How Team Building Companies Increase Your Profit

Team building activities have come to evolve from company picnics and karaoke nights to more thrilling events like escape room races. From large corporations to local start-ups, it’s a great way of encouraging cohesiveness, efficiency, and a positive working environment in the office.

Team building activities have come to evolve from company picnics and karaoke nights to more thrilling events like escape room races. From large corporations to local start-ups, it’s a great way of encouraging cohesiveness, efficiency, and a positive working environment in the office.

Not limited to corporate team building venues, these exercises can take place outside the office, at gyms, parks, convention centers, or even restaurants of your choice.

But why are companies investing so much in team building activities? Apart from allowing everybody to take a much-needed breather every now and again, it helps foster a healthy working environment for everybody in your office, which positively impacts your overall profit. 


How exactly can a team building event do that? 


It builds relationships


If there’s anything that can make or break a company, it is making sure that your employees are able to work well with each other. There’s no sense hiring brilliant people, only to have them despise working with together. According to recent stats compiled by Officevibe, companies that ensure employees are aptly engaged earn up to 2.5 times more than companies with a low employee engagement level.

At the very core, team building is all about making sure everybody’s in sync at the workplace. This isn’t exclusive for employee-to-employee relationships, either. Team building also works at building trust between supervisors/managers and the teams they’re managing. And it turns out fostering relationships and building a bond of trust can have a real impact - According to a 2015 report by global analytics firm Gallup, relationship building can boost employee engagement by up to 39%.


It improves communication


A large contributor to a successful working environment lies in effective communication between everyone at the office. It has been reported that over 85% of all workplace failures are due to the lack of collaboration and ineffective communication between co-workers. This goes to show that just like with any other relationship, effective communication is a key ingredient in successful workplace relations - which you already know. But how do you convince and train your team to effectively communicate with each other?


You can tell them directly, which we know is ineffective, or you can do this in a different scenario, that’s indirect and fun! Team building activities require employees to communicate with each other in order to resolve the task at hand, making it great for helping people get over any fears of verbal and non-verbal communication at the office. If an employee is typically shy and doesn’t interact much with co-workers in the strict and formal confines of the office, then saving the world from aliens, solving puzzles and beating the competition outdoors is a fresh new approach with companies like Escape Room Races. This can be a great start for everyone to come out of their shell and become more comfortable with each other.


It boosts creativity


No matter the industry - from generating a new sales strategy to creating killer content, allowing your teams the chance to flex their creative muscles can pay off big time. Companies can learn from Google, 3M, and Gore and Associates, for example. These large companies are known to allot employees with time to get away from their day to day routine at work to come up with new ideas. These companies all credit this allotted creativity time as being crucial to the forming of some of their most successful products.

Team building activities are the perfect opportunity to achieve this as it puts employees in a new environment that’s different from the monotony that comes with day-to-day office life. Investing the time to hold regular team building events is a worthwhile investment in the creative future of your business.


It establishes a good foundation 


At the end of the day, your employees are the foundation of your company’s success. Investing in the best team building activities for them ensures that they’re happy, collaborative, and productive. And when your employees are happy and productive, your company is profitable. 


Increasing profit doesn’t have to mean increasing pressure and beating your employees down. There are many tried and tested ways that won’t only make your company more profitable, but make you and your team happier.

                                                                                                         


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