1. #1
    Unregistered

    Unable to reward my employees due to financial problems

    I am the employer of a small private firm. I have always been encouraging my employees for their efforts and hard work due to which our company has been such a success. But now due to some financial setbacks, I am unable to reward them for their efforts. How to motivate them even during such circumstances?

  2. #2
    ealp Array
    Join Date
    Oct 2012
    Posts
    250

    Re: Unable to reward my employees due to financial problems

    Dear sir you have the good motivation for your employees indeed this is the real reward, instead you will get always cooperation from them. because they are educated they know due to financial problem you are not in a position to reward them, the main thing you have the good wishes for them, foe their sincere efforts to improve the over all position of your small company.

    For this you all assemble in a place an and communicate all about your sincere effort for them, also tell or commit
    if there is stability in the firm you will give them reward.Also express your good wishes for their sincere effort
    to develop the position of the company.Indeed friendly relation/good wishes/good effort can bring peace prosperity today or tomorrow.

    Thank you,

  3. #3
    luv Array
    Join Date
    Dec 2012
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    268

    Re: Unable to reward my employees due to financial problems

    Hello..

    You are doing the best thing by which you can have more success and that is motivating people and employees of your firm. Friend, I know that giving something as a reward will surely motivate them , but you should motivate them by your words too , because as you are saying that now this time due to some financial setbacks, you are not able to give them reward, but you have you motivating power "your words", motivate them for their future , their dreams and for their achievement , if they are performing well they will do it again and again no matter you are giving them some materialistic things or not. You can give them high visions and that will work.

    thanks.

  4. #4
    shivagarwal Array
    Join Date
    Apr 2013
    Posts
    132

    Re: Unable to reward my employees due to financial problems

    It is very kind of you that you appreciate the work of your employees....If presently you are facing financial setback ...then you employees will also understand this, they will not blame you for not giving any reward...But on your part you should ensure them that they will get something when everything will become right....Till then try to encourage them by providing some sort of participation at decision level, making them feel job satisfaction,...means provide them psychological encouragement.

  5. #5
    jazzy.panesar Array
    Join Date
    Apr 2013
    Posts
    57

    Re: Unable to reward my employees due to financial problems

    dear friend
    this is the time to talk with them and tell them about your situation
    so this is the time to attach with them emotionally
    motivate them about there hardwork and tell them about the old days when you were on top
    thnx

  6. #6
    shekhar143 Array
    Join Date
    May 2013
    Posts
    2

    Re: Unable to reward my employees due to financial problems

    treat ur employees like a family , and discuss ur financial problem with them if they trust u , then definetly they would understand it , and promise them to give some more bonus..at the time of next profit..& and keep ur promise thid way u can build up their trust on u..which will be helpful in future under such circumstances like this.

  7. #7
    james786 Array
    Join Date
    May 2013
    Posts
    7

    Re: Unable to reward my employees due to financial problems

    You are doing the best thing by which you can have more success and that is motivating people and employees of your firm. Friend, I know that giving something as a reward will surely motivate them , but you should motivate them by your words too , because as you are saying that now this time due to some financial setbacks, you are not able to give them reward, but you have you motivating power "your words", motivate them for their future , their dreams and for their achievement , if they are performing well they will do it again and again no matter you are giving them some materialistic things or not. You can give them high visions and that will work.

  8. #8
    G.one Array
    Join Date
    Jul 2012
    Posts
    677

    Re: Unable to reward my employees due to financial problems

    It's not only monetary considerations but other monetary considerations also enhances the morale of people. It can understandable that due to lack of financial resources, you are unable to provide them financial help. However you can appreciate them by praising them for their Work. Apart from it, you can provide them certain awards or momento which will work in your way. You can promise them once the company becomes financially stable, bonus will be provided. So different measures can be taken to encourage the employees to work efficiently.

  9. #9
    manojbadoniya Array
    Join Date
    Jan 2013
    Posts
    802

    Re: Unable to reward my employees due to financial problems

    Dear sir, this is more than enough that you always motivate them and provide rewards for their efforts to the profit of the company because you also know that there are so many companies and employers in India and world who don't care about their employees and if employees ask for something much then they threatens them to fire that is why most of the companies are not good for employees and in this rush situation, you have maintained your company well and providing enough but this time you do not have enough financial assistance, then you do not need to worry about this because if you and your employees are frank with each other and understand everything well then you do not need to think about that they are not getting their rewards, they are getting enough because you cares for them and you should share your financial status with all employees and make them understand that this time, you will be unable to pay the incentives and rewards because of unavoidable financial circumstances and this is really critical situation for the company and if you all will co-operate with us then we can get rid of this situation and may take our company back on the road of profit that is why I need your assistance and to full fill the dream of the company, I need your help and this dream can not be completed without your help and also motivate your employees to provide good performance

    All the best

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