New Labour Law: FNF in 2 Day Employees must receive their Full & Final Settlement within 2 working days under the New Wage Code.
New Labour Law: FNF in 2 Day Employees must receive their Full & Final Settlement within 2 working days under the New Wage Code.
Why FNF Was Delayed Earlier? Earlier, companies took 30–60 days to release pending salaries and dues.
2 Working Days Rule Explained Employers must clear all dues within 48 working hours of the employee’s last working day.
Rule Applies to All Employee This rule covers resigned, terminated, and retired employees.
What Counts as a Working Day? Weekends and festival holidays are not counted . Only business-operating days matter.
What’s Included in FNF Settlement? Notice period salary, leave encashment, unpaid salary, bonuses, incentives, reimbursements, and other dues.
Minimum Wage Law Becomes Strict Companies cannot hire any employee below the minimum floor wage as per new rules.
What Is the Floor Wage? A national minimum wage that no employee can be paid below , regardless of state.
How Are Wages Decided Now? Wages depend on skill level, location, and nature of work , but must meet floor wage.
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