Hi Iam working as HR executive in IT company from last 3 months, can anybody help me in how to prepare an increment letter, pls send me the format. Thanks Vijay
From India, Hyderabad
From India, Hyderabad
Dear Vinay,
The letter may contain the following:
1. Congratulate him / her (if the individual has completed 1st year of association.
2. Write something similar.....'We are pleased to communicate to you that consequent to your annual performance review, your compensation has been revised to Rs.______________ effective /w.e.f _________(Date). The detailed break-up is given below:
Basic
HRA
etc. (Other Components)
GROSS PA.
3. Add a sentence which says that this is a recognition from the management for his / her efforts during the period and emphasis on enhanced performance from the individual.
4. Wish the individual
5. Signature.
Hope this information will be of some help to you.
Thanks,
Shankar Anappindi
From India, Visakhapatnam
3The letter may contain the following:
1. Congratulate him / her (if the individual has completed 1st year of association.
2. Write something similar.....'We are pleased to communicate to you that consequent to your annual performance review, your compensation has been revised to Rs.______________ effective /w.e.f _________(Date). The detailed break-up is given below:
Basic
HRA
etc. (Other Components)
GROSS PA.
3. Add a sentence which says that this is a recognition from the management for his / her efforts during the period and emphasis on enhanced performance from the individual.
4. Wish the individual
5. Signature.
Hope this information will be of some help to you.
Thanks,
Shankar Anappindi
From India, Visakhapatnam
Please see this format
Rgds
Rone A Manapuzha
======================
Date
Ref : .................................
Name
Place
Sub: Increment-.........
Dear Mr........
On the basis of your performance during the year ........., the management is pleased to increase your Basic Salary from Rs ............./- p.m. to Rs ............/- p.m., with effect from .................
In addition, the Management is also pleased to increase your Allowance from Rs .......... p.m to Rs ............/- p.m with effect from ...........
Please be advised that this increment is based on your performance as adjudged by your annual performance appraisal as well as the company’s performance and it is not a mandatory payment that the company is obligated to make to the employee.
Your increment will be subject to income tax/other deductions as per the provisions of the Income Tax Act and other statutes as may be applicable from time to time.
We wish you all the best in your future endeavors for the company.
Regards,
From India, Mumbai
Rgds
Rone A Manapuzha
======================
Date
Ref : .................................
Name
Place
Sub: Increment-.........
Dear Mr........
On the basis of your performance during the year ........., the management is pleased to increase your Basic Salary from Rs ............./- p.m. to Rs ............/- p.m., with effect from .................
In addition, the Management is also pleased to increase your Allowance from Rs .......... p.m to Rs ............/- p.m with effect from ...........
Please be advised that this increment is based on your performance as adjudged by your annual performance appraisal as well as the company’s performance and it is not a mandatory payment that the company is obligated to make to the employee.
Your increment will be subject to income tax/other deductions as per the provisions of the Income Tax Act and other statutes as may be applicable from time to time.
We wish you all the best in your future endeavors for the company.
Regards,
From India, Mumbai
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