Code of Wages – Impact on CTC, Equal Remuneration & Gender Balance
The Code of Wages has introduced dynamic reformations on the remuneration structure and a significant transformation to the archaic Equal Remuneration Act, 1976.The Equal Remuneration Act, applied to limited set of “Workers”, and mandated equal remuneration to men and women workers. Essentially, this law prevented discrimination against women, where they are engaged in “same work or work of a similar nature “ The Code of Wages has expanded the scope of payment of equal remuneration to extend the definition to cover even supervisory and managerial personnel with inclusive norm- men – women – third gender, as well. Section 3 of the Code mandates that there shall be no discrimination in an establishment or any unit thereof among employees on the ground of gender in matters relating to wages,,.. in respect of the same work or work of a similar nature done by any employee. The definition “employee” includes supervisory, managerial, administrative, technical or cleric...