When countries like Japan, Denmark, Scotland and New Zealand announced a 4-day work week, people in India wondered “Apna Time Kab Aayega?” ( When will we get the same?). The thought of getting a 3-day long weekend would mean more travel experiences, better sleep, quality time with family and whatnot. Well, our time has come. India is likely to implement a 4-day work week for the fiscal year 2022-2023. Read on to know more about this dream come true.
India To Introduce 4-Day Work Week For FY 2022-23
India will soon announce four new labour codes on wages, occupation safety, social security, health and working conditions that will come to action from the next financial year. These new labour codes will impact businesses and workers. Under these new codes, there will be significant changes in the work culture and employment. India may soon have a 4-day work week from next year instead of the current 5-day work week. While this is the good news, the bad news is that employees will have to work for 12 hours on all those four days a labour ministry has announced that the 48-hour weekly work requirements must be met.
India is likely to implement four new labour codes on wages, social security, industrial relations, and occupational safety by the next fiscal year beginning 2022.
Details herehttps://t.co/m6qWbUGxhu
— Hindustan Times (@htTweets) December 20, 2021
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This May Result In 12-Hour Working Days With Less Take-Home Salary
According to a Hindustan Times report, if these new labour codes are implemented, there will be a reduction in the take-home salary of employees as companies will have to finance a higher provident fund liability. While employees will have a higher contribution to the PF account monthly, their in-hand salary will see a reduction. Around 13 states have already pre-published draft rules as the four new labour codes will most likely be implemented in the financial year of 2022-2023. So, are you looking forward to a 4-day work week? Meanwhile, here’s what a working day of a Content Producer-Anchor looks like.