up.The Indian government might soon allow companies to go ahead with a four-day work week. The Union Ministry of Labour and Employment is working on new labour codes which will make way for a three-day weekend, but will keep the
working hours at 48 hours a week, which means employees might be subject to long days.
Highlights
Budget to go paperless this time.
Budget session will be held in two phases Jan 29 to Feb 15 and March 8 to April 8.
New Delhi: As millions of salaried individuals are eagerly waiting for Finance Minister Nirmala Sitharaman s Union Budget 2021 announcement, the government s notification on Code on Wages 2019 may reduce the take-home pay of employees next financial year ie, April 2021 while components like PF and Gratuity might rise.
A couple of months ago, the government notified draft rules under Code on Wages 2019, following which take-home pay of employees may be reduced from next financial year ie, April 2021 because the draft rule required companies to restructure their salary break up.
Employees Provident Fund: PF deduction, wage limit, earned leaves and EPFO suggestion - Latest updates
According to reports, the government is planning to hike the wage ceiling from Rs 15,000 to Rs 21,000.
DNA Web Team
Jan 24, 2021, 08:15 AM IST
Prime Minister Narendra Modi-led government at the Centre is planning to increase the monthly wage ceiling of mandatory Employees Provident Fund (EPF) soon. According to reports, the government is planning to hike the wage ceiling from Rs 15,000 to Rs 21,000. Sources said that the talks to hike monthly wage ceiling of EPF cover has been going on for quite sometime now. Zee Hindustan reported that a meeting between Labour Ministry officials and the representatives of corporate sector was held to hold discussions over this matter few days ago.