Hi Jai,
Please find the below format.. hope it may be of some use!
Letter of Performance (Promotion)
October 31, 2006
<Name>
<Company>
<Employee Number>
Dear _______,
Congratulations!
Based on your sustained performance over the years and our assessment of your readiness to take up higher responsibilities, we are pleased to promote you as _______________ and place you in the level ________ of our company.
Accordingly, your compensation is revised w.e.f. ______ and your 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 discharge your new responsibilities effectively and redeem our trust in you.
We take this opportunity to thank your family for having supported you to deliver your best in ____-____.
Best Regards,
<Name of the Business Leader>
<Designation>
<Company>