Posts tagged "Salary Format"

Bulk Salary Transfer Letter Format to Bank from Company

Every month salaries are required to be transferred by the employer to the accounts of the employees and in order to make this process an easy thing, following a Bulk Salary Transfer Letter Format is the right thing to do. Request Letter to Bank for Bulk Salary Transfer makes it easier for the company to communicate about the bulk salary transfers and Employee salary transfer request letter to company smoothens and fastens the process.

In this post, we have come up with a Bulk Salary Transfer Letter Format to Bank. Use this Employees Salary Transfer Letter to Bank, to create your own letter with ease.

Employee Bulk Salary Transfer Letter Format to Bank from Company

From:

Simon Smith

Manager

Zenith Technologies

New York

Date: June 24, 2022

To,

The Branch Manager

ABC Bank

New York

Sub: Regarding bulk salary transfer

Dear Sir,

We, Zenith Technologies, request you to please transfer the salaries of our employees into their respective bank accounts by debiting the amount from our bank account with account number 78897898 for the month of April, 2022. The name, salary and bank details of the employees are shared below.

S NoEmployee NameSalaryBank NameA/C NumberIFSC Code
1Andrew Smith2850Ace Bank45564556ACCB
2Roger Gibbs4255New Bank89562312NWBB
3Amanda Brown2536Era Bank78453265EEBB
4Richard Ray5363AAA Bank15263589AABB
5Susan Hall2398Ace Bank56458923ACCB
Total17402

Thanking you.

Sincerely,

Simon Smith
Manager
Zenith Technologies
New York

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Posted by Hrformats - June 24, 2022 at 5:27 AM

Categories: Salary Format   Tags: , , ,

Resignation Letter Due to Low Salary Problem Format

Resignations happen for different reasons and poor salary is one of the reasons. If you are resigning from your job for the same reason then you can always write a resignation letter due to low salary problem, poor salary, salary issue. The resignation letter with reason of low salary is going to be a short and precise letter. The resignation letter due to no salary increment to the company to keep it simple.

In this post, we have come up with a resignation letter format for salary issue. You can use the Resign letter sample to create a personalized letter for this situation in a formal manner.

Sample Resign Letter Format Due to Salary Issues and Low Salary Problems

From:

Robin Smith

54, Richmond Towers

New York

Date: February 10th, 2022

To,

Mr. Adam Jacob

Human Resource Manager

Zenith Technologies

New York

Dear Mr. Adam,

I am writing this letter to submit my resignation from the post of Marketing Executive. I have been associated with Zenith Technologies from last three years and have thoroughly enjoyed working with the company and learning new things.

The reason because of which I have been compelled to resign from my job is that I have been working on a poor salary since the time I have joined the company. There have been various commitments made to me on my salary increment which have not been fulfilled and therefore, I have finally taken a call on resigning from my job.

I, therefore, request you to please my resignation and accelerate the process so that all the formalities can end soon as I have taken up a new job in the other city. It was a wonderful experience working with Zenith Technologies and if the salary issues had not been there, I would have continued with the association.

Thanking you in anticipation.

Sincerely,

Robin Smith

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Posted by Hrformats - February 10, 2022 at 5:59 AM

Categories: Salary Format   Tags: , , , , , ,

Sample Apology Letter for Delay Payment in Salary

Sometimes delay in salaries happen for various reasons. And if there is a delay then it is always suggested to write a late payment apology letter to keep the employees informed as well as apologize for it in a formal manner. The apology letter for delay in payment is a simple letter which includes the apology along with the reason for the delay.

To make it easier for you, we have come up with letter of apology for delay in payment in salary format. You can use this sample apology letter format to employees for salary delay.

Sample Apology Letter Format to Employees for Salary Delay

From:

Adam Jacob

Managing Director

Zenith Technologies

New York

Date: February 5, 2022

To,

The Staff

Zenith Technologies

New York

Sub: Apology for delay in payment of salary

Dear Staff Members,

We are writing this letter to extend my heartfelt apologies to all because of the delay in payment of your salaries. As you all are aware that there has been a considerable fall in the number of orders in the last quarter because of increasing pandemic numbers. This has resulted in the fall of sales and that’s the reason there has been delay in the salary.

The good thing is that the sales are getting better now and we hope that these delays are going to get better with time. We are working hard to work on our sales and improve our collections and we are sure that this is going to be the last month for the delay in salary payments.

We hope that you are going to understand the situation and cooperate with us to manage these delays.

Regards,

Adam Jacob

Managing Director

Zenith Technologies

New York

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Posted by Hrformats - February 5, 2022 at 7:32 AM

Categories: Letters   Tags: , , , ,

HR Revision Policy Regarding Salary Increment Letter Format

Salary is one of the strongest motivations behind the working of employees and therefore, it has to be a certain amount that keeps the employee associated with the organization. And if you feel that the salary you are offering to your employees is not enough then salary revision policy is a must. In order to do that, you can write salary revision request letter to bring in the new salary policy for employees.

In this post, we have come up with a salary increase policy sample letter. You can use the salary increment letter highlighting the change in policy to create a personalized letter. Follow the salary increase letter to create a customized letter for your company.

