
Explore how India's new labour codes, merged into four codes, affect workers and businesses through the Code on Wages 2019, shown via a COVID-impacted entrepreneur's compliance journey.
Explore the need for labor laws in business and the logic of statutes, move code on wages concepts not in previous laws into opportunities, and prepare for inspections in India.
Trace the history of minimum wages and bonus in India. Examine how the code on wages 2019 consolidates minimum wages act 1948 and payment of wages act 1936.
Explore how the code on wages informs wage deductions, bonuses, and minimum pay while addressing labor laws, AC 8000 certification, audits, and contractor labor in a business context.
Define employer, contractor, and employee in factory and retail settings, explain contract labor and employment roles, and summarize wage classifications from unskilled to highly skilled.
Explore the definitions of worker and contract labour, differentiate permanent versus temporary hires, and learn wage calculation by identifying remuneration that is included versus not included.
Define establishment under the code on wages as any place where industry or occupation occurs, with minimum wages applying, and outline industrial disputes over terms and conditions of labour.
Explore how minimum wages are fixed and revised by appropriate government, combining time or piecework with area- and skill-based rates, cost of living allowances, and penalties for nonpayment.
Examine how the code on wages sets a minimum bonus of 8.33% of wages, calculates available and allocable surplus, and enables productivity linked bonuses up to 20% with deferred payout.
Outline penalties under the wage code, including minimum wage related fines for first offences, imprisonment for repeats, record maintenance penalties, and compounding options, with ICF oversight to drive compliance.
This course explains in detail The Code of Wages 2019, one of the 04 Labour Codes that is enacted in India. The Code is explained simply. There is a Business situation in the background and the Code is explained on its backdrop. You will not only be able to understand the Code but will also learn its application. There are numerous examples in this course to help you understand the key concepts. In the Course, I have tried to balance between simplicity and technicality. While the flow of the content is simple, few technical words can not be avoided and I have explained these words. You will also be able to develop the skill of reading and interpreting a Bare Act. With the knowledge of the Code that you gain from this course, reading the Bare Act of The Code of Wages 2019 will be easy for you.
I have kept a forward-looking approach and avoided going back to the legacy.
The objective of this course is to build your skills on labour laws so that you can handle real-life situations, manage inspections and audit at the workplace. For a start-up organisation or a student, this course provides an approach to managing workers and workplace issues.
Labour Law is a practising field and you gain expertise only by practising it.