The Minimum Wages Act, 1948
The purpose behind the Minimum Wages Act, 1948 is to secure the welfare of both skilled and unskilled labourers in India. As per the provision of this act, a person must be paid at least a minimum wage which is fixed by the government. Every woman shall be paid the same wage for the same kind of work as that of a man, i.e., equal to the man and not less.
The main motive behind the act is to ensure that the employers cannot exploit the workers with the lower rates.
Key Takeaways
- The act also states that even if a worker agrees to work on less wages than prescribed by the government, the employer is still bound to pay the minimum wage.
- Hence, the fair wage system helps maintain a level of employment and tries to increase the same by considering the company’s ability to bear the expense.
Hence, it is very important for HR managers to be very well aware of these laws and make significant contributions through various policies. Human resources with adequate legal knowledge can help a company run in a smooth manner.
15 Laws and Regulation that every HR Manager should be aware of
HR Managers are responsible for shaping the overall growth of the company. Right from recruitment, induction, training and development to performance assessment and grievance resolution, they are responsible for the performance, retention, and satisfaction level of employees. From the legal point of view, Law plays a very important role in the duties of an HR Manager though it may not always be evident. For instance, hiring is accompanied by contracts, which are regulated by the Indian Contract Act, 1872. Firing may require one to follow the provisions of different contracts, ensure that any intellectual property created by an employee is protected in favour of the company, and that proper disciplinary actions take place if someone is being fired due to a breach of the code of conduct.
Table of Content
- Laws and Regulations that Every HR Manager should be Aware of
- 1. Sexual Harassment (Prevention, Prohibition and Redressal) Act, 2013
- 2. The Apprentices Act, 1961
- 3. The Maternity Benefit Act, 1961
- 4. The Payment of Gratuity Act, 1972
- 5. The Employees Provident Fund Act, 1947
- 6. The Factories Act, 1948
- 7. The Workmen’s Compensation Act, 1923
- 8. The Payment of Wages Act, 1936
- 9. The Industrial Disputes Act, 1947
- 10. The Payment of Bonus Act, 1965
- 11. The Employees State Insurance Act, 1948
- 12. Child Labour Regulations (CLR)
- 13. The Trade Unions Act, 1926
- 14. The Equal Remuneration Act, 1976
- 15. The Minimum Wages Act, 1948