NEW DELHI: It seems that the media industry is on the fast track to recovery as companies have started rolling back pay cuts, passing on the arrears and some have even promised to kickstart appraisal process for employees.

In the latest development, NDTV has announced that it has ended all pay cuts for staff. After a careful review of its business, the company has decided that effective 1 October 2020, salary cuts will end for those employees who were impacted by a 20-40 per cent cut. It mentioned that all pay cuts stand reversed, effective 1 October and arrears for the month of October will be paid before Diwali.

These pay cuts were introduced on 1 April this year on account of the economic uncertainty caused by the Covid2019 pandemic. Salaries were slashed by 10-40 per cent on a graded scale based on different slabs. Employees earning Rs 50,000 per month or less were exempted from any pay cut.

NDTV expressed its gratitude to all its employees for their unwavering support and the senior staff for ensuring that junior colleagues were protected through the manner in which pay cuts were introduced and then removed.

In the last fortnight, several media organizations are making the effort to return to normal such as Network18, Indian Express, India Today Group and others. It will be interesting to see how this pans out in the days to come.