Hi, I am looking for a letter draft regarding cost-cutting, where a partial amount of employees' fixed salary is shifted to variable pay due to the company's unsustainable profit. The variable pay will be reimbursed to the employees once the company grows its revenues from the projects driven.
From India, Delhi
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2From India, Delhi
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You can classify their salary as about 70% fixed payment and the remaining 30% as flexible or variable. However, you must specify the time frame for when your company's crisis is expected to be resolved, as well as your proposed method of payment for the 30% variable component and the number of installments you intend to make.
Therefore, it is important that you engage in discussions with your management to establish a payment schedule and commence your work accordingly.
Thank you.
From India, Bangalore
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Therefore, it is important that you engage in discussions with your management to establish a payment schedule and commence your work accordingly.
Thank you.
From India, Bangalore
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Thank you for your prompt reply. I have already followed the procedure that you advised, but I am looking for a good draft of the letter that I need to issue to employees by individual letter for communicating the reduction of their salary. Please advise.
Regards,
From India, Delhi
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Regards,
From India, Delhi
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Cost Cutting Chair.jpg
Cost Cutting.pdf
Cost Cutting at Offices.doc