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29 Data-Driven Ways You Can Improve Employee Morale Right Now

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood
Editorial Note: Fundera exists to help you make better business decisions. That’s why we make sure our editorial integrity isn’t influenced by our own business. The opinions, analyses, reviews, or recommendations in this article are those of our editorial team alone.

As a small business owner, you’ve likely mastered the self-management techniques necessary to be your own boss. If you’ve grown your business enough to require employees of your own, it can be exciting to bring on new members to your team. However, learning to successfully manage others is a unique challenge that takes practice and patience. No matter if you’re a large business or only managing two other people, being in charge of others can be challenging — and incredibly rewarding.

It’s important to make sure your employees have the tools, skills, and experience they need to be successful in the role, but it’s also essential to your job to make sure you’re managing their morale. Low morale can be caused by high stress, infrequent praise, overly aggressive management styles, and poor communication. Employees produce their best work if they feel supported, appreciated, and rewarded. High employee morale reduces absenteeism, increases productivity, and lowers employee turnover. This is the reason why organizations with engaged employees outperform those with low engagement by 202%.

There are no hard and fast rules that will work to raise the morale of every employee, and it’s important to remember that you can learn everything you need to about managing your employees, from your own employees. Stay engaged with your workers and show them that you care about their happiness just as much as their productivity. More than running a good business, keeping your employee morale high requires being a good boss.

Keep reading if you want some tips on how to maintain high morale while growing your business:

Sources:
Forbes | Entrepreneur | Paycor | Entrepreneur | Globoforce | Mckinsey | CCL.org | DynamicSignal | GetBridge | TheLadders | Salesforce | SHRM | Gallup | CornerstoneOnDemand | Forbes

Meredith Wood

Meredith Wood

Vice President and Founding Editor at Fundera
Meredith Wood is the founding editor of the Fundera Ledger and a vice president at Fundera. She launched the Fundera Ledger in 2014 and has specialized in financial advice for small business owners for almost a decade. Meredith is frequently sought out for her expertise in small business lending. She is a monthly columnist for AllBusiness, and her advice has appeared in the SBA, SCORE, Yahoo, Amex OPEN Forum, Fox Business, American Banker, Small Business Trends, MyCorporation, Small Biz Daily, StartupNation, and more. Email: meredith@fundera.com.
Meredith Wood

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