The Employees State Insurance Act, 1948
The Employee State Insurance Act was enacted to offer security and protection to the employees of India and its respective states. As per this act, an employer is required to cover the expenses through insurance. The act provides health and medical benefits to all the employees and up to 6 dependents of the employees.
The purpose behind this act is to provide help in case of sickness, funeral, accident, injury, maternity, etc.
Key Takeaways
- For working-class employees in India, the ESI Act is beneficial and works in their favour, while also providing benefits for sectors outside of that working class.
- As per this act, an employer covers expenses in cases of tragedy, funeral, maternity sickness, etc.
15 Laws and Regulation that every HR Manager should be aware of
HR Managers are responsible for shaping the overall growth of the company. Right from recruitment, induction, training and development to performance assessment and grievance resolution, they are responsible for the performance, retention, and satisfaction level of employees. From the legal point of view, Law plays a very important role in the duties of an HR Manager though it may not always be evident. For instance, hiring is accompanied by contracts, which are regulated by the Indian Contract Act, 1872. Firing may require one to follow the provisions of different contracts, ensure that any intellectual property created by an employee is protected in favour of the company, and that proper disciplinary actions take place if someone is being fired due to a breach of the code of conduct.
Table of Content
- Laws and Regulations that Every HR Manager should be Aware of
- 1. Sexual Harassment (Prevention, Prohibition and Redressal) Act, 2013
- 2. The Apprentices Act, 1961
- 3. The Maternity Benefit Act, 1961
- 4. The Payment of Gratuity Act, 1972
- 5. The Employees Provident Fund Act, 1947
- 6. The Factories Act, 1948
- 7. The Workmen’s Compensation Act, 1923
- 8. The Payment of Wages Act, 1936
- 9. The Industrial Disputes Act, 1947
- 10. The Payment of Bonus Act, 1965
- 11. The Employees State Insurance Act, 1948
- 12. Child Labour Regulations (CLR)
- 13. The Trade Unions Act, 1926
- 14. The Equal Remuneration Act, 1976
- 15. The Minimum Wages Act, 1948