You might have read about the types of employee morale, the factors affecting it, and how to improve it.
But how familiar are you with how morale affects performance and productivity?
Morale is the “overall outlook, attitude, satisfaction, and confidence that employees feel at work.” In more basic terms, happy employees out-earn and outperform their competitors. Here are seven major benefits of high employee morale:
1. High employee morale results in increased teamwork. As a result, individuals are more inclined to work collaborate. They also feel more secure in their role and invested in your company, making them motivated to work hard and accomplish more as a team. They want your company to thrive. They have a shared vision and know teamwork will ensure your organization’s long-term success.
2. Companies with high levels of employee morale have better retention. The cost of high turnover can be overwhelming—especially when you’re constantly trying to replace employees with particular and desirable skill sets. Employee satisfaction and retention rates are key performance indicators for business success. High morale helps you keep hold of valued team members.