Speakers : Advocate Sundeep Puri and Advocate Vanshaj Puri
Session 1: Decoding India’s Labour Law Overhaul: From 29 Laws to 4 Codes
Session 2: The New Wage Framework: Payroll Structuring, Benefits & Social Security Compliance
Emphasised that a purely statutory, checklist-driven approach is no longer sufficient: organisations must align their labour practices with evolving jurisprudence, regulatory intent, and the broader objectives of the new labour framework. Also highlighted key implications of the new Labour Codes on workforce structuring and employer obligations.
Discussed critical aspects of due process, termination protocols, and risk mitigation within the current legal framework, alongside the practical challenges in implementing the new labour codes.
Key takeaways included:
·The impact of the revised definition of”wages” and the need to recalibrate CTC structures to manage cost implications
·Fixed-term employment and its implications on gratuity
·Engagement of contract labour, with emphasis on limiting supervision and control
·Timelines for full and final settlements
A timely and engaging dialogue on building legally robust, compliant, and future-ready employment practices.
Click below highlighted link to read the full article
Page Source :The Economic Times – https://manufacturing.economictimes.indiatimes.com/news/industry/beyond-compliance-why-india-inc-must-rethink-labour-practices-now/130489416
