New Labor Law in India 2021: More work will also be considered overtime
According to report, the government may change the existing deadline for overtime in new laws. If they work more than 15 minutes of the scheduled time under the new labor law, employees will be eligible for overtime.
Good news for workers. The Ministry of Labor has started preparations to implement the new labor law from the next financial year. After the new law comes into force, many new and better regulations will be implemented in the country's labor market. Along with this, the government is also trying to resolve the bottlenecks caused by the new labor laws.
According to report, the government may change the existing deadline for overtime in new laws. If they work more than 15 minutes of the scheduled time under the new labor law, employees will be eligible for overtime. Companies will then have to pay overtime. On completion of the stipulated time, the company will be obliged to pay the company even after 15 minutes of additional work.
Early on 8 February 2021, Early said in a press conference, "The rulemaking process is already underway and is likely to be completed in the coming week. All stakeholders are also consulted in determining the rules. This ministry will soon Will only happen. " Code enforcement status on the four codes, wages, industrial relations, occupational safety, health and working conditions (OSH) and social security codes. Since labor is a concurrent subject, some rules will also be applied.
At present, under the existing law, at least half an hour of extra work is considered eligible for overtime. According to officials, the ministry is also considering new labor laws, seeking views, suggestions and comments from all stakeholders. Officials said the process would be completed by the end of this month. After this, the exercise to implement the new law will begin.
Under the new labor laws, companies have to ensure that all employees get facilities like PF and ESI. No company can refuse to do so, whether employees are hired through a contractor or from a third party. In addition, contract or third-party employees also receive full pay, it will also be the responsibility of the employer.