Pay bonanza for Aaj Tak staffers<br>Management's attempt to counter poaching
Aaj Tak, that has been the worst victim of poaching in the recent months has given 'handsome rewards' to its staffers presumably to checkmate the designs of its rival channels.
The rewards in the form of hefty salary hikes, promotions and retention pay have come as a windfall for Aaj Tak's editorial staff. The salary hike is effective from April 2004 while the 'retention pay' will be payable annually upon the close of the financial year on March 31, 2005.
But if any staffer leaves the organisation, the management has a right to forfeit the retention pay. According to reliable sources in Aaj Tak, the salary hikes range from 50-100 percent.
Aaj Tak staffers were informed of this bonanza through a signed letterby channel's News Director, Q.W. Naqvi. The letter lauds the performance of the channel staffers and seeks their cooperation to maintain leadership position it in view of the challenges encountered by it in the face of stiff competition.
Naqvi confirmed to exchange4media that he had written a letter announcing salary hikes and retention pay but refused to spell out the quantum of salary hike and retention pay. He in fact underplayed the whole issue saying, "The revised remuneration offered to Aaj Tak staffers are normal increments as part of our annual appraisal of staffer's performance".
exchange4media made several attempts to contact Aaj Tak CEO G.Krishnan to get the 'bigger picture' of Aaj Tak's dole to its employees but he was not available for comment.
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