🚀 Decoding Wages Under the New Wage Code 2019: Compliance, Structure & Strategy

3-Hour Live Online Workshop

Master the New Definition of ‘Wages’ and Re-engineer Your Compensation for 100% Compliance.

Are You Prepared for India’s Biggest Compensation Overhaul?

The implementation of the New Wage Code, 2019, brings a single, standardized definition of ‘Wages’ that fundamentally changes how you calculate mandatory employer obligations like Gratuity, PF, ESI, and Bonus. Non-compliance could lead to significant financial penalties and unexpected increases in your Cost-to-Company (CTC).

This 3-hour power-packed workshop is designed to provide HR Leaders, Payroll Managers, and Finance Executives with a practical, step-by-step framework to navigate the complexities, restructure salary components, and ensure seamless compliance.

🎯 Key Learning Modules: What You Will Master

This workshop dives deep into the statutory provisions that directly impact your organization’s financials and employee compensation structure.

Module 1: Decoding ‘Wages’ under the New Labour Codes

• Simplified Clarity on Inclusions and Exclusions: A precise breakdown of the components that must be counted as ‘Wages’ (Basic Pay, Dearness Allowance, Retaining Allowance) and the items that are explicitly excluded (HRA, Overtime, Bonus, etc.).

• The Single Definition Impact: Understanding how this uniform definition replaces multiple definitions across four subsumed laws (Payment of Wages Act, Minimum Wages Act, etc.) and its cascading effect on all statutory calculations.

Module 2: Decoding the Current Pay and Benefits Landscape

• Insight-Driven Review of Compensation Structures: Learn to audit your current salary breakup to identify statutory and compliance gaps under the new Code.

• Case Studies: Analysis of typical pre-Code salary structures and the immediate financial and compliance risks they face upon implementation.

Module 3: Decoding the New Salary and Benefits Structure

• Practical Framework for Redesigning Packages: Step-by-step guidance on restructuring CTC and salary components to align with the new statutory definition of ‘Wages.’

• The 15% Rule: Understanding how non-monetary components (remuneration in kind) are valued and how their value, limited to 15% of total remuneration, forms part of ‘Wages.’

Module 4: Decoding the 50% Rule and Compliance Strategy

• Detailed Explanation of the Statutory Thresholds: The critical provision stating that the sum of all excluded components cannot exceed 50% of the employee’s total remuneration.

  • If the exclusions exceed 50%, the excess amount must be added back to ‘Wages.’

• Structuring Strategy: Strategies to minimize the financial impact on CTC while maximizing employee social security benefits, including the interplay with the existing EPF wage ceiling.

Module 5: Decoding Wages for Specific Statutory Compliance

A focused, practical interpretation of how the new ‘Wages’ definition impacts key employer liabilities:

• Decoding Wages for Overtime Compliance: Operational understanding of employer obligations to pay overtime at a rate at least twice the normal wage rate, calculated on the new, higher wage base.

• Decoding Wages for Bonus Applicability: Focused interpretation of how the new wage definition influences bonus eligibility and calculation, unifying the approach across the organization.

• Decoding Wages for Gratuity Calculations: Practical view of wage composition and the likely increased liability for Gratuity, especially for companies with historically low basic pay, including the new provision for fixed-term employees.

🗓️ Workshop Details

⭐ Who Must Attend?

• HR Heads & Managers

• Payroll & Compensation/Benefits Specialists

• CFOs, Finance Controllers, and Accounts Teams

• Business Owners & CXOs

💰 Investment

Regular Fee : ₹1,999/- Only

Special Offer : ₹599 /- Only

Secure Your Spot Now and Turn a Compliance Challenge into a Strategic Advantage.

REGISTER NOW – HERE