68, Understanding the Code of Wages through key highlights

#HRhelpdesk #IndiaHRGuide #MandeepSingh with 25 years of HR expertise, Mandeep explores the transformative Code of Wages and its far-reaching impact on organisations. In this video, Mandeep demystifies one of India’s most significant labour law reforms. You’ll learn about universal applicability (even if you employ one person), mandatory registration, and the shift to equal pay and non-discrimination across genders. The discussion covers minimum wages, including the new central floor rate and its extension to domestic workers and personal drivers. It explains payment of wages by the 7th of the month, the push for digital salary payments, and why clarity on the definition of ‘wage’ matters for compliance. You’ll also discover rules on bonus eligibility, record-keeping for three years, and aligning your compensation philosophy with legal requirements. Whether you run a start-up or a large enterprise, these insights will help you stay compliant and future-ready.