Salary Format

Employees Salary Transfer Letter to Bank

Being the HR manager of your company, the onus of salary transfer of your employees is on your shoulders. If you have some new employee in the company for which you want the salary transfer to be made or you want the salary transfers of your present employees to be made then you must write a formal employee salary transfer letter to the bank instructing the bank to do the needful.

Given below is a sample format for employee salary transfer letter to bank to help you create a personalized draft with important details required to be included. Use this template given for quick and easy reference.

Employees salary transfer letter format to bank

Andrew Cullen

HR Manager

XYZ Technologies Pvt. Ltd.

123 Prospect Ave, Apt 111

California

Date: 30th July, 2016

To,

John Smith
Bank Manager
ABC Bank Pvt. Ltd.
123 Park Avenue
California

Sub: Employee Salary Transfer Letter

Dear Sir,

On behalf of XYZ Technologies Pvt. Ltd., I request you to please debit salary of our employees from our bank account, the details of which have been mentioned below:

Name                          Account No.                 Amount

Mary Smith                 123-456-789                $5000

Hugh John                   111-222-444                $5400

Ana Maria                   781-456-113                $4800

Joseph Roy                  564-987-321                $3800

Thanking in anticipation

Yours sincerely,

Andrew Cullen

HR Manager

XYZ Technologies Pvt. Ltd.

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Posted by Hrformats - July 30, 2016 at 12:55 PM

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Salary Increment Letter After Completing One Year

Once you have completed one year with your company, it is time to write a request for increment to your HR Manager. If you don’t know how to draft a formal salary increment letter to the management on completion of one year then given below is a wonderful format which you can use as a base for creating a perfect letter. Make sure you use the right sample because it has the power to get a positive answer from your boss.

Salary increment sample letter after completing one year

Sam Jackman

123 Silver Street

42, Park Avenue
New York

Date: 01st July, 2016

To,

Adam Gibbs

HR Manager,

ABC Corporation Pvt. Ltd.

New York

Dear Mr. Gibbs,

I would like to bring to your notice that on 1st June, 2016, I completed one year with ABC Corporation Pvt. Ltd. as a Marketing Executive. I was always a dedicated and honest employee of your company. I have given the best of my potential and efforts to every project or assignment that I was handed over without any delays or issues.

With this letter, I would like to highlight that I was recruited at a lower salary and was promised an increment after completion of one year. And now that I have successfully completed the tenure, I am writing this letter to ask a rise in my salary because my present salary is too low to cover the expenses of my family.

I have a job offer from XYZ Technologies Pvt. Ltd. and the company is offering me a better package. However, I am an honest and committed employee of your company, I decided to write a letter reminding you about the commitment made at the time of the recruitment.

Kindly consider my request.

Thanking you.

Yours sincerely,

Sam Jackman

Marketing Executive

ABC Corporation Pvt. Ltd.

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Posted by Hrformats - July 1, 2016 at 12:43 PM

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Salary Slip & Salary Working Format

Employer issues salary slips at the end of every month to the employees at the time salary gets paid. Salary slip is an important document which is needed to be maintained by every employee and is of more importance when you are applying for a loan or credit card etc. It is a refined summary of all your earnings on one side and deductions on the other. The idea it to have a clear picture of your net salary and how it has been derived in order to avoid confusion and chaos.

Click to Download Salary Slip and Working Format

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Posted by Hrformats - March 23, 2016 at 11:38 AM

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Tips on How to Negotiate Salary in a Smart Way

Salary negotiation is not so easy. You want the job but you don’t want to price yourself for it. You are not even sure of what offer is the company going to make. You also need to make sure that you are paid what you deserve. You want at least an amount with which you can sustain yourself and pay your bills. All this is a part of salary negotiation and it depends on how smartly you are able to put across your price and leave the table with a good offer.

This post includes the best of the tips and tactics that can help you make smart negotiations with the employer without making any compromises. With these tricks, you can emerge as the winner in this struggle.

Always be patient and calm

Negotiations can happen only with a calm mind and patience. If you are impatient while discussing your salary or job then take three deep breaths and relax before speaking anything. Do not touch the topic until and unless, the employer does. And when you are posed with the question about your salary requirements, give a smart answer that they are subjective to roles, responsibilities and position.

Analyze and Evaluate the Job Offer

As soon as you receive the job offer, start analyzing and evaluating it from different angles. You cannot just simply depend upon the base salary but you also need to take into account other benefits that are being offered to you. Find out about the projected increase in salary, know about the bonuses that you can get, learn about the growth and promotion opportunities that the job brings for you. Prepare a list of all the advantages and disadvantages associated with the offer and then reach to the final conclusion. Never simply take your decision based on the base salary as it is incomplete.

