There is no disputing the fact that strong office relationships lead to improved job satisfaction and a more successful work environment. This is why team building is so important. The more engaged your workers are, the more your company culture will benefit and the more you will boost your bottom line. Here are some other ways team building is a smart investment.
Stop us if you’ve heard this one before: Your IT department decides to implement a change and fails to include all of the stakeholders in the decision-making process. Now, your Customer Service team and other departments are left cleaning up a mess that could have been avoided with a little proactive collaboration. Meanwhile, the fix is cutting into your profits. When you participate in interdepartmental team building activities, collaboration is more likely, and you’ll avoid mistakes that stem from a lack of communication. Collaboration can also help you a achieve the sought-after synergy effect.
Speaking of communication, most executives agree that the key to business success is effective communication skills. In the Information Age, communication is a critical component. In fact, a global consulting firm found that between 2004 and 2009 organisations that communicated effectively had a nearly 50% higher return to shareholders. Effective internal communication helps companies deliver superior financial performance to shareholders, supply consistent value to clients, and retain key talent.
At some point, every team or group goes through a conflict of some sort. Referred to as “storming,” conflict is one of the five stages of team development. It typically occurs during the early stages or as a group is initially forming. This is because team members compete with each other for acceptance of their ideas and for status. Through team building, your employees can learn to embrace conflict as a way to evaluate and generate ideas.
Trust is a must for an effective organisation, an effective team, and an effective relationship. Workers must have confidence in one another for an organisation or company to do well. But, there is no way to force people to trust each other. However, through team building exercises, you put employees in situations where they can learn trust. When people get out of their comfort zone, you can break down barriers and build trust. And, this will have a positive impact on your bottom line in the long run.
When you take all of these factors into consideration, it is easy to see why quality, meaningful team building excursions are worth every penny of their price tag.