What is The Direct Link Between Morale And Profits?

Published on 05/03/2019

Morale & Profit

When you think about the main aims of a business, what do you think about? Profits and growth, without a doubt. There are many ways to achieve those aims, but have you ever taken much notice of the very real link between staff morale and an increase in profits?
It’s not all about high powered marketing campaigns after all!

When your staff feel valued and appreciated, they will want to work harder for you. It’s really that simple. That means more ideas coming your way, and creative solutions to problems. This can also give you a very real edge over your competitors!

Creating the right type of working space for your employees is a very easy step in increasing morale. You don’t have to spend a huge amount, you can easily find discount contemporary office furniture for less than you might think. Nice office furniture isn’t only about ‘oh this looks nice’, it’s about creating a supportive and inspiring environment for your staff to enjoy attending every day. 

According to research, increasing your employee morale could directly increase your finances by around 4.5 times.
That’s a huge amount! Spending a little cash on creating a favourable space, perhaps with some office breakout furniture, really pales in comparison when you think about it that way. 

Remember to ask your employees their opinions on the workspace, and how they think it could be improved, e.g. whether they want a modern or a retro style. That in itself creates a sense of worth, directly impacting on morale.

Can you think of any interesting ways to increase morale? 

 

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