i am looking for a letter format which talks of variable pay...This will be part of the increment letter...
Something like.....
In addition to the revision above, you will be eligible for a variable pay as decided by the company every year. The variable pay for FY '15 will be communicated to you separately.
Then in a separate letter there needs to be a mention of the payment schedule and a mention that 'The payment schedule above is indicative and is subject to quarterly decisions taken based on performance by the company'.
Can anyone share a IT company's variable pay letter format
Rgds
Rekha
From India, Bangalore
Something like.....
In addition to the revision above, you will be eligible for a variable pay as decided by the company every year. The variable pay for FY '15 will be communicated to you separately.
Then in a separate letter there needs to be a mention of the payment schedule and a mention that 'The payment schedule above is indicative and is subject to quarterly decisions taken based on performance by the company'.
Can anyone share a IT company's variable pay letter format
Rgds
Rekha
From India, Bangalore
Hi Rekha,
just see if this will help you.
«Gender». «EMPLOYEE_NAME»
Emp Code: «EMP_No»
We are happy to inform you that you would be eligible for Rs. ...... as Variable pay.
Payable monthly / quarterly / annually subject to the achievement of mutually agreed KRAs ( you can probably incorporate the eligibility criteria here).
All the other terms and conditions remain unchanged.
Wish you all the success!!
For ................
Name
Designation
From India, Bangalore
7just see if this will help you.
«Gender». «EMPLOYEE_NAME»
Emp Code: «EMP_No»
We are happy to inform you that you would be eligible for Rs. ...... as Variable pay.
Payable monthly / quarterly / annually subject to the achievement of mutually agreed KRAs ( you can probably incorporate the eligibility criteria here).
All the other terms and conditions remain unchanged.
Wish you all the success!!
For ................
Name
Designation
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Pf name & dob change letter format.doc