Here’s a sample template you can use to write a letter rejecting a salary increase.
Dear [name],
This is to notify you that I’ve reviewed your request. Unfortunately, I need to turn it down. As you know, our company is currently not in its best time, so we need to keep costs low so it thrives.
I hope you know that you are valued in this company. At your next annual review, I’ll make sure to re-evaluate you remuneration.
Sincerely,
[name]
Other Free Letter Templates
- Letter of Request for a Salary Raise
- Alternate Letter of Request for Salary Raise
- Letter to Turn Down Request for Raise