Publication Alert- ‘“Wages” Under Labour Codes – Tipping the Balance’ published on Mondaq

An article titled ‘“Wages” Under Labour Codes – Tipping the Balance’, co-authored by Partner Vipin Sharma and Associate Prakhar Raghuvanshi, published on Mondaq.

The Labour Codes have introduced a uniform and wider definition of “wages”, with significant implications for the computation of statutory benefits such as gratuity, leave encashment and overtime. In this article, our authors have examined the 50% wage rule, the treatment of excluded components, and the key principles that employers should consider while determining what constitutes “wages”.

The article also highlights the potential impact on compensation structures and the importance of careful payroll and HR planning to balance compliance, employee benefits and cost considerations.

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