Always Be Ready for a Counter Offer

In order to keep the discussions going, you must keep yourself ready with a counter offer. You can always ask for a meeting to discuss on it to keep the discussions open. You can also send a counter offer letter or email to maintain the flow of the conversation. Always be prepared and do not allow the conversation to drop at any point. You will have to keep holding on to it in a very smart manner so that you can strike the best deal.

Know Your Value

It is very important that you are prepared with all the information. You should know your worth and should also know the salaries that are being offered for the profile for which you have applied. This will help you quote a reasonable salary figure to the employer and your negotiation will give you more confidence. This will save you from quoting an unreasonable amount to the employer because of which you can actually lose a good job from your hands. Do homework is necessary to be able to quote the best price and this can actually help you land up with the best deserving job and salary.

Take Time to Decide

Never take a decision in haste. Take your time to decide what you want before taking a final decision. If you have any questions or doubts in mind, you must ask them to the employer. If you need time to think then you can ask the employer some time to consider the offer. This is always the right way of moving ahead with things instead of quickly taking a decision. Do mention it is an email or letter the date by when you are going to respond so that there is complete clarity in the statement you are making. Do not leave it incomplete or vague. Be specific in the amount of time you need to decide.

All these points must be kept in mind while negotiating on a salary. Use these tips to make your negotiation much stronger and promising.

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Posted by Hrformats - March 2, 2016 at 11:21 AM

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Example of Formal Salary Negotiation Letter to Company

You have received an offer letter for the job that suits your expectations but the salary that has been offered to you is not up to what you had expected. In such a case, you must send a formal salary negotiation letter to the company or the employer. Instead of saying a complete no for the offer, sending a negotiation letter is considered as the more practical and also rewarding step to take.

Given below is the sample of formal salary negotiation letter to the company from which you have received an offer letter. Use this template to create a personalized letter.

Formal Salary Negotiation Letter to Company

Julia Mars

11, Park Avenue,

St. George Village

Date: 05th February, 2016

To,

Mathew Jacob

HR Manager,

XYZ Corporation Ltd.

42 Richmond Street,

New York

Dear Mr. Jacob,

I want to thank you for the job offer for the position of Marketing Manager from XYZ Corporation Ltd. The areas of responsibility for the profile are as per my career goals and my expertise. I am very hopeful that with the foresighted growth plans of your company, I would have an excellent opportunity to make significant contribution to the overall growth and success of the organization.

Before moving ahead with accepting the offer made by you, I would like to discuss the salary that you have offered. As per my knowledge, the average salary for the post of Marketing Manager in the industry is $ 100,000 annually. Moreover, with my experience, education qualification and career record, I strongly feel that you must consider the offer you have made. I feel that the position of Marketing Manager demands high levels of commitment and I am completely prepared to give all my time and efforts.

I would like to thank you again for the offer and will look forward for your response. I am hopeful that together we can reach to a mutually beneficial agreement.

Sincerely,

Julia Mars

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Posted by Hrformats - February 5, 2016 at 7:28 AM

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Rejecting Offer Letter Because of Salary

Finding a job of your choice is not easy. You have to look into different aspects to make sure that the offer you are accepting is beneficial to you. Sometimes everything goes good and you end up getting selected for the job and you receive an offer letter for the same. But unfortunately, the salary offered by the company is not as per your expectations. In such a scenario, the professional way of rejecting the offer is by sending a formal letter. Make sure you state the reason because of which you cannot accept the offer.

Here is the sample of rejecting offer letter because of salary which you can use to create a customized draft with all essential details. Refer to this example and create your own formal letter.

Sample Rejecting Offer Letter Because of Salary

Ana Simpson

25 Park Avenue Apartments

Silicon Street

New York

Date: 28th December, 2015

To,

Sam Anthony

HR Manager

ABC Corporation Pvt. Ltd.

St. Andrew Street

New York

Dear Mr. Anthony,

This is response to the offer letter for employment at ABC Corporation Pvt. Ltd. I am highly honored to have been selected for this job but unfortunately I will have to decline your offer. I have carefully analyzed and weighted this opportunity and the salary and I feel that the remuneration offered will not be able to meet my financial needs. It has been a tough decision to make because I was very excited to work such a reputed company. Moreover, I got to meet some wonderful people during the course of the interview. If possible, then I will be happy to negotiate the salary for the position offered, something that suits well with my experience and qualification will be a good deal.

