Staff morale is important when it comes to running a business. Research has shown that if you have happy workers then they are more productive and put more care and attention in to the task they undertake.
Often pay is one of the main things that can affect job satisfaction, so it is important to regularly have reviews with your employees and talk to them about wages. If you think they are doing a good job and you can afford to pay them a bit more then offer them a pay rise as it will often go a long what in building up a good working relationship.
Always try to have an open door policy that will allow your employees to come and talk to you should they have any issues. This means that problems can be sorted out quickly rather than leaving them to fester and becoming bigger issues.
Having days out of the work place is also often a big morale booster and can help team members bond together. Something as simple as going bowling or doing a team exercise such as raft building will allow staff some down time but also to be able to get to know their colleagues and management.