Friday, March 14, 2025
HomeBusiness8th Pay Commission increment: Will it fix the general fitment factor for...

8th Pay Commission increment: Will it fix the general fitment factor for all central government employees? – News18


Last update:

NC-JCM Secretary (Staff Side) Shiv Gopal Mishra says that the 8th Pay Commission increment: The same fitment factor in all pay levels or pay bands will help reduce the widespread salary difference between central government employees.

The 8th Pay Commission is expected to fix a fitment factor between 2.28 and 2.86.

8th Pay Commission Employees Salary Increase: Even the government has already announced 8th pay commissionCentral government employees are waiting for the government’s announcement on the Constitution of the new Commission and the way forward. However, according to reports, the main body of employees is demanding a similar fitment factor for job levels. Will all central government employees get 50 percent increment under the 8th Pay Commission? What do we know here:

The Central Government announced the 8th Pay Commission in January to amend the salary and pension of its employees, even as a tenure. 7th pay commission This year ended. However, the terms of references and members of the new Commission are yet to be announced by the government.

8th Pay Commission: Demand for uniform fitment factor

The National Council of Joint Advisory Machinery (NC-JCM) Staff side has demanded a general fitment factor for all central government employees at all pay levels under the 8th Pay Commission, according to, Ndtv benefits,

NC-JCM Secretary (Staff Side) Shiv Gopal Mishra said that the same fitment factor in all salary levels or salary bands will help reduce the widespread salary difference between central government employees.

JCM is a platform for creative dialogue for peaceful resolution of all disputes as employers and employees between the representatives of the employee and the official side.

Under the 7th Pay Commission, the fitment factor is different in the pay levels, a fitment factor of 2.57 with grade pay 1800 with pay band 1 and 2.62 fitment factor with Grade Pay Rs 4,200 with Pay Band 2. However, for pay band 3, a multiplier of 2.67 is used as a fitment factor.

According to the 7th CPC, the role, responsibility and accountability of an employee moves forward in the hierarchy of an employee.

The 7th CPC said, “To ensure that the amount of jumping into financial words between these pay bands has been done to ensure this. It has been obtained on the basis of the ‘index of index’ from PB-2 that the salary band 1 to 2, 2 to 3 and the subsequent levels, with increasing the levels, the role, responsibility and accountability in each phase in the hierarch She goes . ,

“The proposed salary structure reflects the same principle. Therefore, the existing entry salary at each level has been extended by the ‘index of rationalization’ at each level to suit the payment of gradual grade in each pay band since PB -2, “it has been added.

8th Pay Commission: Employees to get 50% increment?

according to a Finance expressed Citing experts, the 8th Pay Commission can fix a fitment factor between 2.28 and 2.86. According to this, the basic salary of central government employees may increase by 40-50%.

According to the report, CEO Edhil Shetty, CEO of Bankbazaar.com, said that the fitment factor is an important multiplier that is used to determine the new pay structure. In previous commissions, this factor has steadily increased, resulting in an important wage increased. The 7th Pay Commission set a fitment factor at 2.57, leading to an average salary of 23.55 percent. Earlier, the 6th Pay Commission implemented a factor of 1.86.

Shetty said, “With the upcoming amendment, employees can expect even more increase in their household salary,” according, Shetty said. Fee Report.

news Business 8th Pay Commission increment: Will it fix the general fitment factor for all central government employees?



Source link

RELATED ARTICLES
- Advertisment -

Most Popular

Recent Comments