Gratuity Scheme to Private and Contract workers of Public Sector, here is what government said | Personal Finance News
The government had a few months ago said that there would be no change in the gratuity norms.
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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.