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New Wage Code Alert! Earned Leaves for employees likely to be increased, know key updates - There is an important update regarding the new wage code in India, with a potential increase in Earned Leaves for employees on the table.
Once implemented, the new wage code will impact working hours, salary restructuring and PF contribution, encashing of Earned Leaves among the prominent ones.
New Wage Code Alert! Employees likely to get overtime for 30 minutes of extra work - Earlier, the new wage code was supposed to be implemented from April 1, 2021, it was postponed to July 2021.
The trial program will begin in June, while the participating companies will allow employees to work for 32 hours per week.
Good news! Your minimum monthly pension may increase to Rs 9,000 - Know how - Two important issues are likely to be discussed in the Labour Ministry meeting - implementation of New Wage Code and minimum pension under under EPS.