Why Your Business Will Benefit from Investment in Team Building

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Employers can often become worried that their employees and management teams are not working efficiently with one another. Organising team-building activities outside of the office could be an extremely worthwhile solution. Purpose created activities can encourage higher levels of productivity and an increase in positive attitudes towards work alongside being motivational and improving the general happiness of the workforce throughout your business. 

Here are three reasons guaranteed to motivate you into considering making team-building a key part of your business plan going forwards:

1. It enriches communication

A survey conducted by ClearCompany has revealed that a lack of collaboration or ineffective communication has been linked to 86 per cent of all workplace failures cited by employees and executives. Furthermore, detailed in a study by HerdWisdom, 33 per cent of employees believe a lack of open communication will have the most negative impact of employee morale.

Successful communication is vital to team-building exercises, team members need to talk and discuss options in order to resolve an issue that they have encountered. Communicating in these scenarios could lead to barriers been broken — employees being shy to talk to each other for instance — which then carries through when staff members are back in the workplace.

2. It promotes teamwork

Almost 70 per cent of respondents to a study led by the University of Phoenix have identified that they feel they’re part of a dysfunctional team. Alongside this, data collected by Gallup states that poorly managed work groups are on average 50 per cent less productive and 44 per cent less profitable.

Statistics such as this underline why it is crucial to ensure teams are working together in an effective way. Team-building events will do this, as they teach participants about how working together will improve the efficiency of all members involved – for example, how one team member can help another one’s weakness. Impact International, a global creative change agency, run teamwork events in which teach organisations how to get things done through teamwork.

3. It enhances engagement

When researching statistics related to disengaged employee, Officevibe, discovered and reported that employees who have a high engagement level are 87 per cent less likely to leave a company than those who have a low engagement level.

Mark Jones, the managing director of conference centre venue and hotel, Wyboston Lakes, was also keen to add: “Any organisation will benefit from an engaged workforce; employees that are committed, passionate and inspired by their performance will, of course, generate superior customer service and increased profitability.

Days organised around team building activities are highly likely to increase the engagement levels of your workforce, as they bond with each other through learning how to work efficiently in a team environment. Friendships could also develop during these events too, with research by Gallup claiming that having a close friend at work can increase engagement by 50 per cent.

You may also like: Why managing employee leave properly matters

Sources

• http://www.totalteambuilding.com.au/the-positive-impact-of-team-building/
• http://govitru.com/workplace-statistics/
• https://www.corporatechallenge.com.au/blog/12-benefits-team-building