Describe beriefy the codes on wages 2019
Answers
Answer:
The new wage code removes the multiplicity of wage definitions, which can significantly reduce litigation as well as compliance cost for employers.
The new Act links minimum wage across the country to the skills of the employee and the place of employment.
It seeks to universalizes the provisions of minimum wages and timely payment of wages to all employees irrespective of the sector and wage ceiling.
It seeks to ensure "Right to Sustenance" for every worker and intends to increase the legislative protection of minimum wage.
A National Floor Level Minimum Wage will be set by the Centre and will be revised every five years, while states will fix minimum wages for their regions, which cannot be lower than the floor wage.
It subsumes the following four labour laws:
The Payment of Wages Act, 1936
The Minimum Wages Act, 1948
The Payment of Bonus Act, 1965
The Equal Remuneration Act, 1976.Explanation: