Develop a meaningful employee reward program. This program should relate to performance, achievements, teamwork, lack of errors, perfect attendance, or other important events employees may participate in. Setting some goals and providing employees an opportunity to "shine" in their work is a boost to both morale and motivation. For example, one could set up a monthly sales competition for the team with the most revenue generated. The winning team would receive a trophy and individuals would receive a gift of choice. This builds both teamwork and a challenge.
Form a work enhancement (ways to make the job duties more interesting) team. This team should contain members of each department to discuss the jobs within the departments and how they could be more interesting. Perhaps they could come up with a change in the flow of the work or a new piece of equipment to use. A new training class can also relieve some of the possible boredom.

Blow Me

Morale and motivation are two most important things which helps to increase your productivity,attendance issues and spread negative vibes to co-workers and even customers. For boosting morale and motivation of the employee do following things :
Reward employee for exceeding expectations.
Provide feedback for regular performance.
Use "we" language.
Always celebrate success.

For boosting morale and motivation of employee, Show interest in your employees' personal lives leads to employee satisfaction. Knowing enough about your employees to ask about their families as you pass in the hall, empathizing with their hardships and treating them as people rather than commodities gives them a feeling of worth within the company.