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Monday, 20 June 2011

Sixth Pay Commission India: Salary Revision


The Indian and the Chinese economies have been booming and seeing unprecedented levels of growth. The Indian government realized that with the economic growth they need smart human resources at their disposal in order to support and sustain this level of progress.
6th-pay-commission
Also, when they took the rising prices of the commodities plus inflation they wanted the salaries of the government sector to be on par with that. Not to forget taking into consideration the rising levels of real estate. The salary that a government employee draws will never be able to afford him a house or if he takes a loan then his entire life will go in repaying it.
Taking all these concerns into consideration the sixth pay commission came into being. The sixth pay commission has revised the pay scales of several categories of employees such as:
(a) Central government employees in the industrial and non-industrial sectors
(b) Personnel belonging to the All India Services and the Armed Forces
(c) Personnel of the Union Territories
(d) Officers and employees of the Indian Audit and Accounts Department
(e) Officers and employees of the regulatory bodies set up under Acts of Parliament.
The flip side to the sixth pay commission is that it is going to cause a great burden not only on the government but the exchequer as well. But, it has been a real long time since the government employees salary was revamped and if we are to curtail the menace of corruption and the taking of bribes then this is a step ahead in the positive direction for certain.
With the pay commission comes the fixing of uniform pay scales for the staff of thegovernment sector. This uniform fixation of the scales will allow impartial evaluation, appraisals and grading of the staff. Slowly, the government will be able to bring about within its working the factor of meritocracy versus just the fact of tenure in the company.
The revised pay scales have been fixed taking several variables and parameters into consideration. These are the allowances, pension benefits that the person is entitled to. This has resulted in the carving out of the right fitment per job role. There is several pay bands that have been decided which in turn will go on to affect the grade pay that the person will be eligible for.
Hence, now with the new pay structure in place government employees are no longer considered to be the step children. They have salaries that have kept up with the eroding effect of the purchasing power of the rupee. They are also on par with the consumer price index and will be able to buy far more.
The latest is that the government must look into the revision of scales every five years based on the changing economic scenario.
The economy will see a certain thrust in the upward direction as the burgeoning middle class will have more spending power and earnings that get translated into sales.

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