A salary increment letter (compensation revision letter) informs an employee that their CTC has been revised, with the revised figure and effective date.
It records the existing and revised annual CTC and the effective date, notes that other terms remain unchanged, and is typically issued after an appraisal cycle.
What to include
Existing CTC, revised CTC, effective date and a note that all other terms remain unchanged.
Who issues it
Issued by HR or the reporting authority on company letterhead, usually after the appraisal.
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