You know that your employees are your best resources but do you know if they are truly happy working for you? Do you know how to motivate your employees?
Giving a raise to an unhappy employee does not always make it better. Direct financial rewards will only make a short term difference. Start asking and listening to figure out the source then address it directly. Sometimes the cause is the work environment that needs improvement.
When you are trying to raise general morale, give time instead of money. Look for ways to improve staff working situation such as giving them some extra time off, more flexibility in their hours and offer them direct and meaningful compliments for good work.