HT Memo Confuses More Than It Clarifies; ‘No Salary Changes Will Be Made At This Point In Time’

imageWith news organizations such as TOI, DNA, NDTV and NewsX taking tough measures to counter the slowdown, including cutting salaries and staff, all eyes are on HT Media Ltd, India’s second largest english language publisher after Bennett, Coleman & Co Ltd. HT Media publishes Hindustan Times, Mint and Hndustan.

In a memo to staffers on Monday, executive director (HR and operations) Sharad Saxena wrote “No salary changes will be made at this point in time”. Unfortunately, the memo is replete with corporatespeak and reads more like an internal communication for HR professionals. At least three employees of HT Media we spoke with, said they didn’t know what to make of the memo, the full text of which, is below the fold. (Disclosure: I was employed by HT Media’s Mint newspaper till January.)

There are hints, however, that there won’t be salary cuts. “We at HTML should take pride in the fact that we continue to do well in these tough time, in fact if all goes well the next few years could see us actually delivering our best ever performance. Our outlook on employees is therefore very different from other organisations who see no option but to cut remuneration to survive these trying times.”

Saxena and CEO Rajiv Verma could not be reached for comment.

Subject: Performance Appraisals & Objective Setting
From: “People Communication”
Date: Mon, April 6, 2009 5:42 pm

Dear Colleagues,

March/April is time for reviewing employees

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