Notify employee of excellent report, effort noted

Subject:            [DESCRIBE REPORT, ex. Financial Analysis of Competitor’s Pricing Policy]

This is just a short note to thank you for the report you prepared for me on the above subject. I carefully reviewed the report and found it to be informative, well researched and well written.

It will assist us a great deal in [DESCRIBE BENEFIT TO COMPANY, ex. pricing our products to gain market share over our competitors].

Your hard work and effort have been duly noted.

Thanks again.