Published On: Tue, Dec 8th, 2015

Pay commission: Govt employees’ delight, corporate employees’ despair

New Delhi: This should cheer central government employees and pensioners but corporate India employees are the despair of Seventh Pay Commission report.

Finance Minister Arun Jaitley

Finance Minister Arun Jaitley

With the Seventh Pay Commission headed by Justice A K Mathur recommendations of the new pay scales, the central government employees can expect a higher pay package from next year.

The central government employees will get a 16 per cent increase in in their basic salary and they will get a boost in House Rent Allowance (HRA), which takes the hike in this segment to more than 100 per cent.

The government will increase the House Rent Allowance from the date of implementation of the pay commission recommendations, not from January next year.

More than 70% of corporate India employees regret working in the private sector in view of the above pay increases recommended for central government employees by the Seventh Pay Commission, shows a survey of 700 private sector employees by Timesjobs.

All the respondents to the survey on the impact of pay commission felt there should be a minimum wage increase in the private sector as well although 77% thought the private sector scores higher in terms of opportunities or growth and change.

Highlights:

corporate India employees salaries

Inputs with ET

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