Corporate team building refers to several activities embarked on by a group of and organization’s employees to boost cooperation and improve motivation. It should be noted that the two terms, team building, and teamwork are not the same. Team building focuses on group creation while teamwork focuses on the functions of the created group.
Corporate team building activities are specifically designed to increase cooperation and cohesiveness among employees of an organization. Managers must help employees understand how spending the day playing games with one another will help them to bond and also shape their attitudes toward one another and their projects.
Why should a company invest in corporate team building?
There are several reasons an organization should invest in corporate team building exercises. This post shares a few of them.
- It helps to attain the established organizational goals: While going through the team building activities, members are given tasks with rules and regulations for completion. Completing such tasks together will translate to better work performance among employees since they already learn to work together to achieve organizational goals
- It fosters healthy competition: When there is healthy competition in an organization, employees are motivated to work harder. Team building activities involve competition among teams, which requires that they give their best to win the competition. Employees can apply the same principle in the workplace for more productivity.
- It improves easy interactions among employees: Employees in a corporate environment often communicate through emails and online chat-forum when they have to work together on a project. Although this is very effective in completing tasks, it eliminates the benefits of physical interaction.
However, with corporate team building, employees come together and work as a team in a face-to-face environment. This encourages physical interaction and makes working together a better social experience.
How much does a corporate team-building exercise cost?
The group size is a significant factor in determining the cost of corporate team-building exercise. This is because a large percentage of the cost of activities will increase with the increase in the number of participants.
These activities’ cost includes suppliers, printing, facilitators, and support staff expenses. However, an estimated cost for a corporate team-building exercise that involves different group sizes is as follow:
- 10 Participants: $3,000-$7,000 for half-day and $4,300-$8,300 for full day.
- 20 Participants: $4,200-$8,000 for half-day and $5,200-$9,400 for full-day
- 50 participants: $6,800-$11,600 for half-day and $8,600-$13,600 for full day.
- 100 Participants: $9,000-$15,600 for half-day and $10,600-$18,000 for full day.
The cost will cover the materials needed for the corporate team building session, the cost of shipping materials and travel expenses, remuneration or certified facilitators, and other expenses.
How do I know that my organisation needs a corporate team building exercise?
When there is an absence of teamwork in an organization, it may be a sign that it is time to invest in a corporate team building exercise. Here are some telltale signs that your employees need some bonding time together.
- Consistent conflicts causing division among the team members
- Team members are more focused on personal success than group success, causing losses to the group
- Poor communication among team members leading to slowed progress
- Team members work individually rather than as a team
- Resistance to change by some members causing drawbacks for the team
- There is a need for a morale boost among the teams.
Corporate team building is something that every organization should invest in. It may seem like a capital project but the benefits are worth every dollar you invest in it. If you want to experience more growth in your company, it may be a great idea to invest in a corporate team building exercise.