Friday, August 16, 2013

A comparative report of Central Government Employees and Bank Employees salary…

A popular website of www.allbankingsolutions.com is published an article about a comparison of getting salary between Central Government Employees and Bank Staff…

We are publishing below some comparative charts on the eve of forthcoming negotiations between UFBU and IBA which are reported to be held on 12th August, 2013.   Union leaders are shy to discuss such charts as these tables expose the capabilities of such leaders to get an honourable settlement for the bankers.   These charts have not been prepared by me but are sent to us by one of readers (V Subramanian) who has time and again taken keen interest in putting the truthful facts before the bankers.   We give below two charts for perusal by bankers and for drawing their own conclusions :-
MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF (OTHER THANOFFICERS) AS ON 01-08-2013 – A COMPARISON


Various Components ofMonthly PayCentral Govt. Staff (in Pay Band –1)Sub-staff in BanksCentral Govt. Staff (in Pay Band – 2)Clerical staff in Banks
Basic Pay4,8605,8508,7007,200
Grade Pay1,800N I L4,200N I L
Special Pay (at the minimum for bank staff)N I L340N I L500
Total6,6606,19012,9007,700
Dearness Allowance5,994 (@90%)5,506 (@88.95%)11,6106,849
H.R.A.1,998 (@30%)619 (@10%)3,870770
C.C.A.N I LN I LN I LN I L
Education Allowance(maximum for 2 children)2,5005002,500500
Transport Allowance1,140 (600+90% DA)2253,040 (1,600+90% DA)225
Staff Welfare/ProvisionsN I L500N I L500
NewspaperN I L100N I L100
Gross Monthly salary18,29213,64033,92016,644

MONTHLY SALARY OF CENTRAL GOVERNMENT STAFF AND BANK STAFF (OTHER THANOFFICERS) AS ON 01-08-2013 – A COMPARISON

Various Components
of Monthly Pay
Central GovernmentOfficers (in Pay Band – 3 –
Stage I)
BankOfficers
in JMGS I
Central GovernmentOfficers (in Pay Band – 3 –
Stage II)
BankOfficers
in MMGS II
Central GovernmentOfficers (in Pay Band – 3 –
Stage III)
BankOfficers
in MMGS III
Basic Pay15,60014,50018,93019,40021,90025,700
Grade Pay5,400N I L6,600N I L7,600N I L
Total of Basic + Grade Pay21,00014,50025,53019,40029,50025,700
DearnessAllowance18,900
(@90%)
12,898
(@88.95%)
22,97717,25626,55022,860
H.R.A.6,300
(@30%)
1,233
(@8.5%)
7,6591,6498,8502,185
C.C.A.
(Maximum@4% for bank officers)
N I L540N I L540N I L540
EducationAllowance(maximum for 2 children)2,500N I L2,5006002,5001,000
TransportAllowance /MonthlyConveyance6,080
(3,200+90% DA)
2,200
(30 litres of petrol)
6,080
(3,200+90% DA)
3,000
(40 litres of petrol)
6,080
(3,200+90% DA)
3,750
(50 litres of petrol)
Staff WelfareN I L500N I L500N I L500
Staff Entertainment Expenses(prorata)N I L300N I L400N I L500
Gross Monthlysalary54,78032,17164,74643,34573,48057,035

Note:
1.   As regards Education Allowance, Staff Welfare/Maintenance Expenses and Newspaper subscription paid to bank staff, the average prevailing at the industry level has been taken into account, to have a fair and reasonable comparison.

2.   In some banks, cost of 15 litres of petrol is reimbursed as ‘Conveyance Allowance’ to award staff, besides the above.  At the present prices, this will be Rs.1,100 extra.
3.   If we compare the limited working hours a day and 5 day week for the central government staff,bank staff  need to be paid additional amount of compensation for the extra hours worked (15% more than the central government staff).
4.   The volume and varieties of work handled by a bank staff are beyond comparison.
5.   If someone moots the topic of concessional loans for bank staff, ask them to consider these points so far as the bank employees are concerned:
(a)  There is no tax liability on the perquisites paid to the government staff.
(b) Number of transfers of a government staff is far less compared to his counterpart in a bank.
(c)  If the amount of risks and responsibilities is any criterion, the bank employees (other thanofficers) must be paid not less than 150% of the salaries paid to the central government staff.
(d) Central government staff enjoy stagnation-free running scale, throughout their career.
(e)  Whenever the pay scales of central government staff are revised, their pension also undergoes automatic revision, for all types of pensioners.

6.     If we look at the statistics given above, clerical staff working in banks are the worst affected.
7.     In fact, a clerk in Central Government service earns a monthly salary of Rs.33,920, whereas themonthly salary of JMGS I officers in a bank is Rs.32,471 (both at the beginning of the scale).  This is the mother of all injustice.
Source: www.allbankingsolutions.com
[http://www.allbankingsolutions.com/Wage-Revision/Xth-Bipartite-Settlement/Comparative-Salaries-in-GoI.htm]

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