The government of India may soon approve a hike in the fitment factor under the 7th Pay Commission. If this happens then lakhs of central government employees will get huge benefits.
According to several media sources, the government may shortly approve a hike in the fitment factor under the 7th Pay Commission. The unions representing central government employees have long called for an increase in the minimum wage from Rs. 18,000 to Rs. 26,000 and a fitting factor increase from 2.57 to 3.68. Employees of the central government will see a pay raise of Rs 8,000 if the government agrees to the demand to increase the minimum wage.
According to sources, the government employees' monthly salaries could rise by Rs 8,000. Employee pay at the moment is based on a fitment factor of 2.57 percent. However, if it is raised to 3.68 percent, the employee minimum salary will significantly increase.
According to reports, if the government authorizes the pay raise, the employees' salaries will climb sharply starting on September 1. The minimum wage may rise from Rs. 18000 to Rs. 26000 overall.
It should be mentioned that the fitment factor is used to increase wages for workers who are employed by the central government. Additionally, the fitment factor wage structure will increase by Rs 8,000 per month after it has been authorized.
For a very long time, employees have been requesting an increase in the fitting factor. The fitment factor should be increased from 2.57 percent to 3.68 percent, as both federal and state employees have long advocated. Consequently, their minimum wage increased from Rs. 18000 to Rs. 26000.
For instance, if someone's minimum wage is Rs. 18000, after deduction of allowances and applying the 2.57 percent fitment factor, they will receive Rs. 46,260. However, their pay would climb to Rs 95,680 if the fitment factor rose by 3.68 percent.
