A bonus announcement letter template is a formal letter, which is written and sent by an organization to their employee to give them the news of their bonus payment. These letters are written when an employee shows real and exceptional progress in their work field, so the company gives them a bonus to show them that their hard work is being acknowledged and appreciated by their employers. A bonus announcement letter is basically a communication letter with the tone of the employer, which is generally appreciative and friendly. The employer uses this letter to communicate with their employee who has a good progress and appraise their good work while announcing their bonus. It is generally accepted known fact that employees work hard only if they are appreciated and motivated for their work. If your employee is working hard and they do not see anyone acknowledging them, they get demotivated and start lacking. If you want your employees to keep working hard and bringing success to your organization, you need to notice their labor.
Advantages of Bonus Announcement Letter:
Writing a bonus announcement letter template can have a multiple benefits. Some of which are mentioned below:
• Maintain Progress: if you send bonus announcement letters to your hard working employees, they get happy that their work is being acknowledged. As a result they automatically maintain their progress an d even try to do better than before. This is a benefit to your company.
• Induces other Employees: when you send a bonus announcement letter to one of your employee for their accomplishments, the other employees will see that and want to work hard to get a bonus too. This way the organization starts growing because of determined and motivated employees and the company gets more sales.
• Sets a Good Reputation: a company that gives more benefits to their employees is able to set a good repute in the business market or in front of their competitors. Any company that makes sure their employees are happy and motivated always stands out in the business market not just because of the bonuses but also according to their progress.
Points to Remember While Writing a Bonus Announcement Letter:
Some major points you need to remember while you compose a bonus announcement letter are given below. They help you to write a professional and clear bonus announcement;
1. Always start off the letter with the purpose of the letter. Explain why you are writing the letter.
2. Secondly, appreciate the employee on their hard work. Mention the things they have done in the past month/year that made you want to give them a bonus.
3. Then you tell them about the bonus. Write the exact amount of bonus you are giving them. How do you plan on giving it to them (along with their payment or separately).
4. Lastly, ask them to maintain their progress and thank them for being an important part of the organization.
5. These bonus announcement letter templates can either be written or as an email. Both methods are effective in their own way and have their benefits. However, the main point is to notify the employee about their bonus.
