HR News: 18 Nov, 2022

 1.

Pay hike of Rs 2,500 – 4,000 for Indian Railways staff

About 80,000 employees will benefit from this increment. There is good news for about 80,000 supervisory-level staff members of the Indian Railways. The Government has given the nod to the proposal to increase their salaries. That means, they now expect a minimum hike of Rs 2,500 and maximum of Rs 4,000 once the increment is implemented. Till now, people of this cadre were facing stagnation without any scope of promotion beyond Level-7. This hike will make them eligible for better pay grades. For about 16 years now, the employees have been demanding that their cadre be upgraded. The only way they could hope to be promoted was to be selected for any of the over 3,700 vacancies by clearing a group-B exam. Now, provisions have been put in place so that 50 per cent of those from Level 7 can be promoted to Level 8.

2.

SC asks IAF to consider 32 women officers for permanent pensionary benefits

The SC has, however, clarified that the retired women officers will only be considered for pension benefits and not salary arrears. The Supreme Court has directed the Centre and the India Air Force (IAF) to consider the plea of 32 retired women officers for grant of permanent commission (PC). The Supreme Court has directed the Centre and the India Air Force (IAF) to consider the plea of 32 retired women officers for grant of permanent commission (PC). The objective is to give them permanent pensionary benefits. The 32 women officers were recruited on short commission service (SSCO). The SC was of the opinion that since the 32 women officers had retired from their services between 2006 and 2009, it will not be a good idea to reinstate them on permanent commission. However, if they are found to be eligible for one-time pensionary benefit, they would be entitled for the same from the day they would have completed their 20 years of service if it would have continued.

 

3.

Infosys cuts back on variable pay; announces 65% performance pay

The variable pay was cut by 30% in the previous quarter. For the second time this year, Infosys has cut back variable pay. In the previous quarter, it had granted 70 per cent variable pay amidst pressure on operation margins. Variable pay, commonly referred to as performance-linked pay, is the amount paid to the employees by their employers for their contribution to the growth and success of the business. For this quarter, the Company has announced that it will pay 65 per cent performance pay to the eligible employees. This is much lower than the 70 per cent variable pay that had been given in the April-June quarter.