Companies focus on high efficiency and cutting costs. On lesser known cost to a business is low company morale. Low company morale leads to high turnover rate of employees costing companies in both time and money to train new employees and interview for open roles. Another intangible cost is in the lower productivity that comes with low team morale.

But wait... There are things that can be done!

The top ways to improve morale are as follows:

1. Celebrate the victories

2. You guessed it... Team bonding activities

3. Office parties

4. Remembering that your employees are humans too

5. Employing feedback