The New Labour Codes recently passed by the Parliament are expected to bring in simplification with drastic changes and in the structuring of human resource and its cost. Compliance management is expected to be very simplified and different. The flexibility provided by these new laws would surely come with a cost but would necessitate good management practices.

The most important focus of any business is the return on investment, which makes it imperative to be prudent and financially plan the operations in alignment with value chain analysis for every commercial activity being undertaken. The various aspects that require immediate consideration in terms of the new labour codes are as follows: