Do you know how much the salaries of trade staff employees will increase after the 8th Pay Commission? If not, we'll tell you today.
If you are in Trade Staff Level 3, your salary is likely to increase significantly after the 8th Pay Commission. The new salary under the 8th Pay Commission will be calculated using the fitment factor. So, let's find out how much the salaries of employees working in which Trade Staff positions will increase. Let's learn the details...
The reason for this increase is the fitment factor, which is multiplied by the salary to arrive at the new amount. Previously, the fitment factor in the 7th Pay Commission was 2.57. This means that the basic salary increased from ₹7,000 to ₹18,000. Now, it is expected that the fitment factor in the 8th Pay Commission will be 2.86. If implemented, the basic salary of Trade Staff Level 3 will increase even more significantly.
What will be the salary?
Currently, employees at this level receive ₹21,700 per month, but after the implementation of the 8th Pay Commission, this salary could increase to ₹62,062. Other benefits associated with this increase are also expected to improve, such as house rent allowance, transport allowance, and other government allowances.
Relief will be provided
According to reports, this change could bring financial relief to employees as well as improve their lifestyle. The government has expressed its appreciation for the hard work and time of employees through this increase. This new salary will not only benefit current employees but will also impact future promotions and other benefits. Employee organizations are also welcoming this change and consider it a major step in favor of employees.
Level 1 and 2 employees will also benefit.
The current basic salary of Level 1 employees is ₹18,000, which could be increased to approximately ₹51,480 according to the new Pay Commission. This means they will receive an additional benefit of approximately ₹33,480.
At the same time, the current salary of Level-2 employees is ₹19,900, which could increase to approximately ₹56,914 after the new reforms. With this increase, their salary is expected to increase by approximately ₹37,014.
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