67% of Karnataka-based firms favour phased rollout of Labour Codes:
About 67% of the industry prefers a phased rollout of Labour Codes for better preparation and ease of implementation, according to a survey conducted on over 133 companies in Karnataka, many of which have national operations.
The survey was done by Karnataka Employers’ Association (KEA) and employment law consulting firm BCP Associates.
According to a press release on the survey findings, 67 per cent of the industry prefers a phased rollout of the Codes, rather than all at once, for better preparation and ease of implementation.
Around 34.9 per cent of companies have been proactive in taking various steps towards implementation of the Codes while 18.6 per cent have not initiated any action thus far. It also found that 83 per cent of the industry clearly understands that the Codes have an all-encompassing implication on the entire employee lifecycle, as opposed to the general perception that the Labour Codes only entail changes to wages.
The four Labour Codes on wages, industrial relations, social security and occupational safety, health & working conditions have already been passed by Parliament.
The union government has firmed up rules under the Codes to enforce them and intends to implement them in one go.