Employees are more than just assets to your business; they’re living, breathing individuals who desire basic human connections, like community, friendship, camaraderie, and the list goes on. Recent reports have shown when companies invest in engaging their employees, they earn up to 2.5 times more than companies that leave their employees as anonymous members of the team. Additionally, employees who engage in team building and bonding with fellow coworkers are 87% less likely to leave the company. Turnover can be a huge problem today, forcing companies to continue training their workforce.
Forbes has even stated that teambuilding is the most important investment you can make in your company right now.
Here are just a few of the benefits of investing in human capital:
- Collaboration: No matter your business, industry, product, or service, everything is a result of collaboration. Nothing can be created without input and support from different experts and professionals. The most successful businesses foster collaboration between departments, creating the best solutions in the world as a result. We may not be geared to behave collaboratively while trying to climb the corporate ladder; but, we can be introduced to the benefits of working as a team along the way.
- Retention: People are more than their job titles; they desire to laugh, smile, and share human empathy and emotion with other individuals in the office. In many cases, people spend more time with their coworkers than with their actual families. By investing in team building exercises, as the study above pointed out, you’ll enjoy a higher rate of employee retention. Keeping your trained employees in place will lay a solid foundation that remains constant throughout the years.
- Motivation: Teambuilding is a great way to drum up a little motivation and healthy competition between coworkers. Although not everyone responds to competition, studies have shown it’s a great way to get people motivated –- especially in boring office settings. You can set up competitions, like project submissions and other contests, that are office wide, encouraging collaboration between teams to come out as a victor. As a result, they’ll learn new skills and get to know their teammates on their quest to victory.
Workplace Team Building
Forget new computers, an extra coffee machine, or a relaxed dress code this summer; instead, consider the sweeping benefits of investing in the overall happiness and engagement of your employees. Coordinating everything from picnics or paint parties, to hikes, intra-office competitions, and camping trips, are a great way to get your workforce moving and feeling excited about their position. Communicative and collaborative employees will produce the best results, time and time again. Not to mention, they’ll be more likely to stick around and watch your company grow.
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