Negatively Productivity differntials observed in relatively small, medium and labour intensive CLI enterprises may be attributed to their higher prosperity to employ contract labour as a cost-cuttin measure or as a means to circumvent regulations. Practice ultimately prove counterproductive in the long run.
5% highrr in high skill enterprises compared to these low skill counterparts. With the productivity advantage increasing significantly t0 20%in large capital intensive CLI enterprises recorded a 17%gain in labour productivity.
20% total formal manufacturing
80% contractulisation.
CG 2020 labour code on industrial relations -greater flexibility hiring and firing.
Exploitation of non permanent worker by mandating the provision of basic statuatory employment benefits. As the labour unions warn increased flexibility in hiring non regular worker could accelerate formalisation and further erode quality of jobs in formal sector
Policymakers can incentive firms to adopt reasonably longer fixed-term contracts by offering concessions or subsidised access to government skilling programmes, enhance workforce stability and support skill accumulation, while also assuaging labour Union fears about the potential rise in the precisous employment.
2016 Pradhan Mantri Rojgar Protsahan Yojana to incentive job creation in the formal sector by bearing employer's contribution (12%) to Employees' Provident Fund EPF discontinued in March 2022 Reviving and extending support under the pmrpy could help curb the misuse of contract labour and promote formalisation innthe manufacturing sector.
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