It’s often said, employees are a business’s greatest asset. This year leaders are focused on encouraging team building and boosting culture within the business. Employees are the foundation of an organisation and it is essential they feel valued by their company – on both a personal and professional level. Team events play an influential role in growing and retaining employees, especially in the current business and economic landscape. A close-knit team will ensure productivity and a successful work environment.
Here’s how events can influence team culture and why they’re significant:
1.The power of networking
A significant benefit to any team event is networking. Networking is shown to increase productivity in any virtual, hybrid or in-person environment. This provides an opportunity for employees to socialise, connect, ideate, and collaborate with their peers. Research shows that networking allows any individual to improve their capacity to innovate, broaden their knowledge and build and nurture relationships that can enhance the quality of work produced and increase job satisfaction.
2. Delivery-related events boost morale
As the old saying goes, “teamwork makes the dream work.” Results from a 2021 Sydney University survey highlight the importance of team-building initiatives for the overall success of an organisation. The study mentioned that 86 percent of executives surveyed said that a lack of collaboration leads to company failure. By collaborating effectively, employees learn to build stronger working relationships, and learn from one another’s skills and ideas.
3. Social-related events strengthen culture
Social events help to boost a company’s culture. We often spend more time at work than we do at home. Culture has a significant impact on the attitude, efficiency, commitment, energy and performance of employees. A positive company culture will motivate individuals to achieve goals, improving overall ROI and work ethic.
Social events allow team members to develop stronger relationships outside the workplace. At Taurus, we believe team events and team building are the most important investments that businesses can make. The team regularly meets for coffee, sales hackathons, lunch and learns brunches, and after-work drinks. Overall, effective team building means more engaged employees, which is good for company culture and boosts the bottom line.