New Labor Law: Employees will be able to extend 30 holidays, the company will have to pay for the remaining holidays.
[ad_1]
New Labor Laws: There will be changes in many areas with the implementation of new labor laws in the country. Once the labor law comes into force, no employee will be able to accumulate more than 30 days of paid leave in a calendar year.
With the implementation of new labor laws in the country, there will be changes in many areas. Once the labor law comes into force, no employee will be able to accumulate more than 30 days of paid leave in a calendar year. In cases where paid leave exceeds 30 days, the company will have to pay for the additional leave. ‘Employees’ in this case do not mean employees in managerial or supervisory roles.
Leave rules will change (carry forward leave)
Section 32 of the Occupational Safety, Health and Working Conditions Code 2020 (OSH Code) deals with taking of annual leave, carry forward and leave encashment. Under Section 32(vii), an employee is allowed to carry over a maximum of 30 days of annual leave to the next calendar year.
Will be able to extend 30 holidays
If the annual leave exceeds 30 days at the end of the calendar year, the employee can avail the remaining leave. Then the employee can extend 30 holidays. You can take money in lieu of remaining holidays. Saumya Kumar, partner of law firm INDUSLAW, told this to the Economic Times. With the implementation of the new labor law, employees can avail more than 30 holidays. He can take money from the company in exchange for the remaining holidays after 30 days.
Holidays will not lapse (no lapsed holidays)
Annual leaves of employees will no longer lapse. Leave lapse means that currently most companies do not carry leave from one calendar year to the next nor do they pay in lieu. If an employee takes leave in that one year then it is okay, otherwise that leave is considered to be over.
A new calendar of holidays begins with the new calendar year. Many companies allow employees to carry over some leave to the next year. The rules for annual leave and leave encashment are covered under the OSH Code. These will apply only to workers. Employees who are not in managerial or supervisory roles.
new labor laws will come
4 Labor laws include ‘Occupational Safety, Health and Working Conditions, Industrial Relations Code and Social Security Code etc. These laws have already been passed by the Parliament. The government has also notified them. Now the employees are waiting for the implementation of these new labor laws.
[ad_2]
Source link
