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Increased turnovers, costly decreases in productivity and overall employee dissatisfaction are all ramifications of low morale in the workplace. Moral is a vital component of any organization or business for it to thrive and achieve success.

Here are five ways to improve workplace morale easily and inexpensively that will boost your team's performance and lower levels of tension and stress.

Install a Humor Board
Most every office has several memo boards for important work-related information, some pleasant, some not so pleasant. Install a memo board in a neutral location that is specifically for people to post jokes, cartoons, funny pictures or amusing anecdotes. This way everyone can get a little laugh after arriving for work on a dreary Monday morning.

Adopt Flextime Schedules
If possible, work out a way for employees to have more flexibility in their schedules. You may be surprised at the amount of stress that can be alleviated by this one thing. With daycares and households with two working parents, and possibly only one vehicle, this small move can be monumental to some people. Work out a schedule or system for employees to leave an hour early or come in an hour late on certain days. Alternate days and times so that everyone gets an opportunity to benefit if needed.

Get Away From It All
Hold meetings and conferences at a location away from the office if at all possible. A restaurant or local park would be a welcome alternative to a stuffy boardroom on a clear, spring day. People may be more alert and more receptive to the specifics of the meeting in another less stifling environment.

Share the Wealth
Offer employees incentives to "coach" their co-workers on their lunch or break times. Incentives could come in the form of paid time off, gift certificates to stores or restaurants, movie tickets or even small, simple mementos to show appreciation. This is a morale booster in a few ways; firstly, new or confused employees can glean valuable information from their more experienced colleagues and secondly, it may make the "coach" feel better about their job, themselves and their performance.

Offer Contests and Awards
Special days such as "Ugliest Outfit Day" or "Best Disguise Day" or "Funniest Story Day" can be a way to lighten the mood for a bit and encourage communication between employees. Offer "awards" which can be simple prizes and certificates given to the winners to display.

Boosting employee morale doesn't have to be expensive or involved. Even contagious cheerfulness on a regular basis can mean the difference between a dour workplace and a welcoming, productive one. Ask the employees for their ideas and listen to their thoughts. Work out a viable plan that will motivate them and make them more productive and happier at the same time.