LABOUR REFORM BILLS
INDUSTRIAL
WAGE CODE
1. Notified in Aug 2019
2. Subsumes Payment of Wages
Act, the Minimum Wages Act,
the Payment of Bonus Act,
1965 and the Equal
Remuneration Act
3. Applies both Organized &
unorganized sectors
4. Envisages applicability, timely
payment of wages & minimum
wages to all employee
5. Concept of floor wage-
determined by center-
minimum living standards of
worker- geographical areas
6. Minimum Wage > Floor Wage
7. No discrimination of wage for
Male & Female- same work
done
INDUSTRIAL SAFETY &
RELATIONS
1. Subsumes 9 laws
2. Empowers Center- notify social
security schemes- EPF, EPS
and ESI for the benefit of
workers in all sectors
3. Empowers Centre to frame
schemes for self-employed,
unorganised workers, gig
workers and platform
workers and the members
of their families.
4. Firms employing more than
20 workers have to
mandatorily report vacancies
online under this code.
5. Provision- create social security
fund- unorganized sector.
SOCIAL SECURITY WELFARE
1. Subsumes 3 laws
2. Expanding definition- Worker-
persons employed in a skilled or
unskilled, manual, technical,
operational and clerical capacity,
now also includes persons
employed in a supervisory
capacity and earning less than Rs.
18,000
3. introduces a new provision for
fixed term employment, giving
employers flexibility to engage
a worker on the basis of a
written contract.
4. Fixed term employees will get
the same benefits as the
permanent employees.