The Top 3 Ways To Boost Employee Morale
Low morale can also result in high employee turnover, which, in turn, can cost a business money when having to hire and train new employees.
A happy employee is a more productive employee, and unhappy employees can actually be detrimental to the economy. In fact, the Gallup Organization estimates that there are approximately 22 million actively disengaged employees costing the economy as much as $350 billion dollars per year in lost productivity, including absenteeism, illness, and other low-morale issues. Low morale can also result in high employee turnover, which, in turn, can cost a business money when having to hire and train new employees. Furthermore, studies claim it may take a new employee 1-2 years to reach the productivity of an existing employee.
