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Hike Letter - Revised

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134 views2 pages

Hike Letter - Revised

Uploaded by

Devanand0206
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Employee Number – 98749

Name – Tejas P J
Designation - Team Member

Compensation Revision Letter

Dear Tejas,

Please be informed that starting Apr 10th 2023, Group Term Life Insurance (GTLI) cover benefit has been
introduced for all Coforge BPS full time employees. Premium for this new cover has been included as a part of
employee CTC break up on Page 2 of the increment letter.

Please note that your Annual Compensation will be revised to INR 356,292 (Rupees Three Lacs Fifty Six Thousand
Two Hundred Ninety Two Rupees only) to include the updated GTLI premium, with effect from 01 Apr 2023.

As we continue our effort towards integrating our systems and processes with Coforge, please also note:

1. All BPS BU employees are being aligned to Coforge Career Bands. You are now aligned to Band 2 as per the
Coforge Career Band structure. Your designation continues to be Team Member.
2. All other terms and conditions of your employment remain unchanged.

For Coforge BPS BU,

Pankaj Khanna
EVP and Director

Coforge Business Process Solutions Private Limited


(erstwhile SLK Global Solutions Private Limited)
Registered Office: Building Number 2, Commerzone, 6th & 7th floor, Samrat Ashok Path, Yerwada,
Pune - 411006, Maharashtra, India. Tel: +91 20 4011 8500
www.coforge.com CIN: U72200PN2001PTC204300
A. Fixed Salary Current (INR) Revised (INR)
Basic 180,000 180,000
HRA 72,000 72,000
Flexi Basket 18,324 14,825
Monthly Statutory Bonus 30,564 31,786
Fixed Gross (A) 300,888 298,611
B. Variable Allowance
Night Shift Allowance 15,840 15,840
Pay For Performance 0 0
Variable Pay 0 0
Retention Bonus 0 0
Skill Allowance 0 0
Total (A+B) 15,840 15,840
C. Statutory and Other Benefits
Provident Fund 21,600 21,600
Employee State Insurance 0 0
Gratuity 8,653 8,654
Medical Insurance 6,504 8,780
Group Term Life Insurance 0 531

Cost To Company (CTC: A+B+C) 353,485 356,292

Note:

1. Flexible Benefit plans, Shift allowance, Production incentives and other allowances (if any) are payable as per
company guidelines.

2. Minimum wage correction has been included where applicable as per statutory guidance.

3. All other existing terms and conditions of your employment will remain unchanged until further written
communication.

The Company reserves the right to change / modify terms and conditions of employment and compensation
structure or benefits at its discretion.

Note: This information is STRICTLY PRIVATE & CONFIDENTIAL between you and the company and shall not at any time be disclosed or divulged
or discussed except with your reporting manger or with HR.

Coforge Business Process Solutions Private Limited


(erstwhile SLK Global Solutions Private Limited)
Registered Office: Building Number 2, Commerzone, 6th & 7th floor, Samrat Ashok Path, Yerwada,
Pune - 411006, Maharashtra, India. Tel: +91 20 4011 8500
www.coforge.com CIN: U72200PN2001PTC204300

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