[Date]
Dear [Employee name]:
The [Company name] executive team has completed a review of all business goals, objectives and processes in order to find ways to decrease expenses, increase revenue and protect the future well-being of [Company name]. As a result of this analysis, and in an effort to manage company assets conservatively, the executive team has made the difficult decision to forego salary increases for all employees until further notice. This was an extremely tough decision, and we understand the impact this will have on you and your family. Please know that we considered several other alternatives, and the choice we made is the best option at this time and will have the least impact on our employees overall.
The executive team will continue to monitor [Company name] finances and reevaluate the potential for merit increases each quarter this year. We believe the outcome from this measure will better position the company for a solid financial future.
We appreciate all of your hard work, and we know we will have your support as we all strive for continued business success. Should you have any questions, please don't hesitate to speak with your manager or contact human resources.
Sincerely,
[Name]
CEO/President
[Company name]
Related Content
As artificial intelligence technology continues to develop, the demand for workers with the ability to work alongside and manage AI systems will increase. This means that workers who are not able to adapt and learn these new skills will be left behind in the job market.
A vast majority of U.S. professionals say students entering the workforce should have experience using AI and be prepared to use it in the workplace, and they expect higher education to play a critical role in that preparation.
Advertisement
An organization run by AI is not a futuristic concept. Such technology is already a part of many workplaces and will continue to shape the labor market and HR. Here's how employers and employees can successfully manage generative AI and other AI-powered systems.
Advertisement