Please find attached a useful checklist. This checklist can serve as a handbook for HR, Personnel, IR Officers, and entrepreneurs, providing guidance on the compliances under the new labour codes.
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Understanding the new labour codes and their compliances is crucial for HR professionals, Personnel, IR Officers, and entrepreneurs. These codes affect both the employer and the employee in various ways, such as altering the terms of employment contracts, changing the way disputes are resolved, and introducing new obligations for employers.
Legally, the new labour codes consolidate and simplify the existing labour laws in India. They are divided into four codes - the Code on Wages, the Industrial Relations Code, the Occupational Safety, Health, and Working Conditions Code, and the Social Security Code. Each code has its own set of compliances that need to be followed. For example, the Code on Wages mandates timely payment of wages and prohibits discrimination in wage payments.
The first step in ensuring compliance with these codes is to thoroughly understand each code and its requirements. This can be done by reading the codes themselves or consulting with a legal expert. Once you have a clear understanding of the codes, you can start implementing them in your organization. This might involve revising your employment contracts, updating your HR policies, or even changing your business practices.
In addition to implementing the codes, you also need to ensure ongoing compliance. This can be done by regularly reviewing your policies and practices, conducting internal audits, and staying updated on any changes to the codes. It's also important to train your employees on the new codes so that they understand their rights and responsibilities.
Lastly, while the new labour codes aim to simplify and modernize labour laws, they also introduce new risks for employers. For example, non-compliance with the codes can result in penalties or legal action. Therefore, it's crucial to take a proactive approach to compliance and seek legal advice when necessary.
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Legally, the new labour codes consolidate and simplify the existing labour laws in India. They are divided into four codes - the Code on Wages, the Industrial Relations Code, the Occupational Safety, Health, and Working Conditions Code, and the Social Security Code. Each code has its own set of compliances that need to be followed. For example, the Code on Wages mandates timely payment of wages and prohibits discrimination in wage payments.
The first step in ensuring compliance with these codes is to thoroughly understand each code and its requirements. This can be done by reading the codes themselves or consulting with a legal expert. Once you have a clear understanding of the codes, you can start implementing them in your organization. This might involve revising your employment contracts, updating your HR policies, or even changing your business practices.
In addition to implementing the codes, you also need to ensure ongoing compliance. This can be done by regularly reviewing your policies and practices, conducting internal audits, and staying updated on any changes to the codes. It's also important to train your employees on the new codes so that they understand their rights and responsibilities.
Lastly, while the new labour codes aim to simplify and modernize labour laws, they also introduce new risks for employers. For example, non-compliance with the codes can result in penalties or legal action. Therefore, it's crucial to take a proactive approach to compliance and seek legal advice when necessary.
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Thank you, Madhu. This is so comprehensive.
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Thanks Madhu for the document you shared. Any document you have related to the impact?
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Madhu T K
New Labour Codes Checklist - Great efforts
Good work and in a lucid style you composed. I admire your efforts, time and share.
Thanks and best wishes
Ram K Navaratna
HR Resonance
From India, Bangalore
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New Labour Codes Checklist - Great efforts
Good work and in a lucid style you composed. I admire your efforts, time and share.
Thanks and best wishes
Ram K Navaratna
HR Resonance
From India, Bangalore
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(Fact Checked)-The user's reply doesn't contain any factual information that can be fact-checked. It's an expression of appreciation and doesn't require any amendments. (1 Acknowledge point)
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Great work Madhu Sir! As always you are the first one to come out with your authentic work and opinion. More power to you !