Since the 7th Pay Commission proposed a 23.55% salary hike for central government employees, it seems private sector employees are at unease.As per a survey conducted by TimesJobs.com, over 70% employees expressed regret working in the private sector after the proposal.
This survey, which covered over 700 professionals working in the private sector from across the country, who earn their increments based on their individual performance and contributions to the business, revealed that 68% respondents felt that Pay Commission’s proposal was unfair.
Meanwhile, 47% respondents said there was no link to employee performance while 30% feel the massive hike will eventually widen the public and private sector income disparity.
Another 23% respondents felt that since the private sector is a bigger employment generator, granting such a hike to central employees is unfair to them, revealed the survey.
"This considerable hike is going to put a lot more discretionary income in the hands of central government employees and will definitely lead to increased spending. But the discontent caused in the private sector by this performance-indiscriminate hike to central government employees is palpable. And India Inc. employers are having to face the brunt of this dissatisfaction with lowered motivation and performance levels,” said Vivek Madhukar, COO, TimesJobs.com.
Around 90% respondents were from manufacturing, automobile and retail sectors. Nearly 75% middle and senior-level employees also shared similar sentiments.
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