Letter of Performance (Increment) - 1
October 1.1.12
<Name>
<Company>
<Employee Number>
Dear _______,
Congratulations! Your performance during the year was exemplary! You were rated as ______ by your manager. Accordingly, we have decided to revise your compensation upwards and increase your CTC by Rs. ___________ w.e.f. __________. A one-time performance award of Rs.________ is also being given to you.
Whilst appreciating your dedication and performance, we look forward to your sustained performance in the year ahead and wish you a bright career with our company.
Best Regards,
<Name of the Business Leader>
<Designation>
<Company>
Letter of Performance (Increment) – 2
October 1.1.12
<Name>
<Company>
<Employee Number>
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 market corrections 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. This necessarily 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,
<Name of the Business Leader>
<Designation>
<Company>
Letter of Promotion
October 1.1.12
<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 in the level ________ of our company.
Accordingly, your compensation is revised w.e.f. ______ 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 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.
We are confident that you will discharge your new responsibilities effectively and redeem our trust in you.
We take this opportunity to thank your family for having supported you to deliver your best in ____-____.
Best Regards,
<Name of the Business Leader>
I hope it helps you, ma'am.