High employee morale is an important component of a satisfied employee. Because morale affects so many aspects of a company, it should be constantly monitored by management. It's no secret that employers are on the receiving end of the benefits that result from people being happy at work. Companies also need to remember that low employee morale can have a negative effect on their bottom line.
High morale is important because of its role in keeping absenteeism low. Employees are much more likely to call into work, even when they aren't sick, when they want to avoid the office. Employers can't expect to get the most out of their employees if they aren't even there. In some workplaces, such as restaurants, other employees need to be called in when people are absent. This can lead to a scheduling nightmare as well as poor customer service if the establishment is understaffed.
On a similar note, unhappy employees are more likely to quit. This costs the company money in terms of constant hiring and training of new workers. If a company has good workers, it is much easier to make adjustments to keep those employees happy than to replace them. People who love their work are less likely to separate from employment.
A company that is known to have low morale may find themselves unable to meet staffing needs. Job searchers are less likely to apply for a job at an employer they've heard bad things about. If employees are unhappy, they commiserate with each other. This can make discontent spread around the workplace. Employees may also discuss their dissatisfaction with family and friends, which can lead to fewer applicants in the long run.
Productivity is positively affected by morale. Happy employees are productive and work hard to make their employers money. If employees have positive feelings toward their company, they will want their employer to succeed. If they feel the company's success will result in positive results for them, they will work hard. One great tool adopted by some of the world's largest companies are corporate awards and trophies designed to recognize and motivate staff members. Crystal awards are very popular and frequently used to honor top achievement.
Satisfied employees pay more attention to detail. If staff members actually enjoy their work and are interested in it, they will be more attentive. Fewer mistakes are made by employees, which translates into higher profits for the company.
Low employee morale often leads to employees working slower because they don't have the desire to hustle. In business, time is money. If workers are being lazy or just working slower than needed, this will cost the company. Employers should try to increase employee morale if this is the case. If employees can be convinced that they don't want to let down their team, they will be more motivated to do their fair share.