ANTICIPATED  PAY  SCALES  AFTER  XTH BPS  BASED ON TRENDS  OF  EARLIER SETTLEMENTS  AND  MEEK  ATTITUDE OF  UNION LEADERS  

We have received a projection by one of the readers  V. Subramanian [ pannvalan@yahoo.co.in ] for the anticipated pay scales.   Of course in addition to these, there will be HRA and some other allowances.    AllBankingSolutions.com feel this is too conservative estimates for revision of pay scales and if unions agreed on such projected scales, there will be all round dis-satisfaction among the bankers specially the younger lot.  

The major constraints this time will be whether we should have a higher pay scales at the level of Scale I and II etc or Scale VI and VII should get more benefits.   With huge retirement in the offing, any major increase in Basic Pay will eat away a lot of hiked amount in the shape of higher pension and other retirement benefits.   Thus fight between young and old employees can take an ugly turn. 

Comments by Rajesh Goyal :

With the above base, we open this page for seeking your views as to how the gross salary be worked out  - whether there should be higher starting pay in pay scales at the lower end or these should start at a low level but then progressively increase at a sharper rate?   Whether there should be more stress on increase in basic pay or there should be greater stress on HRA  (like 30% in Central Governmnt) and other allowances?   Each of these strategies will have their own  pros and cons and will benefit certain section of the bankers more.   Thus, it will be a challenge for union leaders, IBA to reconcile the conflicting interests of different segments.   Lower pay at the starting will increase the attrition rate and will lead to dissatisfaction in young employees.   However, higher grades at the starting and then slow increase will push the middle and senior bankers to wall.     Higher increase in allowances like HRA will benefit workmen staff and only a small portion of the officers posted at their own place and residing in their own houses.   Officers posted outside their home town and staying in leased accommodation will not get handsome gains in take home salary.