HR Glossary
What is The Code on Wages, 2019?
India's Code on Wages, 2019 consolidates four existing wage-related laws (Payment of Wages Act, Minimum Wages Act, Payment of Bonus Act, and Equal Remuneration Act) into a single statute, establishing a universal minimum wage floor and applying to all employees across organized and unorganized sectors.
Why it matters in hiring
The Code on Wages, 2019 comes up whenever teams compare candidates, set policy or report on people data. Getting the definition right keeps decisions consistent, which is the same reason springhire scores every applicant against the same criteria rather than on impression.
Related terms starting with T
- TDS - Tax Deducted at Source
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- The Industrial Relations Code, 2020
- The Occupational Safety Code, 2020
- The Social Security Code, 2020
- Time to Fill
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