The
Central Government has introduced
major changes in labor rules, implementing
four new labor codes that replace older laws. These updates aim to
strengthen employee benefits and financial security.
1️⃣ Gratuity After 1 Year: A Game-Changer
· Previously, employees were eligible for
gratuity only after 5 years of service· Under the new rules,
gratuity can be claimed after just 1 year· This ensures
early financial protection for short-term employees
2️⃣ Which Employees Are Affected?
· All
private sector employees covered under the
Payment of Gratuity Act· Applicable to those
earning up to a certain salary limit (as per government notification)· Benefits extend to
permanent, contract, and casual workers3️⃣ Other Key Labor Code Changes
·
Working Hours & Overtime: More flexibility with
maximum weekly hours and overtime compensation·
Leave & Holidays: Standardized
leave rules across industries·
Social Security Benefits: Easier access to
health, pension, and insurance benefits4️⃣ Impact on Employees
·
Faster financial security: Gratuity payout can support employees
even in shorter tenures·
Increased job satisfaction: Employees feel
protected and valued·
Easier retirement planning: Early gratuity accumulation helps in
long-term savings5️⃣ How to Claim Gratuity Under New Rules
· Ensure
employment records and salary slips are maintained· Apply through
employer or HR department after
completion of 1 year· Keep updated on
online government portals for streamlined processing
✅ Takeaway
The
new labor codes are a
major step forward for employee welfare, with
gratuity after just 1 year being a landmark change. Employees now enjoy
earlier financial security and broader social benefits under standardized rules.
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