Such is the labor law consultancy, which provides great benefits to employees if used properly. The benefits that employees or workers in an organization can get from their respective employers are as follows Benefits of Using–
The Maternity Benefit Act, 1961 under labor law consultancy benefits all women who are expecting child get the benefit of average pay for six weeks before delivery. The act benefits the women employed directly or indirectly through a contract except those who working in mines or factories. It incorporates with the state labor law and maternity benefits law.
Employees provident Fund and MP act, 1952 under labor law consultancy provides benefits to employees of their provident fund. An employee and the employer contribute equally for the provident fund which is neither withdraw able not attachable by the employer or the employees except of certain circumstances like marriage, buying of house. However, this benefit is very much in benefit of the employees as the employee enjoys social security of employment.
State Insurance Benefit:
Employees State Insurance Act, 1948 under labor law consultancy provides another great benefit to the employees employed in an organization. Every employee during the time of employment is covered with state insurance that insures the future security of employee and his/her family.
The Minimum Wages Act, 1948 under labor law consultancy provides a great benefit to employees. Every employer needs to pay the amount discussed at the time of employment in any circumstances. Moreover, there are provisions for overtime wages where an employer needs to pay double if an employee does overtime in employer favor.
Benefit of Bonus:
The Payment of Bonus Act, 1965 under labor law consultancy enacts the right of the employees to get a timely bonus for the service they provide to the employer. If an employee have worked for a full 30 days, then an employer have to pay bonus of minimum 8.33% as stated in this act. It is mandatory for providing bonus from a government-listed company even if the company is running in loss or there is little or no profit.
Equality in Pay scale:
The Equal Remuneration act, 1976 under labor law consultancy is another act that provides benefits to the employer. As per the law, there should be no discrimination in employment of women and men. Every employer is bound to pay equal salary to everyone irrespective of gender, race, color, religion or ethnicity.