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Hi, could any one pass me a Pay hike letter template, need it very urgently. Thanks in Advance Roopa
From India, Bangalore
Dear Roopa,
The template can be as follows:
Dear Employee,
We are glad to inform you that your CTC/salary is being revised to __________________. The break up of the same is as follows:
Basic:
Conveyance:
Flexi Benefit Plan:
PF Contrbution:
The other terms and conditions of the appointment remains the same.
Looking forward for a greater performance.
Regards,
Sd/-


Hey Ananth,
thanks you so much for the details. I was looking for a slightly more descriptive one which talks about aligning employee performance to company goals etc which would kind of motivate the employee along with giving details of the comp change.
Rgds
Roopa

From India, Bangalore
Dear Roopa,

The detailed template can be:

Dear Employee,

We take this opportunity to thank you for your contribution towards(Name of the company)_________________performance in (Year)_______. Your efforts towards helping the company achive its strategic goals are appreciated.

Your performance for the year _______ has __________ and has been evaluated as ___(Rating). Consequently, your annural compensation has been enhanced as shown below wef ________.

Components:

Fixed Cash Component(A)

Basic:

Flexible Benefit Pan(FBP)

Provident Fund(PF)

Cost to Company

VariableCash Component(B)

Performance Bonus

Retirals(C)

Gratuity

Other Allowances(D)

Total Yearly Compensation (A+B+C+D)

Benefits:

Group Term Life Insurance

Group Personal Accident Insurance

Group Mediclaim Insurance

We look forward to your continued contribution that would enable us to work together as a team and scale grater heights in the coming years.

We wish you all th best for your future endeavours and contributions to our organization.


Hi Ananth,

thanks for the inputs.

I came up with something myself... here it is

April 24th 2007

To,

Mr. .............

designation

Dear XXX,

In continuation to the performance assessment that was carried out recently for the financial year 2006 – 2007 we are glad to inform you that your compensation stands revised with effect from 1st April, 2007.

The revised CTC in Rs. ........./- per annum

(Rupees ..............................per annum only)

All other terms & conditions of your employment remain unaltered.

The management while taking this opportunity to appreciate your work would also like to accentuate the fact that your contribution is significant in making the organisation a success.

Your compensation is a result of your objective assessment; the contribution made by you towards the growth of the organisation & is also market prevailing & hence is unique. The salary details are strictly private and confidential and details in this letter must not be disclosed or discussed with others.

AAA is committed towards developing technical excellence in all its projects delivered & is also focused on all round development of its employees by providing the industry HR best practices.

We look forward to your continued support and enthusiastic involvement in the current & forth coming projects & in-turn help AAA sore to new heights.

We wish you continued success in all your endeavors!

Best Regards

.................

Manager – Human Resources

RMI/HRD/SAL/001/2007-08

Employee Code: AAA / 028

From India, Bangalore
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