The fitment factor is considered a major parameter for fixing the minimum salary of central employees. Due to this factor, the salary of central employees increases by more than two and a half times.
Central Employee salary Hike 2023: New Year is going to start in a few days and with this the process of gifts can also start. There is news that in addition to dearness allowance, in 2023, central employees can get the gift of fitment factor. Before the budget session, the Modi government may consider increasing the basic salary of the employees. If this happens, there will be a direct jump in the salary of the employees from 49000 to 96000. However, no official confirmation or statement has come out regarding when it will be announced.
Actually, at present the fitment factor of the employees under the 7th Pay Commission is 2.57 times and the basic salary is 18000. For a long time the employees of the center have been demanding to increase the fitment factor so that the basic salary can be increased. There is a possibility that once again in 2023 the Fitment Factor can be revised. In view of the 2024 elections, the Modi government may announce an increase in the fitment factor after the Union Budget. It can be increased to 3.00 or 3.68 percent.
Whose salary will increase by how much?
According to media reports, if the fitment factor is increased in 2023, then the fitment factor of the employees under the 7th Pay Commission can be 2.57 to 3.00 or 3.68 percent, due to which the basic salary will increase from 18000 to 21000 or 26000. For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260. At 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. Rs 49,420 profit will be available in salary. With 3 times the fitment factor, the salary will be Rs 21000 X 3 = Rs 63,000.
3 Big reasons for demand
- The fitment factor is considered a major parameter for fixing the minimum salary of central employees. Due to this factor, the salary of central employees increases by more than two and a half times.
- The Pay matrix prepared in the 7th Pay Commission is based on the Fitment factor, therefore the Fitment factor is considered to play an important role in the salary received by the employees.
- In addition to the allowances of the employee, it is decided on the basis of their basic salary and fitment factor.