Average salaries of people employed in public and private sectors went up by 11.7 per cent during mid-November 2012 to mid-December 2013, with employees of banks and financial institutions enjoying a pay hike of up to 50.6 per cent and those working in other private firms witnessing no change in their salary structure.
The latest National Salary and Wage Rate Index made public today by Nepal Rastra Bank shows salaries of white-collar workers shot up by 26.4 per cent in the one-year period (mid-November 2012 to mid-December 2013), with officer-level staff taking home 22.1 per cent more salary and non-officer level staff ending up with a pay hike of 28.7 per cent. These white-collar workers were given a pay hike after at least a year, as they were not given any raise a year ago, NRB report shows.
The biggest gainers among white-collar workers were staff of banks and financial institutions, who witnessed a salary hike of 47.7 per cent. Among these, officer-level staff at banking institutions saw 32.4 per cent rise in their salaries on average and non-officer level staff reported an average pay hike of 50.6 per cent, the NRB data show.
The biggest losers among private sector white-collar workers, however, were those working in private firms, as they were not given any raise in the one-year period till mid-December.
In the public sector, on the other hand, the biggest beneficiaries were those employed in army and police forces. Officer level staff in these forces reported average salary hike of 21.9 per cent during the one-year period till mid-December, while non-officer level employees saw their salaries increase by 35 per cent.
Similarly, those working for government bodies took home 31.3 per cent more salary during the period.
The pay hike witnessed by civil servants is the result of government’s mid-July decision to hike their monthly salaries by 18 per cent and increase monthly allowances by Rs 1,000. But even those working for 37 public corporations — of which 21 incurred losses in the last fiscal year — reported a salary hike of 27.6 per cent.
Meanwhile, among blue-collar workers, the biggest gainers were industrial labourers, who received a pay hike of 12.3 per cent. Among these workers, unskilled workers, surprisingly, were given a pay hike of 14.7 per cent, while highly skilled workers reported wage hike of only 8.7 per cent.
Similarly, wages of agriculture labourers went up by 7.3 per cent and construction labourers saw 5.1 per cent hike in the monthly pay package in the one-year period.
THE BIGGEST GAINERS
Employees of banks and financial institutions
> Officer-level staff saw 32.4 per cent rise in their salaries on average
> Non-officer level staff reported an average pay hike of 50.6 per cent
Employees of army and police forces
> Officer level staff reported average salary hike of 21.9 per cent
> Non-officer level employees saw their salaries increase by 35 per cent
Civil servants
> An 18 per cent salary hike and an increase in monthly allowances by Rs 1,000
> Even those working for 37 public corporations — of which 21 incurred losses in the last fiscal year — reported a salary hike of 27.6 per cent
Industrial labourers
> Received a pay hike of 12.3 per cent. Unskilled workers, surprisingly, got a pay hike of 14.7 per cent, while highly skilled workers getting 8.7 per cent raise
source: the himalayan times,13 jan 2014
LINK
The latest National Salary and Wage Rate Index made public today by Nepal Rastra Bank shows salaries of white-collar workers shot up by 26.4 per cent in the one-year period (mid-November 2012 to mid-December 2013), with officer-level staff taking home 22.1 per cent more salary and non-officer level staff ending up with a pay hike of 28.7 per cent. These white-collar workers were given a pay hike after at least a year, as they were not given any raise a year ago, NRB report shows.
The biggest gainers among white-collar workers were staff of banks and financial institutions, who witnessed a salary hike of 47.7 per cent. Among these, officer-level staff at banking institutions saw 32.4 per cent rise in their salaries on average and non-officer level staff reported an average pay hike of 50.6 per cent, the NRB data show.
The biggest losers among private sector white-collar workers, however, were those working in private firms, as they were not given any raise in the one-year period till mid-December.
In the public sector, on the other hand, the biggest beneficiaries were those employed in army and police forces. Officer level staff in these forces reported average salary hike of 21.9 per cent during the one-year period till mid-December, while non-officer level employees saw their salaries increase by 35 per cent.
Similarly, those working for government bodies took home 31.3 per cent more salary during the period.
The pay hike witnessed by civil servants is the result of government’s mid-July decision to hike their monthly salaries by 18 per cent and increase monthly allowances by Rs 1,000. But even those working for 37 public corporations — of which 21 incurred losses in the last fiscal year — reported a salary hike of 27.6 per cent.
Meanwhile, among blue-collar workers, the biggest gainers were industrial labourers, who received a pay hike of 12.3 per cent. Among these workers, unskilled workers, surprisingly, were given a pay hike of 14.7 per cent, while highly skilled workers reported wage hike of only 8.7 per cent.
Similarly, wages of agriculture labourers went up by 7.3 per cent and construction labourers saw 5.1 per cent hike in the monthly pay package in the one-year period.
THE BIGGEST GAINERS
Employees of banks and financial institutions
> Officer-level staff saw 32.4 per cent rise in their salaries on average
> Non-officer level staff reported an average pay hike of 50.6 per cent
Employees of army and police forces
> Officer level staff reported average salary hike of 21.9 per cent
> Non-officer level employees saw their salaries increase by 35 per cent
Civil servants
> An 18 per cent salary hike and an increase in monthly allowances by Rs 1,000
> Even those working for 37 public corporations — of which 21 incurred losses in the last fiscal year — reported a salary hike of 27.6 per cent
Industrial labourers
> Received a pay hike of 12.3 per cent. Unskilled workers, surprisingly, got a pay hike of 14.7 per cent, while highly skilled workers getting 8.7 per cent raise
source: the himalayan times,13 jan 2014
LINK
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