New Labour Laws: Big news for employees regarding overtime

The Ministry of Labor is preparing to implement the new Labor Law in the next financial year. The process is underway to finalize it. After the new laws are implemented, a round of improved rules will start in the country's labour market. Along with this, the government is also trying to clear the doubts that have arisen due to the new labour laws.

Overtime for working even 15 extra minutes

According to a report in the Hindustan Times, the government may change the existing time limit of overtime under the new Labour Law and working more than 15 minutes beyond the scheduled hours will be considered overtime. Companies will have to pay their employees for this. That is, after the completion of working hours, if an employee works for even 15 more minutes, the company will have to pay for it. 

Notably, this time limit is half an hour under the present rules.

Processes to completed by the end of this month

According to an official associated with the development cited by Zee News, the Ministry of Labour has consulted all stakeholders regarding the new labour laws and all the processes will be completed by the end of this month. After this, the process of implementing the rules will be started.

Rules about PF and ESI

In the new law, companies have to ensure that all employees get facilities like PF and ESI. No company can deny it saying that it has come through the contractor or third party. Apart from this, those working under contract or third party will get full salary, it will be ensured by the employers.