Thank you for the offer and for your time. I hope we get to meet again.

Yours sincerely,

Ana Simpson

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Posted by Hrformats - December 28, 2015 at 12:51 PM

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Steps to Write a Formal Salary Negotiation Letter

It is very important that if you are not satisfied with the offered salary then you must write a formal salary negotiation letter to the company. There is nothing bad about negotiating for a better salary provided you know the right way to put across your expectation. One thing that you must work on before framing this kind of a letter is that find out the standard salary in the industry for the profile that you have been offered. This would bring make you more confident while putting up the negotiation.

This post talks about the essential steps that you must keep in mind while framing a professional salary negotiation letter.

Start with Research

The first and the foremost step should be to research about the average salaries of the job for which you have been sent an offer letter. You can refer to internet or explore sources like business libraries and industry associations to find out about the salary. If you have friends working in other companies then make inquiries to them about the salary. You can even seek advice from independent consultants or recruiters who can provide you with complete information on the same.

Frame a Formal Letter

Once you have enough information in your hand, it is time to start writing the letter. Here are some important points that you should not miss.

  • Keep it traditional business letter format.
  • Do not make it a lengthy letter. Keep the length to around one page.
  • Make sure you keep it formal. It is good to send it through by regular mailing system.
  • Use the best available stationery.
  • Keep the tone respectful and formal.

Address it to the Right Person

While writing this letter, you should make sure that you are addressing it to the right person. Technically, you should be writing it to the hiring manager or the company official who has signed on your offer letter. Do not mistake to address it to the wrong person.

Begin with Thank You

When you start your letter, always express thanks to the company for sending you this offer and also show your interest in this opportunity. Then talk about the salary that has been offered to you, highlighting your expectation and making a counter-offer in a formal manner. You can even mention the average salary for the same profile in the industry and talk about the mismatch in the offer that has been made to you. You can also put up your worth by mentioning your experience or qualification. Make sure that you letter concentrate on the business aspects and not bring in any personal reasons.

Conclude Effectively

Once you have expressed your counter offer, it is time to conclude your letter by summarizing your letter in a professional way. Always end it with a hope for receiving reply from the other side. You can even offer to phone the receiver in few days to fix an appointment for a personal meeting. Make sure you are able to express your optimism and enthusiasm in your letter which will reflect your interest in the offer.

Follow these points to write a professional salary negotiation letter so that you can turn the table in your favor.

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Posted by Hrformats - December 21, 2015 at 12:26 PM

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Sample Format Of Salary Increment Letter

Salary increment letter is written with a purpose to inform the employee about increment in his or her salary. While writing such a letter, you must congratulate the employee and also state the reason for this increment along with the components of this appreciation. You must include the name, designation and the date of increment for making this letter complete in every sense. It has to be a letter that acknowledges the hard work of the employee and also motivates them to work harder.

If you are the HR manager of the company or the employer and you want to inform your employee about the increment then here is a formal format to help you frame a complete letter with all necessary points that must be included without fail.

Salary Increment Letter Format for Employee

Date: 27th June, 2015

To,

Mr. Jacob Smith

Sales Executive

Dear Mr. Smith,

We are happy to congratulate you on impressive sales target achievements which have set new record. Your wonderful contribution to the company is acknowledged and appreciated by the management. We are sure that you will keep up with the good work and in times to come you will again deliver unmatched performances with utmost dedication and commitment.

After reviewing your performance from January 2015 to May 2015, we take immense pleasure in announcing appreciation in your salary package for the current year. From 1st July, 2015 your revised salary will be $75,000 per annum.

The terms and conditions other than your revised salary package remain unchanged as per your letter of appointment.

We are hopeful that you will keep making such valuable contributions to the organization which will be helpful in the growth of the company. We also wish you the best of your luck for the year ahead. Looking forward for much better performance from you.

Please sign the duplicate copy of this letter in order to express your acceptance of the salary appreciation.

With best wishes

Yours sincerely,

Adam Lincoln

HR Manager

ABC Corporation Pvt. Ltd.

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Posted by Hrformats - June 26, 2015 at 11:18 AM

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CTC Breakup of 16 Lakh

Find the attached file of Salary Breakup for Rs.1600000L CTC.

Click Here To Download CTC Breakup for 1600000L

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Posted by Hrformats - September 21, 2011 at 6:02 AM

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How to make a Salary Structure?

Please find attached Salary Structure Format.

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Posted by Hrformats - September 13, 2011 at 8:22 AM

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