Recommendation Letter From Human Resources For A Market/equity Adjustment

Hi,
I need to write a recommendation letter to management to raise an employee's salary based on market equity. As the said employee got a job offer much higher than his existing package. And we need to retain him.
Thanks.
Urooj

Please find below the draft you can amend as per your need
Dear Sir/Madam
This is to bring to your kind notice that Mr.________________ is working with our Company as ______________ since last ______ years and his/her current Gross Salary is Rs. ____________(Rupees ___________) wherein looking to the current market scenario the salary of such designated employees are Rs. _____________(Rupees____________) and Mr. ____________ is getting offers from our competitive as well as from other companies too. We personally feel that Mr.______ is an asset to the company and has to be retained for future betterment of the company. We therefore strongly recommend the management to kindly hike his/her salary to Rs. _________(Rupees______________)
We hope that you will certainly do the needful to retain such prospective employee.
Best Regards
You can wait for other forum members and seniors to give their view/draft