8th Pay Commission: If you are also waiting for the formation of 8th Pay Commission, then todays article is made for you. 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 salary increases will be for employees working in which Trade Staff positions. Let’s find out 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, meaning the basic salary increased from Rs 7,000 to Rs 18,000. Now, it’s expected that the fitment factor in the 8th Pay Commission could be 2.86. If implemented, the basic salary of Trade Staff Level 3 will see an even larger increase.
How much will the salary be?
Currently, employees at this level receive Rs 21,700 per month, but after the implementation of the 8th Pay Commission, this salary could rise to Rs 62,062. Other benefits associated with this increase are also likely 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 and improve their lifestyle. The government has expressed its appreciation for employees’ hard work and time 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, considering it a major step in employee rights.
Level-1 and 2 employees also have fun
The current basic salary of Level 1 employees is Rs 18,000, which could be increased to approximately Rs 51,480 according to the new Pay Commission. This means they will receive an additional benefit of approximately Rs 33,480. Meanwhile, the current salary of Level-2 employees is Rs 19,900, which could increase to approximately Rs 56,914 after the new reforms. With this increase, their salary is expected to increase by approximately Rs 37,014.