MUMBAI: The World Trade Center Mumbai, in association with the All India Association of Industries (AIAI), hosted a high-impact seminar titled ” India’s New Labour Codes: Impact on Industries and employees” here today at World Trade Center Mumbai. The event brought together nearly 200 industry leaders, business executives, and HR professionals to understand the impact of the Labour Codes on businesses and MSMEs.

Speaking at the seminar, Suhas Basakhetre, Managing Director, Prompt Personnel Pvt. Ltd., stated, “enhancing the ease of doing business is the central objective of India’s labour law reforms. He noted that the earlier labour laws, many of which had been in force for decades, have now been comprehensively rationalised by consolidating 29 existing laws into four simplified labour codes.”

Highlighting the intent behind the reforms, Basakhetre said that the labour codes focus on simplification of laws, ease of compliance for employers, digitisation of processes, creation of a balanced and equitable framework for both employers and employees, and strengthening enforcement mechanisms

He further added that, “the entire compliance and enforcement ecosystem has now been digitised, significantly reducing regulatory complexity. Over 1,400 compliances have been streamlined to approximately 400, which is a major step towards improving the ease of doing business. The new labour codes aim to provide equal weightage to the interests of employers and employees, fostering a more transparent, efficient, and growth-oriented labour ecosystem.”

In his remark, Dr. Vijay Kalantri, President, All India Association of Industries and Chairman, World Trade Center Mumbai, said, “The consolidation of 29 existing labour laws into four unified labour codes is a landmark reform aimed at simplifying labour regulations, expanding worker protections, and improving predictability and clarity for employers.

“There would be greater job formalization and increased worker welfare, which would lead to potential job creation and increased consumption. These positives come with certain challenges, including higher wages and labour costs, more formalities, possible job insecurity, strained HR capacity, increased compliance workload, and short-term cost impacts. These reforms mark a decisive step towards building a more unified, resilient, and inclusive labour ecosystem, aligned with India’s vision of a Viksit Bharat 2047,” Dr. Kalantri stated

Yashashri Kulkarni, General Manager, Labour Law Compliance, Prompt Personnel Pvt. Ltd., highlighted key provisions under the Code on Wages, including the fixation of a National Floor Wage and the need for employers to realign and update their wage structures accordingly.

She further noted that this is the first time Indian labour legislation has formally defined emerging categories such as aggregators, gig workers, platform workers, and fixed-term employment, reflecting the evolving nature of the workforce. Referring to the Code on Social Security, Ms. Kulkarni pointed out that the EPF case deposit requirement has been significantly reduced from 75 per cent to 25 per cent of the estimated amount, while monetary penalties for non-compliance have been enhanced to strengthen enforcement.

She also highlighted important reforms under the Occupational Safety, Health and Working Conditions Code, including the introduction of a pan-India single licence regime, liberalisation of leave encashment provisions, and mandatory crèche facilities, all aimed at improving worker welfare while simplifying compliance for employers.

The seminar concluded with an engaging and interactive question-and-answer session. Priya Pansare, Director Trade and Investment Promotion, World Trade Center, Mumbai, Suhas Basakhetre, and Yashashri Kulkarni presented the vote of thanks by expressing their gratitude to and for the insightful seminar. 

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The award recognizes Tata BlueScope Steel’s outstanding contribution to the Human Resources function, affirming the Company’s commitment to creating a conducive and rewarding work environment. 

Receiving the Maharashtra Best Employer Brand Award 2023 is a testament to Tata BlueScope Steel’s dedication to building a strong and nurturing work environment.  

The Company remains committed to its employees’ well-being, growth, and overall satisfaction as it continues to set new benchmarks in the steel industry. 

Ms. Neena Bahadur, CHRO of Tata BlueScope Steel, received the award at the India Human Capital Summit & Awards held in Mumbai on July 13, amidst industry leaders and HR professionals. 

“This recognition inspires and motivates the entire TaBluvian community to strive for even greater excellence, especially within the steel industry where an organization’s success is intricately linked to its people. The Company takes pride in employing the industry’s best professionals and fostering a mutually beneficial and enduring relationship with them. Life at Tata BlueScope Steel is a perfect blend of work and enjoyable moments, with a focus on achieving excellence,” said Ms. Neena Bahadur, Chief Human Resource Officer, at Tata BlueScope Steel. 

At Tata BlueScope Steel, people are recognized as the organization’s most valuable asset, shaping its success.  

Tata BlueScope Steel cultivates a professional work atmosphere where excellence is pursued with enthusiasm. The Company places a strong emphasis on the human aspect of human resources, ensuring that employees feel valued and supported. 

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INDIA: According to the social business network LinkedIn, Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility was awarded the LinkedIn Top Companies 2023 ranking – three times in its first go as a stand-alone company: in France, India, and the United States. That means: The company with around 38,000 employees worldwide is one of the most attractive employers on each of the three continents on which it operates.

“We are proud of this award, which demonstrates our commitment to the professional development and personal growth of our employees,” explains Ingo Holstein, CHRO at Vitesco Technologies: “We want our company to be a place where every employee can find purpose at work, can feel safe to speak up, and can be confident that they are seen as the individuals they are.”

Every year, the LinkedIn Top Companies ranking recognizes companies that offer their employees the best career opportunities. Besides professional development, selection criteria for this ranking also include work-life balance, commitment to diversity and inclusion, and the ability to attract and retain top talent.

In India, the company employs a strong workforce of 1495 employees. Recognizing India as an important hub, the company is looking forward to increasing its employee base and is looking for employees with skills in different areas.   

Vitesco Technologies offers generous work-life balance benefits with flexible work schedules to help employees achieve their professional goals. They offer different path offerings which allow employees to advance within or outside their field and improve their career trajectory. Its goal is to help each of its employees find success while cultivating new skills and strengthening current ones. It encourages collaborative engagement initiatives that help familiarize the team members in other functional areas and countries to collaborate and gain new ways of thinking. The employees are also permitted to work remotely as long as it is compatible with their roles and responsibilities.

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