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RETRENCHMENT COMPENSATION
Employees terminated for business reasons are entitled to compensation and re-skilling funds under New Labour CodeNew central government rules under the Labour Code offer significant benefits to employees facing job loss due to business reasons. These w...- Can you be fired from job despite achieving your annual target? Know what the labour law saysMeeting annual targets doesn't guarantee job security in the private sector. Labour laws, particularly the Industrial Disputes Act, offer p...
- Your in-hand salary may not change under the new labour code yet, know whySalaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI...
- Got salary arrears after resigning? Use Form 39 to avoid higher tax in 2026–27Resigning from a job in FY 2025-26 and receiving salary arrears in FY 2026-27 can lead to a higher tax liability. To avoid this, taxpayers ...
- Why Strong Performers Are Not Always Safe When Companies Cut JobsEmployees often believe good performance ensures job security, but company layoffs are driven by business needs, not individual merit. Stra...
- Laid off by Oracle? Here’s how to calculate your severance pay and legal entitlementsIn India, many employees who laid-off by their respective companies remain unaware of their legal rights. The article clarifies notice peri...
- Employer can’t punish you for taking entitled leaves under New Labour Code 2025: know moreNew labour code 2025 ensures employees cannot face penalties for utilizing their full leave entitlements. Employers are barred from reducin...
- Termination to be less painful under new labour codes: Employees to get funds for re-skilling in addition to retrenchment compensationEmployees laid off will receive additional funds for skill enhancement, complementing their severance pay. With the new labor codes set to ...
- What employees lose when forced to resign instead of being fired by employerThese days when a employee is fired from the job, the company asks them to tender resignation. However, when an employee is forced to volun...
- Moonlighting: Staff can't take up work that's against company's interests, says govtMoonlighting refers to a full-time employee of a company taking up an additional job, usually without the employer's knowledge. There have ...
- Lay offs are deemed illegal if not carried as per Industrial Disputes Act: Minister Bhupender YadavAmid reports of mass layoffs by several firms, including in the IT sector, Labour and Employment Minister Bhupender Yadav on Thursday said ...
- Government says Labour Codes aimed at expanding labour welfare measuresOn raising the employee limit of smaller units for closure to 300, the Ministry said the Parliamentary Standing Committee had also recommen...
- Lost your job or taking VRS? Here's how the severance payout will be taxedDownsizing—be it by a startup or a global giant—is no longer a rarity. Understanding the tax implications of the severance package can come...
- Industry seeks 6-week prior notice for strike: SurveyCorporate officials believe it would be beneficial for the economy if strikes are permitted with 6-week prior notice for industries related...
- Former Air India employees win retrenchment compensationNine former Air India staffs of its Singapore office have won SGD 25,667 shortfall in retrenchment compensation at the Industrial Arbitrati...
- Economic survey calls for Factories Act amendmentAt a time when job losses are on the rise worldwide, the pre-Budget Economic Survey has suggested doing away with the rule of procuring pri...
- Package to hike worker's compensation 3 timesGovernment is likely to enhance retrenchment compensation for workers of the organised sector to more than 45 days per year from the existi...
- Shut units can terminate staff: SCThe Supreme Court on Tuesday ruled that the termination of services on account of closing down of a unit or undertaking which has no functi...
- GoM clears contract labour in 13 areasIn a positive signal to the international business community, the Group of Ministers (GoM) on contract labour on Wednesday put its “in prin...
- Labour panel recommends hire & fireThe second National Commission on Labour and the group of ministers on labour seem to speak in the same voice.
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