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
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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
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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
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