Posts tagged "Increment Letter"

Increment Cancellation Letter

Sometimes dues to various reasons, being the HR Manager of your company, you might have to cancel the increment of one of your employees. In order to inform this, you must write a formal increment cancellation letter to the employee stating him the reason for taking such an action.

If you don’t know how to frame such a letter then given below is a sample increment cancellation letter which you can use for drafting a formal letter with all the important details that are suppose to be included in this letter.

Sample Format Of Increment Cancellation Letter

James Smith

HR Manager

ABC Corporation Pvt. Ltd.

2 Richmond Street

New York

Date: 25.06.16

To,

Adam Joseph

42 Johnson Apartments

St. Anthony’s Road

New York

Dear Mr. Adam,

This is to inform you that the recent episode of misconduct against company laws that happened on 20.06.16, we have found you guilty of the charges levied against you. And as per Company’s policy, severe punishment charges can be inflicted upon you.

However, taking in consideration your past record and analyzing the nature of misconduct, the Company has decided on a milder punishment for you. Therefore, your increment which was due this year will be put on hold for one year. During this time, your performance and your behavior will be strictly under a watch and if everything is found satisfactory and as per Company’s policy then your request for increment will be considered by the Management once the given period is complete.

Sincerely,

James Smith

HR Manager

ABC Corporation Pvt. Ltd.

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Posted by Hrformats - June 27, 2016 at 12:34 PM

Categories: Letters   Tags: ,

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

Categories: Salary Format   Tags: ,

Salary Increment Letter Based on Performance

Salary Increment Letter Based on Performance From Company to Employee.

 

October 31, 2014

<Name>
<Company>
<Employee Number>

Dear _______,

We are happy to thank you for your valuable contributions to our business performance this (year).

We have considered your performance while dealing with your new CTC and have come up with a few compensations for you.

Your revised CTC for ____-____ effective _______ is Rs. ________/-. It will include the following perks:

1. Rs.________ as a fixed component of the pay plan

2. Rs. _______ as a variable component of the pay plan (this will depend on your performance)

3. Rs. ______ as a one time performance award from the company as a token of appreciation.

The coming year is expected to bring a lot of challenges. This nec (Organization Name) ily will demand exceptional performance on our part. We hope you come up with the same zeal, competency and commitment to take to company to a different level.

We would also like to thank your family for the support behind your success in (year).

Best Regards,

<Name of the Business Leader>
<Designation>
<Company>
Click Here To Download Letter of Performanc1

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Posted by Hrformats - February 3, 2014 at 12:45 PM

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Salary Increment Letter to Employee for Excellent Performance

Salary Increment Letter to Employee  for Excellent Performance.

 

October 13, 2013

<Name>
<Company>
<Employee Number>

Dear _______

Congratulations!

We are thoroughly impressed by your exemplary performance during the year. You are rated as (rate review) by your manager.

As a result of which the company has decided to revise your compensation and increase your CTC by Rs. ___________ w.e.f. __________. You will also be rewarded with one time performance award of Rs.________ as a token of appreciation.

We look forward to the same zeal and dedication in your work in the year ahead and wish you a wonderful career with our company

Best Regards,

<Name of the Business Leader>
<Designation>
<Company>

 

Click Here To Download Letter of Performance

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Posted by Hrformats - February 3, 2014 at 12:35 PM

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Increment Letter

I Have Attached Increment Letter

 

 

October 31, 2009

 

 

 

 

Dear _______ ,

 

 

We take this opportunity to thank you for your valuable contributions to our business performance during the year ____-____.

 

While fixing your new CTC, we have considered your performance in the role whilst also making market correction that may be required based on our review of compensation in comparable companies.

 

Your revised CTC for ____-____ effective _______ is Rs. ________/- which comprises 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.

 

The year ahead is going to pose several challenges. We demand exceptional performance from all of us to sustain our leadership contributions. We are confident that you will rise to this challenge and pool in your energies, competencies and commitment to achieve further heights.

 

We take this opportunity to thank your family for having supported you to deliver your best in ____-____.

 

 

Best Regards,

 Click Here To Downlad Increment Letter

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Posted by Hrformats - January 6, 2012 at 9:56 AM

Categories: HR   Tags:

Request Letter

Find Attach herewith Sample Salary Increment Letter for Salary Increment.

Click Here To Download Salary Increment Letter

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Posted by Hrformats - October 17, 2011 at 11:50 AM

Categories: HR   Tags:

Business/HR Letters Format

Here some good formats of Business as well as HR Letter.

1) Offer Letter Format

2) Increment Letter Format

3) Promotion Letter Format

4) Interview Call Letter Format

5) Salary Certificate Format

6) Relieving Letter Format

7) Experience Letter Format

8 ) Warning Letter Format

9) Appraisal Letter Format

Click Here To Download Letter Formats

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Posted by Hrformats - May 27, 2011 at 10:36 AM

Categories: HR   Tags: , , , , , , , ,

Format of Promotion Letter & Increment Letter

Please find attach herewith Format of Promotion Letter and Increment Letter.

Click Here To Download INCREMENT LETTER

Click Here To Download PROMOTION LETTER

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Posted by Hrformats - May 27, 2011 at 8:35 AM

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HR Letters Formats

Attach herewith HR Letters Formats.

Click Here To Download Appraisal Letter

Click Here To Download Experience Certificate – 1

Click Here To Download Experience Certificate – 2

Click Here To Download Increment Letter – 1

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Posted by Hrformats - April 16, 2011 at 11:41 AM

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Increment Letter Format

Attach here Increment Letter Format.

Click Here To Download Increment Letter Format

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Posted by Hrformats - April 16, 2011 at 10:54 AM

Categories: Increment Letter Format   Tags: