It is a common process that every year after completion of financial year employees will expect salary hike from their employer.
Even employers will also do performance appraisals and they will be ready with all the required data that how much budget they need to allocate for the salary hike and how much increment should be given to individual employees.
No doubt, salary is the best motivational factor for any employee, so employers have to be very careful in dealing with the salary increment process.
Here we are not discussing the performance appraisal process and we have some best salary increment letter formats for employees which will be useful to inform your employees about their salary increments.
Salary Increment Letter Format For Employee 1
To
Mr. Raghuram Konuru,
Sales Executive,
The ABC Private Ltd.
Sub: Increment Letter
Dear Mr.Raghuram,
We are pleased to inform you that after evaluating your performance we are pleased to inform you that your salary has been revised W.E.F 1 November 2021, and the new salary structure will be:
Previous Salary: 25000 /-
Increment: 7000 /-
New Salary: 32000 /-
For remaining salary breakup details and other terms and conditions please contact the HR department.
We look forward to your valuable contributions to the organization and wishing you a great career ahead.
Please sign the duplicate copy of this letter as a token of acceptance of the same.
The ABC Private Ltd,
Executive Director.
Salary Increment Letter Format For Employee 2
To
Ms. Anuradha Uppalapati,
Senior Quality Executive,
The ABC Private Ltd.
Sub: Increment Letter
Dear Ms. Anuradha,
We would like to convey our hearty congratulations for your hard work and dedication towards organization objectives and it is our pleasure to announce an increment of 10000 Rs to your gross salary per month, and the revised salary will be effective from 01 November 2021. The new revised salary details will be
Previous Salary: 30,000 /-
Increment: 10,000 /-
New Salary: 40,000 /-
For remaining salary breakup details and other terms and conditions please contact the HR department.
We look forward to your valuable contributions to the organization and wishing you a great career ahead.
Please sign the duplicate copy of this letter as a token of acceptance of the same.
The ABC Private Ltd,
Executive Director.
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