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The feel-good factor: How volunteering can boost office morale. Giving employees time off to volunteer, or funding their philanthropic work, is an easy way to improve morale at work. Some people sit on a beach when they have paid time off from work.
Quick Answer. Promotion is important to help motivate employees and provide them with an incentive to keep working hard. Many employees are lured away from a company to a competitor by better opportunities, so firms need to offer promotional resources that enhance retention.