Date : XXXXXXXX
Dear Mr. XXXXXX,
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,