LETTER TO REJECT RAISE REQUEST

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]

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