New Labor Code : What kind of changes will come in workers, employers and HR technology due to new labor laws

Under the new Labor Code, the Government of India is expected to simplify labor laws, companies to manage their workforce, safety of workers and maximum benefits.

May 1 means Labor Day means Labor Day. In the year 2022, there is a need to re-understand the new labor code implemented across the country. Under the new Labor Code, the Government of India is expected to simplify labor laws, companies to manage their workforce, safety of workers and maximum benefits. On the other hand, due to the new labor code, the impact will also be seen in HR tech in the country. Let us also tell you that what kind and how will you get from the new labor code?

What kind of benefits will the employer get?

• Under the new code, companies will be able to appoint employees on contract for a fixed period.
• Companies will get flexibility in increasing or reducing the work force.
• Companies will be able to manage their work force completely as per the requirement.
• With the new code, it will be easier for companies to keep salary, working hours and other benefits and records of their employees.
• Many things have been made very easy in the new codes, due to which the situation of confusion in the employee will end.

How will workers get benefits

• The new code will give more safety and benefits to the workers.
• Provisions for minimum wage, social security benefit and grievance redressal mechanism are included.
• The code will provide a new social security net for workers, which includes insurance and pension benefits.
• The company will have to settle the professionals who are planning to leave the country in two days.

HR tech will be affected

With the introduction of the new labor code, HR tech is expected to have a great impact in the country. Companies will need new HR technology to manage their work force and comply with the new labor code. HR technology providers will have to update their platforms to comply with the new rules. HR policy can be prepared from the new labor code. Which can help companies manage their workforce more effectively.