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June 2023 Notes (27.06.2023)

There's a need to address an important matter that affects each one of us—rising inflation—and to inform you of a decision made by the management regarding salary increments.

As you may be aware, our economy has been experiencing a significant increase in inflation rates over the past months. Inflation affects the cost of living and places an additional burden on individuals and families. We understand the impact this has on your financial well-being and the importance of addressing this issue proactively.

After careful consideration and evaluation of the current economic conditions, I am pleased to inform you that the management has decided to implement a salary increment for all team members. This salary increment is aimed at mitigating the effects of inflation and maintaining the purchasing power of your income. Some team members may see this reflected in a later month's payroll due to limited resources.

Please note that this decision has been made after careful consideration of various factors, including our financial stability, market conditions, and our commitment to retaining and attracting skilled professionals like yourselves. We firmly believe that investing in our team is crucial for the long-term success of our organisation.

I understand that you may have further questions or concerns regarding this salary increment. My door is always open to discuss this matter in detail and address any queries you may have.

We value your hard work, dedication, and contributions to our organisation. Our aim is to ensure that your efforts are recognised and rewarded in a fair and equitable manner. We appreciate your understanding and support as we navigate through these challenging economic times together.

Thank you for your continued commitment to our company. We remain dedicated to your growth and well-being, and we believe that this salary increment will help alleviate the financial pressures caused by rising inflation. Signed, LII

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