8th Pay-Commission,In order to assess wage and pension increases for central government employees, the highly anticipated 8th Pay Commission is predicted to follow the same methodology as its predecessor, the 7th Pay Commission, by applying the Aykroyd formula. This strategy guarantees that wages reflect the cost of living and the state of the economy. 8th Pay-Commission Understanding the Aykroyd Formula To 8th pay-Commission determine a minimum cost of living, the Aykroyd formula—named for the famous nutritionist Dr. Wallace Aykroyd—was created. It highlights…
Read MoreGood news: The 8th Pay Commission is likely to follow the Aykroyd formula for salary and pension increases!
