Many firms have been compelled to temporarily lower employee wages to avoid mass layoffs as a result of the global Coronavirus outbreak. A salary reduction letter is a document that lays out the terms under which an employee’s salary will be decreased.
If an employee is not performing well in his job, it is time for a salary cut or a Salary Reduction Letter. Salary reduction is a difficult decision to make unless it is really essential. If your job isn’t covered by a contract, your boss can lower your payments at any moment and must notify you via a Salary Reduction Letter to their Employees.
This template can be used to create a customized letter for your business.