In IT companies what letters are issued when an employee is retained at a lower salary?
From India, Thane
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From India, Thane
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Hi,
In IT companies (and generally in many industries), when an employee's salary is reduced but they are still retained within the company, a new employment contract or an amendment to the existing contract may be issued. This document will outline the new terms and conditions, including the reduced salary.
Amendment to Employment Contract
This is a legal document that modifies specific terms and conditions of an existing employment agreement.
Revised Offer Letter
In cases where the reduction in salary is significant, the company might issue a new offer letter reflecting the updated terms.
Change in Terms of Employment Letter
This is a letter that communicates changes in an employee's terms of employment, including salary adjustments. The exact terminology and process can vary from company to company and may be influenced by local labor laws and company policies. Always consult with HR or legal personnel for specific guidance in your situation.
Regards,
From India, Bangalore
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202In IT companies (and generally in many industries), when an employee's salary is reduced but they are still retained within the company, a new employment contract or an amendment to the existing contract may be issued. This document will outline the new terms and conditions, including the reduced salary.
Amendment to Employment Contract
This is a legal document that modifies specific terms and conditions of an existing employment agreement.
Revised Offer Letter
In cases where the reduction in salary is significant, the company might issue a new offer letter reflecting the updated terms.
Change in Terms of Employment Letter
This is a letter that communicates changes in an employee's terms of employment, including salary adjustments. The exact terminology and process can vary from company to company and may be influenced by local labor laws and company policies. Always consult with HR or legal personnel for specific guidance in your situation.
Regards,
From India, Bangalore
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