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Investor Presentaiton

Key Changes in the Labor Act Headings Applicability Hiring Old Labor Laws • Headcount Applicable Threshold: to entities more where 10 or employees are engaged No clarity on INGOs Advertisement requirement Limited hiring options (permanent, piece rate) contract, Probation: applicable to permanent employees • Outsourcing: covered • Foreign Not Nationals: Limited option (only on unavailability) New Labor Laws Headcount Threshold: No headcount threshold • Covers profit and not for-profit Specific provisions on excluded services · No requirement advertisement Flexible hiring options (Regular, time-bound, work based, casual, part-time) Probation: applicable to all employees Outsourcing: Regulated Foreign Nationals: Flexible and more options NEER LAW ASSOCIATES
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