Recompute 7th CPC Minimum Pay & Multiplication Factor - Anomaly in computation of Minimum Wage: Agenda Item for NAC Meeting Item No 1 Anomaly in computation of Minimum Wage In Para 1.29 of Chapter 1 of the 7th CPC report, the larned Chairman of the Commission Justice Shri AK Mathur has approvingly quoted the following observation their Lordship in the Supreme Court … [Read more...] about Recompute 7th CPC Minimum Pay & Multiplication Factor – Anomaly in computation of Minimum Wage: Agenda Item for NAC Meeting
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7th CPC Multiplication Factor
7th CPC Cabinet Decision – Frequently Asked Question
7th CPC Cabinet Decision – Frequently Asked Question 1. What is the Fitment Factor used in Pay Matrix? A fitment factor of 2.57 will be applied across all Levels in the Pay Matrices. 2. Did Cabinet approve for the employees request of changing minimum wages? No, the 7th CPC recommendation will be implemented (Rs.18000/-) 3. What would be the current House … [Read more...] about 7th CPC Cabinet Decision – Frequently Asked Question
Media reports on 7th CPC are totally wrong and not true – Karnataka COC
Media reports on 7th CPC are totally wrong and not true – Karnataka COCPrepare for struggle on 7th CPC issues. Comrades, The Staff side had demand of minimum wage of Rs 26000/- & fitment formula of 3.71. Against this the 7th CPC had recommended minimum wage of Rs 18000/- & fitment formula of 2.57. The 7th CPC recommendations has provided only at 14% wage hike at … [Read more...] about Media reports on 7th CPC are totally wrong and not true – Karnataka COC
7th CPC Pay Fixation with examples
7th CPC Pay Fixation with examples Pay Fixation in the New Pay Structure : The fitment of each employee in the new pay matrix is proposed to be done by multiplying his/her basic pay on the date of implementation by a factor of 2.57. The figure so arrived at is to be located in the new pay matrix, in the level that corresponds to the employee’s grade pay on the date of … [Read more...] about 7th CPC Pay Fixation with examples
Multiplication Factor / Fitment Formula recommended by 7th Pay Commission
Multiplication Factor / Fitment Formula recommended by 7th Pay Commission 7th CPC recommended the Multiplication Factor proposed is 2.57 Fitment : The starting point for the first level of the matrix has been set at Rs. 18,000. This corresponds to the starting pay of Rs.7,000, which is the beginning of PB-1 viz., Rs.5,200 + GP 1800, which prevailed on 01.01.2006, the … [Read more...] about Multiplication Factor / Fitment Formula recommended by 7th Pay Commission
A Crucial Indicator for determining the Basic Pay of 7th Pay Commission- Multiplication Factor
A Crucial Indicator for determining the Basic Pay of 7th Pay Commission- Multiplication Factor It is well known that Multiplication Factor 1.86 was being used by the 6th Pay Commission to calculate the new revised basic pay. The 6th Pay Commission had initially suggested 1.74, but it was later modified to 1.86. The Multiplication Factor was arrived at by adding dearness … [Read more...] about A Crucial Indicator for determining the Basic Pay of 7th Pay Commission- Multiplication Factor
7th Pay Commission Recommendations has begun to emerge!
7th Pay Commission Recommendations has begun to emerge! “It doesn’t come as a surprise that even bits and morsels of information about the recommendations, which is being eagerly expected by nearly 50 lakh employees and pensioners, make headlines.” The recommendations of the 7th Pay Commission have slowly started to make their way to the media in the form of unconfirmed news. … [Read more...] about 7th Pay Commission Recommendations has begun to emerge!
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. He hinted in this article that most of the pay commissions have accpeted 70% of the staff side demand. Especially NC JCM Staff … [Read more...] about 7th Pay Commission Fitment Formula and Minimum Wage Calculations – Karnataka COC
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