Explained: Why firms are not happy with Haryana’s local job reservation law

The New Haryana State Employment of Local Candidates Act, 2020 proposes to reserve at least 75 per cent of jobs in the private sector for locals, with a monthly remuneration of up to Rs 50,000. But a large number of companies are not happy with the local job law. Here's why:

The recent local job quota law passed by the Haryana government may do more harm than good, especially in Gurugram, which has emerged as one of the biggest startup hubs in the country over the past few years. The New Haryana State Employment of Local Candidates Act, 2020 proposes to reserve at least 75 per cent of jobs in the private sector for locals, with a monthly remuneration of up to Rs 50,000. The quota will be applicable for a period of 10 years after it is notified by the government.