Key Points
The new labour laws divide employees into two categories - 'workers' and 'employees'..
This means that managers (employees working in a managerial/supervisory role) are not likely to get many benefits vis--vis 'workers' under the new labour laws..
Puneet Gupta, Partner, People Advisory Services, EY India says, "Out of the four new labour codes, the Code on Wages and the Code on Social Security are applicable to all types of employees - i.e., both workers and managers..
Manmeet Kaur, Partner, Karanjawala & Co. says, "As per the scheme of new labour laws, OSHWC provisions on yearly leave and leave encashment at the end of the year, including few beneficial provisions apply only to workers, or personnel who do not hold managerial, administrative or supervisory positions."..
The two codes that are applicable to a company's entire workforce are: (i) The Code on Wages which deals with minimum wages, payment of minimum wages, and bonus payments, among others and; (ii) The Code on Social Security which deals with provisions such as the Employees' Provident Fund, gratuity and maternity benefits...
