Notional pay fixation refers to the process of determining an employee's salary based on a hypothetical or assumed pay scale rather than their actual current salary. This is often used in situations such as promotions, transfers, or changes in job roles where the new pay structure is aligned with a specific salary grade or level. The notional pay serves as a basis for calculating increments or benefits, ensuring that employees are compensated fairly according to their new responsibilities or position.
what will be my pay after fixation on 1.1.2006 as per ugc scales, my old basic pay was 22,400 on 31.12.2005 in pay scale of 16400 - 22400?
my pay in 2006 was 18300 what will be my new pay fixation and arrears .iretired in 2008 with two increments written on my service book
Pay fixation is the process of determining an employee's salary in a new position or grade within an organization. It involves calculating the new pay based on predetermined rules, such as moving up to the next pay scale or incorporating any increments or bonuses. Pay fixation ensures that employees are compensated appropriately for their new roles or responsibilities.
Type your answer here... formula for fixation of pay on promotion under FR 22(a)(i)
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Here is a sentence with the word notional, "Most of the ideas the government has are notional and not practical." This means that they only exist in theory.
my pay was 6025 on 1.1.06.i have also received senior scale in 2002 so what is the fixation of my pay
what is Bunching
the fixation g.o's are already been provided ,just see the ready reconer avialable with the G.O. madan34@yahoo.in
fjv
please calulate my pension. what is your required
Notional amount is the amount which is calculated on the underlying asset for ex: s&p index offering contract @ 250 units trading with price of 1000, than its actual notional value is 250*1000 = 250,000. which is notional amount