Central employees are going to get a lot of good news in the coming days. Let us tell you that a new formula will also be prepared for the increase of salary in the next pay commission. A new formula can also be considered apart from the salary increasing by the fitment factor. Let us tell you that recently, the Central Government has refused to give 18 months DA arrears to the employees. If the salary is increased now, then it will definitely give some relief to the employees.
New salary formula will be implemented in 2024
At the same time, it has also been revealed from the information that the new formula can be implemented in 2024. The recommendations of the Seventh Pay Commission were implemented in the year 2016. More than 5 years have passed since this. The new formula can be used in the 8th Pay Commission to fix the salary of a central employee. So far, no confirmation has been made from the government in this matter.
Now is the right time when the formula for increasing salary apart from Pay Commission should be considered. The cost of living is increasing continuously, due to which the salary of the employees should also be increased. At the same time, Aykroyd formula can be considered to increase the salary of central employees. Let us tell you that this new formula is being discussed for a long time.
At present, the government bases the minimum basic pay of government employees on the basis of fitment factor. Dearness allowance is also revised every 6 months, but no increase is made in the basic salary. If the salary of the employees is determined from the new formula, then inflation, cost of living and performance of the employees will be added to it.
All these things will be assessed, only after that the salary will be increased every year. It will be something like what happens in private sector companies. At the same time, the government’s focus is also on the fact that all categories of employees should get the benefit, right now there is a big difference in everyone’s salary only according to the grade pay. There are currently 14 pay grades in government departments.
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