Your business name
To
Recipient name
Subject: Revision of compensation
Dear __________,
Following our review, we are pleased to inform you that your compensation has been revised with effect from __________.
Your annual cost to company stands revised from __________ to __________. __________
This revision reflects your contribution over the past period. All other terms of your employment remain unchanged.
Congratulations, and thank you for your work.
Yours sincerely,
Signatory name