Sub: Performance Appraisal Letter
Dear First Name,
We are hereby glad to inform you about your revised remuneration.
Your annual CTC has been revised to Rs. XXXXX/- (Rupees in words) i.e. Rs. XXXXX per month. Your new designation is (If Applicable) ------------------- at grade -------.
A detailed break up of your remuneration is attached. Revision is effective from date 07.
Post the upcoming annual increment (date 2007) you will be eligible for the next increment in the month of date 2007.
** Kindly note that the above mentioned CTC and monthly salary includes Rs. XXX/- as bonus which will be paid in the month of month **
Terms and Conditions:
The revised compensation package has been customized for you taking into consideration your performance, company policies and related factors.
Matter of your compensation is confidential information of the company. Any discussion or disclosure of your compensation with anybody other than your departmental head or HR will be considered as breach of agreement by you.
Your compensation package is unique to you and not for comparison with other employees of the company.
All the other terms and conditions remain unchanged.
**Please note that above structure is subject to change in lieu to change in company policy and income tax rules. All benefits are as per company policy, which are subject to change from time to time**
Wish you all the success!!
Ref: HR/0611-18 Date:05th April, 2006
Private & Confidential
Name : Prashanth K P
Employee Id : 007
Designation : Accounts Executive
Location : Bangalore
In the year 2005-06, Six DEE took several initiatives to stay at the forefront of technology and management practices. These included positioning Six DEE as a Global Product Company, expanding the geographical spread, developing stronger costumer intimacy, assimilating new technologies and strengthening internal systems and processes.
While the necessary initiatives are being taken to meet the demands of a competitive market, we are all aware of the current global market situation. The unpredictability associated with the prevailing business environment in the next few quarter calls for prudence in all our actions and necessitates taking strategic measures.
Recognizing your effort and performance, we are pleased to inform you that your gross salary has been revised to Rs. 375000/- (Rupees Three Lakhs and Seventy Five Thousand) per annum with effect from 1st day of April, 2006.
Your salary details are strictly private and confidential and details in this letter must not be disclosed and discussed to others. Please acknowledge your acceptance of the revised terms by signing a duplicate copy of this letter.
We take this opportunity to place on record our appreciation of your contribution during the past financial year. We look forward to your continued support in future.
Senior Manager- Human Resource
Hope this helps.
From India, Mumbai