Letter of Performance (Increment)

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October 31, 2006







Dear _______


Congratulations!

Your performance during the year was exemplary! You were rated as ______ by your manager.

Accordingly, we have decided to upward revise your compensation and increase your CTC by Rs. ___________ w.e.f. __________.

A one time performance award of Rs.________ is also being given to you.

Whilst appreciating your dedication and performance, we look forward to your sustained performance in the year ahead and wish you a bright career with our company.


Best Regards,

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[welcomewiki]

October 31, 2006







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. This nec(Organization Name)ily will 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,