Every single company without exception is in business to make profits; organizations are constantly trying to boost their bottom lines by adopting various measures, boosting employee morale is one of them. It is common knowledge when workers are 
happy they generally tend to be more productive. Now flip this over, you will see that unhappy employees are slack, less productive, display more absenteeism and thus come across as a detriment to flourishing business interests.
Steep Price
If things come to a point where they must walk out the door, a steep price needs to be paid in terms of turnover costs, over several months and years both in financial as well as skill terms. It may not seem substantial but turnover costs for entry level employees are in the range of one third of the annual salary and up to four times the annual salary for higher level employees. To nip the problem in the bud and prevent it from snowballing and spiraling out of control we need to heed certain dos and don’ts.
A Dip in Profits
Essentially there are certain things we must do and certain others that we need to refrain from in order to ensure 
smooth functioning at the workplace. Improving morale need not cost you a fortune, or an astronomical hike in salary or any hike for that matter. It entails going for certain traits and behaviors while avoiding certain others at any cost as they kill employee morale and lead to loss of enthusiasm, motivation productivity and most important of all profits.
Rewards and Recognition’s
Recognizing and rewarding employee behavior goes a long way in retaining them when they 
are at their productive best. You need to go ahead and show employees the fruits of their labor the results of their hard work by way of timely appreciation, rewards and recognition’s. The end result of an employee’s hard work is an incredibly rewarding experience to witness, it makes the employee more passionate about the work they are doing wholeheartedly all along.
Delegate Responsibilities
Delegate responsibilities to employees, but first go ahead and find out the impediments and obstacles in t
he way of success. Never ever treat an employee as a mere resource, rather go ahead and treat them as people. Try and learn their names, send them flowers when they happen to be unwell, this goes a long way in motivating them and boosting their morale. It helps if the top management is around and available to listen and engage with the employees.
Be Genuine
Senior managers must adopt a positive attitude at all given times, and keep the 
staff in the loop, while being transparent. Find out what motivates employees, the things they value and their index of success. Implement the suggestions and the employees would feel even more appreciated and rewarded that goes beyond token monetary considerations. Above all be genuine and make the office a fun place to work, then nobody would feel like leaving.
Final Words
Ensure you avoid certain pitfalls like making people overwork or holding them back from advancing to serve your vested interests. Never withhold praise or get in the way of people eager to pursue their passions. A pat on the back works wonders and helps top performers get intrinsically motivated. For your best people to stay by your side you need to create an atmosphere where people would want to work with you, great employees may come across as tough as nails however their talent opens lot many doors of opportunities and lays down a plethora of options, it is always better to retain an existing employee rather than go for someone new, and the best time to do that is right here and now.
