For gig workers, employers need to maintain a corpus for social security and the execution of this will be key, said Rituparna Chakraborty, executive vice-president of staffing company TeamLease Services.
The introduction of an online platform which will capture all the data about temporary workers is a big positive, said Lohit Bhatia, president of workforce management at staffing company Quess Corp. “Now there will be a clear demarcation about how many are working, what benefits they’re getting – medical allowance, pension, etc.”
Bhatia also said that the extension of minimum wages to all sectors, which has been announced this year, had been a big ask from temp staffing companies.
He also said that the compliance burden of companies would be greatly reduced since the 44 earlier labour laws have been subsumed into the four new labour codes. This would mean that companies might have to file only one return per code.
“Earlier lots of companies had to remain small because of overwhelming compliance burden,” said Bhatia. Now, they would be incentivised to get bigger.
The FM had said that “compliance burden on employers will be reduced with a single registration and licensing and online returns”.
