The eighth Pay Fee, which has been lately introduced by the centre, will revise the salaries of all central authorities staff.
eighth Pay Fee: Over one crore Central staff and pensioners are set to learn from the setting of the eighth Pay Fee. (Reuters)
Although the formation of the eighth pay fee’s particulars remains to be ongoing, the next is how the earlier seventh pay fee launched a brand new pay matrix.
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The seventh pay fee changed the sixth pay fee’s grade pay system with a rationalised pay matrix, permitting anybody to grasp all pay ranges utilizing only one easy chart.
The matrix helped staff to see their pay stage in addition to how their profession can more likely to progress over time.
There are two dimensions of the pay matrix:
It has a “horizontal range” by which every stage corresponds to a “functional role in the hierarchy.” A quantity is assigned to every stage, from 1 to 18.It then has a “vertical range” for every stage, which denotes the ‘pay progression’ inside that stage. That is principally the three % monetary development of every stage.
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In the meantime, the start line of the matrix displays the minimal pay primarily based on the Aykroyd formulation.
“The Commission observes that the purpose of pay is to compensate the employees for work done, to motivate them to perform well. The purposes also include attracting talent to government service and also retaining them, thus avoiding the need for expensive recruitment and training for replacement.
“The new pay structure has been devised in the form of a pay matrix to provide complete transparency regarding pay progression,” famous a report of the seventh CPC.
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It added that the pay matrix was “designed keeping in view the vast opportunities that have opened up outside government over the last three decades, generating greater competition for human resources and the need to attract and retain the best available talent in government services.”