Subject: Notification of Changes to Payroll Policy Effective from January 1, 2024

Dear [Employee’s Name/Team],

We are writing to inform you of recent changes to our payroll policy, which will take effect starting January 1, 2024. These updates have been made to ensure compliance with regulatory standards and to streamline our payroll processes.

**Key Changes Include:**
1. **Payment Frequency**: Salaries will now be disbursed bi-weekly instead of monthly. The first bi-weekly payroll cycle will commence on January 12, 2024.
2. **Overtime Calculation**: Overtime pay rates have been adjusted to reflect [specify new rates, e.g., “1.5 times the regular hourly wage for hours worked beyond 40 per week”].
3. **Deductions and Contributions**: Updates have been made to employee benefits contributions, including health insurance and retirement plans, to align with the new policy.

Please review the updated payroll policy attached to this email for full details. If you have any questions or concerns regarding these changes, feel free to reach out to [HR contact or Payroll Department] for further assistance.

Thank you for your attention to this matter.

Best regards,
[Your Full Name]
[Your Position]
[Your Company]
[Contact Information]