Free Increment Letter Templates 2019

Free Increment Letter Templates 2019

Normal Increment Letter 

<<Date>>

<<Employee Name>>

<<Employee Code>>

<<Eployee Designation>>

<<Employee Location>>

 Subject: Letter of Salary Revision

Congratulations!

It gives us immense pleasure to recognize your hard work and achievements while serving with <<Company Name>>.

We have made an attempt to benchmark <<Company Name>> Salary package with best in the industry, accordingly, your annual CTC has been raised to Rs. Amount (Amount in words ) with effect from <<date>>.

All other terms & conditions of your employment remain unchanged.

We at <<Company Name>> expect that you will continue to put in your best efforts towards the performance of your duties in future as well.

Please sign the enclosed copy of this letter as acceptance of the above and return the same for our records.

Wishing you a promising career with <<Company Name>>.

Best Regards,

 

<<Authorised Signatory Name>>

<<Authorised Signatory Designation>>

 Note: This communication is strictly confidential and you are expected to not to share details of your salary to anyone. We solicit your co-operation in maintaining confidentiality.

 


Simple Increment Letter 

<<Date>>

<<Employee Name>>

<<Employee Code>>

<<Eployee Designation>>

<<Employee Location>>

 Subject: Letter of Salary Revision

Dear _______ ,

In recognition of your performance, the Management is pleased to reward you with an increase of Rs. Amount (Amount in words ) with effect from <<date>>

Your revised compensation is as per the attached Annexure.

As you are aware, your remuneration is strictly confidential and should remain a private matter between yourself and <<Company Name>>.

All other terms and conditions of your appointment remain unchanged.

We look forward to your continued contribution in the years ahead and wish you a successful career with us.

Best Regards,

 

<<Authorised Signatory Name>>

<<Authorised Signatory Designation>>

 


Increment Letter with Variable Pay and Performance Reward

<<Date>>

<<Employee Name>>

<<Employee Code>>

<<Eployee Designation>>

<<Employee Location>>

 Subject: Letter of Salary Revision

Dear _______ ,

We take this opportunity to thank you for your valuable contributions to our business performance during the year ____-____.

While fixing your new CTC, we have considered your performance in the role whilst also making the market correction that may be required based on our review of compensation in comparable companies.

Your revised CTC for ____-____ effective _______ is Rs. ________/- which comprises of:

• Rs.________ as a fixed component of the pay plan , and
• Rs. _______ as a variable component of the pay plan which is linked to your performance.

You will also be paid Rs. ______ as a one-time performance award on the basis of this assessment and that of the company performance.

The year ahead is going to pose several challenges and will demand exceptional performance from all of us to sustain our leadership contributions. We are confident that you will rise to this challenge and pool in your energies, competencies, and commitment to achieve further heights.

We take this opportunity to thank your family for having supported you to deliver your best in ____-____.

Best Regards,

 

<<Authorised Signatory Name>>

<<Authorised Signatory Designation>>

 Note: This communication is strictly confidential and you are expected to not to share details of your salary to anyone. We solicit your co-operation in maintaining confidentiality.

 


Increment Letter Template with Salary Correction 

Strictly Confidential

 

<<Date>>

<<Employee Name>>

<<Employee Code>>

<<Eployee Designation>>

<<Employee Location>>

 Subject: Letter of Salary Revision

 Dear  <<First Name>>,

Keeping in line with our compensation philosophy to provide market competitiveness, performance focus, and helping in creating a high-performance culture and a more engaged and committed workforce; the Management is pleased to reward you with an increase of Rs. Amount (Amount In Words) per annum on-time time salary correction of Rs. Amount (Amount In Words) per annum on your last gross salary. Consequently, your CTC is revised to Rs. Amount (Amount In Words) per annum (subject to deduction of applicable taxes) with effect from <<Date>>.

You have demonstrated professionalism, team spirit, and hard work and we hope that you will continue to bring the same spirit and energy to your work. We offer our heartiest congratulations on your salary revision.

A detailed annexure of your revised compensation is attached herewith. All other prevailing terms and conditions of your employment remain unchanged.

Wish you all the best.

Best Regards,

 

<<Authorised Signatory Name>>

<<Authorised Signatory Designation>>

 Note: This communication is strictly confidential and you are expected to not to share details of your salary to anyone. We solicit your co-operation in maintaining confidentiality.


 

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