Questions like these are one of the reasons small businesses make a difference. When leaders ask, "How can I tell my team I appreciate them when cash isn't available?" The authenticity in these situations is crucial. Also, investing in the relationships on your team and reminding them how grateful you are they're part of the journey in growing your business.
Glenn Wagner
4d
Most of the time, upfront HONESTY and showing true appreciation for employees will go a long way.
Interim IACUC Chair, Senior Manager, Vivarium Operations and IACUC Administrator at Enanta Pharmaceuticals
3dA handwritten letter and a few minutes to connect "how is your family", "how are the kids" "how is......". Add in maybe some homemade treats. Then hold a meeting with all the staff and explain why there are no raises, and how, moving forward you will work with that goal in mind. Thank them again for all their hard work and dedication. Mean it, say it from the heart, not a script. Most will understand and it will mean quite a bit to them. But make sure next year, you meet that goal of a raise or a bonus!