Based on your sustained performance over the years and our assessment of your willingness to take up higher responsibilities, we are pleased to promote you as _______________ and place you in the level ________ of our company.
Accordingly, your compensation has been revised w.e.f. ______ and your new CTC will now be ________ which will comprise 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.
We are confident that you will execute your new responsibilities effectively as well as redeem our trust in you.
We wish you Good Luck!