7th Pay Commission: The focus of the government is that all categories of employees get equal benefits. Right now there is a big difference in everyone’s salary according to the grade-pay.
7th Pay Commission Exclusive: A good news is coming for the central government employees. If sources are to be believed, the fitment factor can be abolished for the increase of salary in the next pay commission. A new formula will be brought in its place. With this new formula, the salary of central employees will increase. Recently, the Central Government has refused to give 18 months DA arrears to the employees. In such a situation, employees can get some relief from the new discussion. However, the new formula is likely to be implemented not yet after 2024.
Basic salary will be fixed every year
The recommendations of the 7th Pay Commission were implemented in 2016. 5 years have passed since that point. According to sources, to decide the salary of central employees (CG Employee Salary), the salary of central employees will be fixed every year with the new formula in the 8th Pay Commission (8th Pay Commission). However, no confirmation has been made by the government in this matter. Sources believe that now is the time when the formula for increasing salary apart from Pay Commission should be considered. Cost of living is increasing continuously. In such a situation, increasing the salary of the employees every year would be a better option.
What is the new formula that is being discussed?
Aykroyd formula can be considered for increase in the salary of central employees. This new formula is being discussed for a long time. Actually, at present the minimum basic salary of government employees is decided on the basis of fitment factor. On this dearness allowance is revised every six months . But, there is no increase in the basic salary. According to experts, with the new formula, the salary of the employees will be linked to inflation rate, cost of living and performance of the employee. After the assessment of all these things, the salary will be increased every year. This will happen exactly like it happens in private sector companies.
Why can a new formula be created?
The focus of the government is that all categories of employees get equal benefits. Right now there is a big difference in everyone’s salary according to the grade-pay. But, with the advent of new formulas, an attempt can be made to bridge this gap as well. There are currently 14 pay grades in government departments. Every pay grade includes employees to officers. But, there is a big difference in their salary. An official of the Finance Ministry told Zee Business Digital that the government’s aim is to improve the living conditions of central employees. The suggestion of a new formula is good, but no such formula has been discussed so far. It is too early to say what will happen in the 8th Pay Commission.
Salary will increase with the inflation of food and clothing
These days inflation is increasing continuously. But, the increase in salary is much less than that. Justice Mathur had indicated at the time of the recommendations of the 7th Pay Commission that we now want to move the pay structure towards the new formula (Aykroyd Formula). In this, the salary is decided keeping in mind the cost of living. The need of the hour is that employees should be given salary as compared to inflation. Let us tell you, the Aykroyd formula was given by the author Wallace Ruddell Aykroyd. He believed that food and clothes are most important for the common man. With the increase in their price, the salary of the employees should increase.
Salary was increased due to fitment factor in 7th pay commission
Under the 7th Pay Commission (7th Pay Commission), the Central Government had revised the minimum salary of the employees from the fitment factor. In this, the basic salary was increased from Rs 7,000 to Rs 18,000 on pay-grade 3. Justice Mathur had said in the recommendation that the government should review the salaries of central employees every year according to the consumer price index.
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