Wednesday, February 03, 2010

With gratitude to our kind and generous staff

For those of you following our budget shortfalls last year, the sacrifices people made to save the jobs of their fellow workers, and the updates over the last few months, here is the final chapter, an email sent on this past Monday:

As promised, I am getting back to you with our financial results through January, and the plans with regard to restoration of raises. The short story is that we are meeting our budget plans, and so I feel comfortable committing to you that we will restore raises soon. The easiest and fairest way to do this is to start effective April 1, since that is the date we stopped giving raises last year.
I want to thank all of you for the sacrifices you have made in support of your fellow workers. We were able to avoid hundreds of layoffs last year because everyone stepped up to the plate and helped out. This is a marvelous reflection on people working here and the sense of community we share.
Lisa Zankman, our SVP for Human Resources, will publish an email with the details in the next few days. Stay tuned.


StorytellERdoc said...

I hope that the raises come and come on time! People need to feel appreciated and, of course, a raise is the best way for that. Nice post.

Anonymous said...

To avoid the layoffs staff gave up vacation time, matching contributions to 401k plans and raises. The reinstatement of raises is "the final chapter"? Does this mean that there is no plan at any point to reevaluate the other 2 things that were given up?

Anonymous said...

And what about the staff that were laid off?

Anonymous said...

Anon 1:13,

As you can read in the earlier memos, those will be restored when we are confident we can afford them. People know that.

Anon 5:58,

Yes, a few people were laid off. We were sorry to have to do that.