Salary reduction letter
Many employers currently struggle due to the unprecedented Covid-19 outbreak. Since the situation can be devastating, it can be an option to renegotiate the salary of the employees, in order to avoid massive layoffs. Going into a discussion with your employees can lead to fewer work hours, more work from home, providing other benefits: shares, or to give a temporarily salary reduction. All can be considered.
How do I write a salary reduction letter as an employer?
We support you and your company by providing this Salary reduction request letter template during these harsh times with the pandemic. It's important to explain to your employee why this is a legitimate reason for temporarily cutting your salary. This letter can be helpful to improve your situation and to prevent the issue from growing bigger.
By using this Salary reduction letter, you will see that it gives you extra inspiration on ways how to open the discussion, which is helpful in order to prevent a crisis. Besides, during these difficult times, you will all the time you have to focus on what is important.
Salary reduction letter due to covid19 sample:
- Dear Sir/Madam,
- I refer to our meeting yesterday, about whether you would be willing to agree to a salary reduction from 300 USD for the next 3 months, to a new rate of 1000 USD per month.
- As discussed, the company is enduring a significant downturn in business due to the Coronavirus pandemic.
- In response, we are putting in place a temporarily reduced pay arrangement to avoid mass layoffs.
Please consider this gesture from your employees, and it's good to make up with them, to increase the salary when times are better, it's a perfect way to thank your employee for his or her support, and will also motivate them to continue their hard work. So if an employee deserves it, don't hesitate to show them your appreciation.
Download this Salary increment letter template now and save yourself precious time and effort in order to become more successful!
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Chandra Vaughn - DEU
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