When was the last time you sat in a meeting, glanced around, and thought, “Wow, we really need to work better as a team?” If the answer is “pretty recently,” you’re not alone. Many organisations grapple with the same challenge. Enter the world of team building, where the magic happens, or so they say. But, are company team building events really worth it? Let’s delve into the value, frequency, and overall worth of these activities.
What is the Value of Doing Company Team Building Events?
Imagine a workplace where colleagues collaborate seamlessly, communicate effectively, and support each other. Sounds like a dream, right? Well, team building is the bridge to that dream.
Firstly, company team building events are designed to break down barriers. According to recent statistics from PWC, nearly 70% of organisations that successfully adapted over the past year attributed their success to a strong organisational culture. Team building fosters this culture by creating a safe environment for employees to express themselves and connect on a personal level.
Moreover, when employees feel valued and part of a team, their engagement levels soar. Highly engaged employees demonstrate an increase in productivity compared to their less engaged counterparts. This is not just a statistic; it’s a game-changer for businesses looking to stay ahead in a competitive market.
Is Team Building Worth It?
Now, let’s get to the crux of the matter: are company team building events worth the investment of time and resources?
The short answer is a resounding yes. Team building events are not just about having a good time; they are strategic investments in your workforce. For instance, 72% of employees rated their workplace culture positively, and much of this positivity stems from regular team interactions and activities that promote a healthy work environment.
Remember, teams that are highly engaged show a 43% reduction in turnover.
Additionally, let’s talk about mental health and wellness, which 42% of employees see as key factors in improving company culture. Team building activities provide a break from routine work, reducing stress and promoting overall well-being. This, in turn, can lead to fewer sick days and a more energised and motivated team.
How Often Should You Do Company Team Building Events?
Frequency is key when it comes to team building. Too infrequent, and you lose momentum; too often, and it can feel like a chore. So, what’s the sweet spot?
Ideally, quarterly team building activities strike a good balance. This frequency ensures that team members have regular opportunities to connect and develop their working relationships without it becoming burdensome. Team Building Activities can be scheduled to align with quarterly goals or project completions, offering a perfect way to celebrate achievements and refocus the team.
For companies with remote or hybrid teams, more frequent, smaller-scale activities might be beneficial. Nearly 70% of remote and hybrid workers view their workplace culture positively, compared to 58% of on-site employees, suggesting that regular virtual interactions can significantly enhance team dynamics.
So are Company Team Building Events worth it?
In conclusion, company team building events are not just worthwhile—they’re essential. They play a crucial role in fostering a positive workplace culture, improving communication, and boosting overall productivity. With strategic planning and regular implementation, team building can transform your organisation from a group of individuals working alongside each other to a cohesive, high-performing team.
At Zing Events, we’re not just about fun (although that’s a big part of it). We’re about creating impactful experiences that resonate long after the event is over. So, are company team building events worth doing? Absolutely. Embrace the evolution of corporate team building with us and watch your organisation thrive.
