Employee morale and employee retention go hand in hand. If employees do not feel motivated at work, they will most likely start to look for a new job elsewhere. Tracking employee morale is essential for measuring retention rates within a company. The only precise way to measure employee morale is fairly easy: ask the employees directly.
A few weeks ago there were well-publicized reports of the planned and implemented increase to Wal-Mart’s minimum starting pay rate having a very negative effect in the workplace.