When planning the future of your business, it’s essential to consider the financial constraints and potential outlay.
Of course, there are essential costs which it would not be possible to manage a business without investing in. Without materials, utility bills, staff salaries and machinery no business can succeed but there are also costs which are often quibbled such as advertising, marketing and team building activities.
Of course, there is the argument that these non-essential costs can easily be forgotten, especially at a time when the cost dictates whether a business will survive or flounder.
However, these seemingly non-essential investments such as team-bonding events can be just as essential for the future and success of a business as buying in raw materials. The reason for team building is to strengthen the relationships within the workforce and this can have many benefits for the manager or owner of the business. Because team building events can take on so many forms, from building a contraption to navigating across a rural area, there are many options and it’s well worth considering that, rather than cutting the event altogether, you as a business manager can simply trim the cost without losing the many benefits:
It goes without saying that if we like people and have had the opportunity of engaging with them, we are more likely to work efficiently and in harmony with them. Therefore an opportunity to take the members of your team out of their normal working roles and encouraging them for forge different relationships with each other will only benefit you in the long term.
Not only will they have the opportunity to realise the various skills which their co-workers have (which they may be unaware of) but they will be able to identify new roles within the group, and how they can best fit within the new dynamic.
It’s worth considering that a few hours of a seemingly unproductive activity, you could increase productivity significantly making your investment immediately worthwhile.
Morale and Trust
Although they’re often seen as being a little “old hat”, the various exercises which build trust and morale between team members can be invaluable to you. Not only are happy workers with strong relationships more likely to work happily together and solve problems effectively rather than raising grievances, but they are likely to be more efficient as the teamwork exercises have helped them to identify the strengths and weaknesses of their team members.
Furthermore, you may notice that the workforce has naturally split into groups which, whilst might exist for social reasons, are not productive or conducive to your business. Seeing the team working with people outside their normal social or work group may give you a much better insight into how they would work in a team of your choosing rather than theirs – and the results could be hugely beneficial to you.
Lower Recruitment Costs
Not only is it a costly exercise to recruit and find new staff members but their initial training can be an extremely costly affair. Therefore, from a practical point of view, it’s better to invest in the existing workforce and make them your priority rather than have to look for new members for your team. Consider that investment into people turns them into long term employees and use your budget wisely.