Answer to Question #56172 in Management for rini

Question #56172
You are heading a 250 member medium sized company that had a fantastic year. Everyone pulled together and worked hard to give a big boost to company profit. Unfortunately due to rise in input cost you are forced to increase only 3% rise in salaries and appraisal time. How would you communicate praise well done coupled with your limited ability to reward such outstanding performance?
Now assume you can afford to hand out some handsome bonus. So what could be the best way to evaluate employees when everyone has done exceptionally well.
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