Sample Letter of Increment on Performance

Example Template

Date:_____________

Name of the Employee

Employee Code

Sub: Salary Increment Letter on Performance

Dear (Mention the First name of Employee)

I would like to share that that we have always been at an very exciting place where each passing year has brought us some new milestones to achieve.   

Further to inform that according to the current market statistic our Company ( Mention Name ) is with the sales of (mention figure) stand amongst the 5 fast growing marketplaces built on in our country.  And looking forward, I have no doubt that coming financial year will be even more exciting and challenging for achieving the Top Rank in chart and will bring even more fun and success.

The Management has acknowledged that you have played an important role in helping  and building our company, and I would like to thank you for helping (Company Name) scale to where it has reached today.   I would also like to take this opportunity to congratulate you on your performance for the year 2017 – 18. Your performance has been wonderful.

In recognition of your performance, the management has decided increase in your Grade that will result in increment of your monthly and annual Pay.  You shall also be receiving performance linked Variable Bonus of Rs.________ For the year 2017 – 2018.  Variable Bonus pay – out will be governed as per the performance linked variable pay policy. All the other terms and conditions of your employment remain the same.

I take this opportunity to wish you success in your career with us and look forward to your continued contribution towards meeting our goals.

Wish you all the best!

Manager Name & Designation

Salary Increase or Increment Letter from Employer

Sample Format for Example

(Should be used Company’s Letter or use official Email)

Dated:_______

To,

The Employee Name

(Employment Code No. )

Address, City, State and Code

Subject :  Salary Increment

Dear Mr.___ ( Employee Name) 

During the year, each of our business witnessed incredible growth which has contributed in building a sustainable and profitable Business model for years to come.  Our Company has made further investments in optimizing and strengthening our various business processes and to create robust foundation to meet up any risks and challenges we may face in the near future.   In addition, We are putting our continuous efforts to hire best talent and invest in human resources have further strengthened our aspirations to be the leader in our Business sector.

All these efforts which we have done in the last financial years have made us a Very Unique Company and helped us to build a very harmonious culture of transparency and brand building within the organisation. The skills and aptitude of the members of our family has made us confident that we will get more success for us in the years to come.

Further, keeping in view of your efforts, performance and contribution for our organisation. We  are pleased to inform you that the management has identified you and have decided to give an Increment in your annual cost to company which will be now revised to Rs. 00000000/- (Mention the figure In Word). The revised CTC is applicable from 1st April 2018.  The detailed remuneration structure is enclosed as annexure 1. Your next appraisal is now due in April 2019.  The salary details enclosed are strictly confidential and private and must not be disclosed and discussed to anybody.

We still have to cover long way and add many more milestones and I am sure, we will all achieve it with your continued support, dedication, teamwork, innovation and passion to work for this organisation.

We congratulate you and request you to please acknowledge and accept this increment letter of the revised Salary and terms by signing a duplicate copy of this letter and submit the same to our HR Department as a token of acceptance.

Wish you good luck and best of wishes and a long journey with (use your company Name)

Thanking you,

Your truly,

For XYZ Inc..

AUTHORISED SIGNATORY

(Use Company Seal on Signature)

Sample Letter of Increment

Example Template

Company's Letterhead

REF:__________                                                                                         DATE:_________

Employee Name

Employee Code: 9828

Designation

Subject: Letter of Increment

Dear (Candidate Name)

We are pleased to inform you that keeping in view of your good performance at your work place and role, the Management has taken a decision to give you a salary increment.

Consequently, your compensation has been revised and the new enhanced compensation will be effective from 1^st April 2017.

Please note that your annual CTC w.e.f. April 01, 2017 will be Rs.9.25 lac pa.  (You can approach HR Department for detailed salary break-up and tax changes)

Further, you will also be eligible for the other benefits as per your grade of employees. 

We are sure that this will motivate you and you will strive to continuously improvement in your performance in future also.                                                         

Yours faithfully, 

For (Company Name)

Name of the Manager

Designation 

Request For Pay Raise or Salary Increment Letter

Sample Template

Increment Letter To Employee

Sample Letter

                                                                                                                                Date _________

Mr.________

Designation

Employee Code

Subject :  Reward of Salary Increment on Good Performance

Dear,

Congratulations !

In recognition of your previous performance we are glad to inform you that the company has decided to give you an increment of Rs _________/- and your restructured salary shall be Rs _________-/ CTC per month will be __________

The complete detail of your revised salary is highlighted in Annexure "A" of this letter.

We would like to take this opportunity to express our appreciation of your contribution to the organization and hope that you will continue to strive for better results. We hope you will shoulder your new responsibility with full dedication and sincerity.

With best wishes, 

Sincerely yours, 

Company Name

Authorized Signatory