I was very enthused in writing this blog as I read about the draft manufacturing policy yesterday. Me having worked in various countries and experienced the working culture there, always felt that the aptitude and abilities of any Indian is in no way inferior to the other world. In fact our ability to improvise and work against all odds to meet a goal is exceptionally good. However I saw that the labor laws in our country didn't really promote progress by way of not supporting continuous increase in productivity.
In our context the approach of passive resistance that is adopted by our trade unions is one of the main deterrents to progress. The root cause there is the stability in one's work and earnings. The proposal to create a job loss fund with regular contributions from all the employers that can be used at times of recession is really excellent in tackling this truly justified social cause.
We must be cautious that this facility doesn't become a menace as the social security systems leading to lethargy as in some countries. Therefore I am of the opinion that apart from the job loss fund, the policy must also limit applicability of the our labor laws as well as the complete compensation from the job loss fund only to such employees with earnings less than a set value that shall be a multiple of the basic wage. In other words those earning more than this limit will neither be entitled to go to labor courts for disputes nor will be eligible for unlimited compensation from the job loss fund. For such employees with a higher earning the support from the job loss fund can be limited for 6 months as a possibility.
In our context the approach of passive resistance that is adopted by our trade unions is one of the main deterrents to progress. The root cause there is the stability in one's work and earnings. The proposal to create a job loss fund with regular contributions from all the employers that can be used at times of recession is really excellent in tackling this truly justified social cause.
We must be cautious that this facility doesn't become a menace as the social security systems leading to lethargy as in some countries. Therefore I am of the opinion that apart from the job loss fund, the policy must also limit applicability of the our labor laws as well as the complete compensation from the job loss fund only to such employees with earnings less than a set value that shall be a multiple of the basic wage. In other words those earning more than this limit will neither be entitled to go to labor courts for disputes nor will be eligible for unlimited compensation from the job loss fund. For such employees with a higher earning the support from the job loss fund can be limited for 6 months as a possibility.
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