india employmentnews

Fitment Factor Hike: Big update on salary hike of 1 crore central employees, this much will be the fitment factor..

 | 
x

Salary Hike: Every time a new pay commission is implemented, the fitment factor for salary revision is already decided. On this basis, the salary is increased. In January, the government approved the formation of the 8th Pay Commission. Now the latest update has also been received on the fitment factor for the salary increase of the employees. As soon as it is implemented, there will be a bumper increase in the salary of the employees. Know in the news how much fitment factor will be applicable this time.

Salary can increase up to 30 percent-

Central employees and pensioners across the country are estimating that due to rising inflation, this time more salary and pension will be increased than before. However, the new pay commission is yet to be formed and the recommendations are yet to be submitted. After this the government will take a final decision on this. It is also being said that after the implementation of the 8th Pay Commission (8th CPC news), the salary of government employees can increase up to 30 percent.

Know how much will be the fitment factor-

Talking about the fitment factor, this time it can be kept between 2.6 to 2.85, many analysts and experts of salary increase data also believe this. Let us tell you that in the budget, President Draupadi Murmu has stated the formation of the 8th Pay Commission, before this the same thing was said by Union Minister Ashwini Vaishnav. However, it was revealed from the President's statement that the increase in salary after the implementation of the new pay commission will prove to be very beneficial for the employees in the coming time and a strong foundation for the increase in their salary can be laid in the 8th Pay Commission (new pay commission latest news).

Soldiers and pensioners will also get benefits-

When the central government implements the 8th Central Pay Commission, due to this the military personnel will also benefit. At the same time, with the implementation of the new pay commission, there will be an increase in the pension of the pensioners. By implementing the 8th Pay Commission (8th Pay Commission update), the central government will try to eliminate the salary disparity among all the employees, this step of the government will also help the employees to fight inflation.

These are the expectations of the employees from the government-

Due to the benefits under the 8th Pay Commission, the central employees (latest update for employees) have high expectations from this pay commission. Employees believe that under this pay commission, there will be a bumper increase in the salary of the employees. For information, let us tell you that the salary increase done by the central government will completely depend on the fitment factor of the employees. Employees expect a higher salary increase from the government this time than the previous pay commission.

The highest salary was increased in the sixth pay commission -

Under the 7th Pay Commission, the fitment factor (fitment factor in 7th CPC) for the employees was fixed at 2.57 by the central government. Due to this, the minimum salary of the employees was increased from Rs 7 thousand to Rs 18 thousand. During this period, the highest salary hike was seen in the salary of central employees (minimum salary in 8th CPC). The highest actual salary hike by the central government was during the Sixth Pay Commission (6th CPC me salary). During this period, the salary of central employees has been increased by 54 percent. Talking about the lowest increase was seen in the second pay commission. Under the second pay commission, the salary of the employees was increased by only 14.2 percent.

This will be the salary under the 8th Pay Commission-

After the implementation of the 8th Pay Commission, an increase of 25 to 30 percent can be seen in the salary (salary in 8th CPC) of government employees. According to a recently released report, after the implementation of the 8th Pay Commission, the salary of the employees can be increased from 18 thousand to 51 thousand, that is, according to the current minimum salary, this increase will be almost three times. This salary increase will be done based on fitment factor only. Experts believe that under this pay commission, the fitment factor of the employees (fitment factor in 8th CPC) can be increased from 2.6 to 2.86.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.