When
Time
Arrival
Where
For whom
Departure
Culture remains the invisible force behind all business transformation – whether successful or otherwise.
CHROs hold the key to turning culture into an engine of growth.
The four Labour Codes are in force but implementation is incomplete. Companies should treat this as a live compliance obligation, not a future one.
A redefinition of the term 'wages' is the most significant change, reshaping gratuity, PF, social security contributions and retrenchment compensation.
Companies will need to recalibrate gratuity calculations and restructure compensation to meet the 50% rule.
Workforce classification now determines the full range of obligations: overtime, standing orders, union recognition, leave encashment and contract labour.
Gig and platform workers form a distinct category whose contribution rules are still forthcoming.