REVISION OF MINIMUM PAY, FITMENT FORMULA - HIGH LEVEL COMMITTEE NOT YET CONSTITUTED: While deferring the indefinite strike from 11th July 2016, as per the assurance given by the Group of Ministers, the NJCA in its statement dated 06-07-2016, stated … [Read more...]
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Empowered Committee recommend a slight increase in the Minimum Wage and No revision in Fitment and Pay Matrix – Confederation News
Empowered Committee recommend a slight increase in the Minimum Wage and No revision in Fitment and Pay Matrix - Confederation News "Empowered Committee has made up their mind to recommend to the Government a slight increase in the Minimum Wage. No … [Read more...]
7th Pay Commission Minimum Pay 21000 and Fitment Formula from 2.86 to 3.15
7th CPC Minimum Pay 21000 and Fitment Formula from 2.86 to 3.15 "There is a possibility of 7th CPC to submit its report on 20th November 2015 or 23rd November 2015 , but the report will not be to your expectations, The minimum wage taking into prices … [Read more...]
7th Pay Commission Fitment Formula and Minimum Wage Calculations – Karnataka COC
7th Pay Commission Fitment Formula and Minimum Wage Calculations – Karnataka COC Shri.P.S.Prasad General Secretary of COC Karnataka expressed his views about the calculation of fitment formula and computation of minimum wage of 7th CPC on its blog. … [Read more...]
Depending on the weightage fitment formula may range from 2.72 times to 3.72 in 7th Pay Commission
Depending on the weightage fitment formula may range from 2.72 times to 3.72 in 7th Pay Commission "Depending on the weightage fitment formula may range from 2.72 times to 3.72" "The Sixth Central Pay Commission has recommended a minimum wage of Rs … [Read more...]
7th Pay Commission Fitment Formula – NC JCM Staff Side Suggestion
7th Pay Commission Fitment Formula – NC JCM Staff Side Suggestion Fitment Formula The fitment formula suggested by all the earlier Pay Commissions was not reflective of the actual revision of wages. The employees who were on rolls on the date of … [Read more...]