Impact of New Labour Codes Across Indian Industries
SHRM India in partnership with Ultimate Kronos Group (UKG) conducted a series of focus group conversations with key senior leaders across various industries with the intent of uncovering operational challenges and priorities in implementing the labour codes. These leaders discussed issues related to policy making and digitization and the overall agreement was that these reforms were largely overdue. SHRM and UKG invited senior panelists to come together over 4 industry specific round table conversations covering:
- Manufacturing, Pharma & Auto Organizations
- IT / ITES and BFSI Organizations
- Fmcg, Retail and E-commerce Organizations
Passionate conversations followed which focused on achieving clarity on the way forward for organizations related to the new labour codes around the dimensions of productivity, compliance and costs. Within the roundtables[1] participants were split into multiple groups that first independently discussed aspects related to policy formulation and the imperative for digitalization during implementations. These groups then came together to share their evolved understanding of the changes required. Although there are a lot of crucial areas where clarity is still needed but there is clarity in for example, in-scope and out-scope. Everything is now applicable to everyone - so that is a start!
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