Mandatory Compliance Checklist for New Labour Codes

This document is a compliance checklist focused on the new Labour Codes, specifically addressing financial and payroll restructuring, social security obligations, and employee welfare regulations. It outlines mandatory actions required for organizations to comply with the Code on Wages, 2019, and the Code on Social Security, 2020. Key actions include enforcing a 50% statutory wage floor, recalculating payroll liabilities, and ensuring minimum wage guarantees for all employees. The checklist also details requirements for gig economy contributions, updating gratuity eligibility, and expanding social security coverage. Additionally, it emphasizes the importance of employee welfare through mandatory appointment letters, health check-ups, and gender equality measures. The document mandates digital compliance and risk management strategies to facilitate adherence to the new regulations. Organizations are instructed to prioritize immediate implementation to avoid penalties, highlighting the necessity of cross-functional coordination among HR, Finance, Legal, IT, and Compliance teams for successful transition.