Hi Jai,
Please find the below format; hope it may be of some use!
Letter of Performance (Promotion)
October 31, 2006
<Name>
<Company>
<Employee Number>
Dear _______,
Congratulations!
Based on your sustained performance over the years and our assessment of your readiness to take up higher responsibilities, we are pleased to promote you as _______________ and place you at level ________ within our company.
Accordingly, your compensation is revised effective from ______, and your CTC will now be ________, which will comprise of:
• Rs.________ as a fixed component of the pay plan, and
• Rs. _______ as a variable component of the pay plan linked to your performance.
You will also receive Rs. ______ as a one-time performance award based on this assessment and the company's performance.
We are confident that you will discharge your new responsibilities effectively and uphold our trust in you.
We take this opportunity to thank your family for supporting you in delivering your best from ____-____.
Best Regards,
<Name of the Business Leader>
<Designation>
<Company>