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Labour codes: Updates and our value proposition

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Labour codes introduced by the government over the past year are significant steps towards the much needed labour reforms in the country. In order to simplify the existing structure, Government has introduced 4 labour codes, which subsumes 29 existing labour laws, with an intent to amalgamate, simplify and rationalise the relevant provisions of the subsumed laws.
Checklist
  1. The Code on Wages, 2019: Amends and consolidates the laws relating to wages and bonus and matters connected therewith or incidental thereto
  2. The Social Security Code, 2020: Seeks to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors and for other incidental or related matters
  3. Industrial Relations Code, 2020: Consolidates and amends the laws relating to trade unions, conditions of employment in industrial establishments, investigation and settlement of industrial disputes and for all other incidental or related matters
  4. Occupational Safety, Health & Working Conditions Code, 2020:  Focussed on consolidating and amending the laws regulating the occupational safety, health and working conditions of the persons employed in an establishment and for all other incidental or related matters