Employee happiness is key to the lasting success of every company, so if you notice a drop in morale, it’s important to take action right away. Actively disengaged employees cost the U.S. $450 billion to $550 billion per year, according to a 2014 Gallup poll. Clearly, you can’t afford to have a staff of disgruntled employees.

You can try to investigate and figure out what’s wrong on your own, but you’re much better off going straight to the source. Talk to your employees and ask what’s causing them to feel such discontent or take the indirect route and send a survey around to everyone. When you know exactly what the problem is, you can work to resolve it as quickly as possible.

4 Ways to Boost Employee Morale

Need a little help raising job satisfaction levels? Follow these four tips to make low morale a thing of the past:

  1. Listen to Your Team

People want to feel like their opinions are heard. Ask your team for feedback on a regular basis and do your best to implement their suggestions. Knowing your boss truly cares about you and values your thoughts really goes a long way.

  1. Acknowledge Great Work

You’ve probably grown so accustomed to your team producing great work that you don’t think twice about it anymore. However, even the best employees appreciate recognition for a job well done. Make a point to compliment people who exceed expectations by calling them out in a staff meeting or writing them a thoughtful email. A little acknowledgement goes a long way.

  1. Pay Fair Salaries

Paying below market salaries may help you cut costs, but as a result your employees might need to get second and third jobs to make ends meet. This can lead to an exhausted, overworked team who grows to resent their jobs. Your best employees know their worth and if you’re not willing to pay up, they’ll have no trouble finding another company that will be happy to do so. Use sites like Salary.com and the U.S. Bureau of Labor Statistics to learn the market rate for jobs in your area and finally pay your team fair salaries.

  1. Promote from Within

It’s beyond discouraging to work hard in hopes of getting a promotion, only to have the job to go a third-party candidate. Expect morale to decline if people realize they have little-to-no hope of growing their career at your company. Combat this by making a point to always try to fill upper level positions internally, before looking for outside talent.

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