The four Labour Codes - the Code on Wages (2019), the Industrial Relations Code, the Code on Social Security, and the OSH Code (all 2020) - subsume dozens of older laws. Headline impacts for CHROs: a uniform definition of “wages” (basic+DA ≥ 50% of pay, lifting PF/gratuity), extension of social security to gig/platform workers, and streamlined (often digital) compliance.
In India
The Codes are enacted but roll out as central/state rules are finalised - timelines have shifted repeatedly. Confirm the current implementation status before restructuring pay, as the wage-definition change materially affects take-home and retirals.
In practice
Modelling the 50%-wages rule: an employee with basic at 35% of CTC would see basic rise toward 50% - increasing PF and gratuity accrual, nudging take-home down, and raising employer provisioning. CHROs pre-run this across the whole base.