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Indian Labor laws are referred to as the regulation of the labor in India. Curtailing to the Indian government directive both federal and the state are responsible for the protection of rights for the working class. Labor is a concurrent list of the Indian constitution, this makes labor matters usually both under the state and central laws. For any Human Resource (HR) though the legal terms are not applicable but the knowledge of certain basic laws will permit them to have a better understanding of creating employees handbooks and planning the future of the organization.
Payment of Wages Act,1936
- Payment of Wages Act 1936 -it requires an employee receive wages on time and without any unauthorized deductions. According to this law, the company must also pay all the tax and deduct from the employer’s payment before distributing the wages. For any HR it’s important to understand that wages with primary directive should follow all income-tax and corporate laws.
Minimum wages Act 1948
- Minimum wages Act 1948– All the employees should be paid a minimum amount depending on the kind of work and location. For any HR it would important for them to maintain certain paying scale for the employees is currently satisfied with the current organization.
Payment of Gratuity 1972
- Payment of Gratuity 1972– The law is applicable to the establishments with 10 or more workers. Gratuity is to be paid if the employee resigns or retires. The government has mandated that employers pay 15 days of salary to an employee for each year completed. This would be a kind of loyalty bonus for the employees.
Payment of Bonus 1965
- Payment of Bonus 1965-Any establishment with more than 20 people requires bonus use to be paid out of profits based on productivity.
Human Resource (HR) position is the most decisive position in such cases when the employees are having some complaint against the management, work conditions or pay. To reduce the escalation its imperative the HR is trained to handle such volatile situation.
Pace Academy in Pune with its industrial trainers provides live examples for you to understand and reflect.