Letter Format For HR Revision Policy Regarding Increase in Salary

From:

Andrew Smith

Human Resource Manager

Zenith Technologies

New York

Date: January 31st, 2022

To,

Mr. Adam Jacob

Managing Director

Zenith Technologies

New York

Sub: Revised salary policy for salary increment of employees

Dear Sir,

I am writing this letter in order to suggest a few changes that have been made to the salary policy of our company keeping in mind the betterment of our employees. We have seen a high attrition rate in our company in last couple of years and this has been a constant worry for our department. After considering all the points, we have concluded that the main reason for employees leaving our company is that the salary offered by our company does not include many benefits that are otherwise offered by various other companies in the industry.

Therefore, we suggest an increment of 15% in the basic salary of all the employees as this will certainly motivate them to work better and stay associated with the organization for longer durations.

We are hopeful that you will consider this request and will approve of this change in HR policy for salary increment.

Thanking in anticipation.

Sincerely,

Andrew Smith

Human Resource Manager

Zenith Technologies

New York

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Posted by Hrformats - January 31, 2022 at 8:41 AM

Categories: HR   Tags: , , , , , ,

Salary Increase Negotiation Letter Sample and Tips

If you think you are underpaid and it has been long since you have got a salary hike or the salary that you are being offered for a new job is below your expectations then writing a salary increase letter is a good way to negotiate with your boss or management.  A salary increase negotiation letter is a formal way of putting forward the request of increase in salary. Such a letter must include the reasons why you think you deserve a hike in order to have a decision in your favor.

In this post, we have come up with a salary negotiation letter example and Tips. You can sue this salary increase letter template to ask for a raise to your boss in a personalized manner.

How to write a Salary increase letter to ask your boss for a raise

Here are some steps that must always be kept in mind if you are aiming for a hike in your salary while drafting your letter:

  • Always be polite with your request but also be straightforward with the point you wish to keep forward.
  • Talk about your salary expectations with clarity.
  • Make sure you have data or reasons backing your salary expectations.
  • Mention that you are open for any further discussions on negotiations.

Salary Increase Negotiation Letter Sample Format and Example

From:

Andrew Black

54, Richmond Apartments

New York

Date: October 21, 2021

To,

Mr. Oslo Mathew

Human Resource Manager

Zenith Technologies

New York

Sub: Salary Increase Negotiation

Dear Mr. Oslo,

I am extremely excited about the offer of joining Zenith Technologies as a Deputy Marketing Manager.

With a management degree in Marketing and experience of over ten years in marketing, I have been able to achieve impressive results for New Age Technologies as Team Leader in the Marketing Department from last three years.  I have  been involved in creating marketing programs for the new product launches during this time and they have been successful.

I am writing this letter to discuss my base salary before signing the offer made by you. As per my research, the average salary of a Deputy Marketing Manager in New York is $ 150,000 to 200,000. Therefore, I would like to propose to move the offer closer to $ 150,000 consider my experience and my qualification.

Thank you again for your offer. I look forward to hear from you soon.

Sincerely,

Andrew Black

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Posted by Hrformats - October 21, 2021 at 10:06 AM

Categories: Salary Format   Tags: , , , , ,

How to Negotiate a Salary: Salary Negotiation Letter after New Job Offer

Salary negotiation is a crucial aspect in interview process, and commences almost at the last stage. After impressing the employer with your skill sets, and receiving the job offer, salary negotiation has to be done. For the negotiation to be successful it is important to understand the job role, the number of years of experience, industry standards, and the technical skills required to perform the job. The employer would offer a salary, based on your current job salary, expected salary increment and promotion. You can write a salary negotiation letter based on the template mentioned, stating your reasons for asking additional salary. You have to justify well about your skill sets, your previous experience and other job offers. You can write a letter or send e-mail after receiving job offer.

Salary Negotiation Letter Sample When There Are New Job Offers

To,                                                                                                                                                                                             Date: 15/02/2018

The HR Manager,

Tech Mahendra Company Ltd,

Bangalore.

Dear Sir,

Thank you for offering me Senior Program Manager Position at Tech Mahendra Company Ltd. The Job description, position and roles and responsibilities are suiting my past experience, my skill set and career goals.

I have a vast experience and skills that match your profile. I am due for a promotion in my current company I have another two job offers in reputed multi-national companies, however your esteemed company is my first preference. I was offered Rs.1, 00,000 as the highest compensation. I request you to reconsider my compensation package. I will serve your company with honesty and diligence. If you can consider the compensation that I am offered in Tata Consultancy Company. I will gladly join your organization. Again thank you for your offer and I look forward to your response.

Sincerely,

Madhavi

Click Here to Download Salary Negotiation Letter after New Job Offer in PDF Format

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Posted by Hrformats - February 15, 2018 at 6:35 AM

Categories: Salary Format   Tags: , , ,

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 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

Categories: Salary Format   Tags: , ,

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

Categories: Salary Format   Tags: ,

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

Categories: Salary Format   Tags: ,

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

Categories: Salary Format   Tags: , ,

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