How to write mail to staff infrom about no salary increments for this year due to covid 19 company not in profits. Please kindly do the needful
From India, Hyderabad
Acknowledge(0)
Amend(0)
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear All,
Subject: Tough Times - Tough Actions - The Covid-19 Aftereffect and Measures Thereof
These are tough times for the world in general and India in particular. The Covid-19 pandemic that forced our country into a lockdown has been very challenging for the people, including each one of our valued employees. It has also been extremely tough on the company, with a sharp decline in sales, disruption in production, and the resulting tight financial position for the company.
The management has reviewed the situation and has decided that, in the long-term interest of the business, some key measures are to be taken. The decisions have factored in the reality that, despite having a very committed and efficient workforce, the business will take a long time to recover and return to its pre-Covid-19 turnover and profitability.
The management has therefore made the following decisions:
1. The company shall not retrench any employees, as we value each one of them as the most important resource of the company.
2. This year, the company shall not declare any increments across the board. The management hopes this will not only help us retain the workforce but also assist in streamlining its tight financial position.
We are sure that you will understand that this decision was not an easy one. You will also appreciate that under the circumstances, this is in the overall interest of the company and all the stakeholders. With your support and cooperation, the company is looking forward to putting the Covid-19 situation behind us, reviving the business, and hopefully making a faster recovery than most others.
Thank you for your understanding and support.
From India, Mumbai
Acknowledge(0)Amend(0)
498Subject: Tough Times - Tough Actions - The Covid-19 Aftereffect and Measures Thereof
These are tough times for the world in general and India in particular. The Covid-19 pandemic that forced our country into a lockdown has been very challenging for the people, including each one of our valued employees. It has also been extremely tough on the company, with a sharp decline in sales, disruption in production, and the resulting tight financial position for the company.
The management has reviewed the situation and has decided that, in the long-term interest of the business, some key measures are to be taken. The decisions have factored in the reality that, despite having a very committed and efficient workforce, the business will take a long time to recover and return to its pre-Covid-19 turnover and profitability.
The management has therefore made the following decisions:
1. The company shall not retrench any employees, as we value each one of them as the most important resource of the company.
2. This year, the company shall not declare any increments across the board. The management hopes this will not only help us retain the workforce but also assist in streamlining its tight financial position.
We are sure that you will understand that this decision was not an easy one. You will also appreciate that under the circumstances, this is in the overall interest of the company and all the stakeholders. With your support and cooperation, the company is looking forward to putting the Covid-19 situation behind us, reviving the business, and hopefully making a faster recovery than most others.
Thank you for your understanding and support.
From India, Mumbai
Acknowledge(0)Amend(0)
Please tell us whether you disbursed past salaries without any cuts during the lockdown. Were there any downsizing measures or additional/extended working hours implemented to meet the targets set during the lockdown period? Also, did any work-from-home situations arise?
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)
Thank you.
From India, Bangalore
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
N Covid 19 Corona Virus Dos & Don'ts - .docx
Some important Employment and labour law notifications during Covid 19 lockdown - consolidated b.jpg
Detailed intuction ESIC COVID-19 Relief Scheme.pdf