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 as follows: “The committee set up to look into the matter of minimum wage and … Read more
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 indication was however given as to the consequential revision of the Fitment Formula and … Read more
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 published by the Government of India shall come … Read more
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. He hinted in this article that most of the pay commissions have accepted 70% of the staff … 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“ “The Sixth Central Pay Commission has recommended a minimum wage of Rs 6600/- per month against the demand of Rs 10,000/- per month as worked out … Read more
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 implementation of the Commission?s recommendation comparatively received lesser benefit than the new entrants. … Read more