From in-hand salary to working hours, several aspects concerning employment and work culture are expected to change from July 1 if the new labour codes are implemented. However, the companies will need to opt for a 4-day work week, with three days off. 2) The take-home salary will go down as the PF contributions of the employees and the employer will increase. The central government has notified four labour codes, namely, the Code on Wages, 2019, on August 8, 2019; 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. According to reports, only 23 states and Union territories have published the draft rules under the Code on Wages.

Source: Hindustan Times June 25, 2022 19:59 UTC