Letter of Promotion
Based on your continuous performance over the years and our assessment of your readiness to take up higher responsibilities, we are happy 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 take this opportunity to thank your family for supporting you to deliver your best in _______.
Name of the Head