HR Glossary
What is The Social Security Code, 2020?
India's Social Security Code, 2020 consolidates nine laws covering provident fund, ESI, gratuity, maternity benefits, and employee compensation into a single statute, and for the first time extends social security coverage to gig workers, platform workers, and the unorganized sector.
Why it matters in hiring
The Social Security Code, 2020 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
- TFSA - Tax-Free Savings Account (Canada)
- The Code on Wages, 2019
- The Industrial Relations Code, 2020
- The Occupational Safety Code, 2020
- Time to Fill
- Time to Hire
- Title VII
- Total Compensation
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